Insurance Underwriting
About Insurance Underwriting
The process of determining the level of risk you provide to a potential insurer is known as underwriting. Professional underwriters examine your application's requirements to determine whether it is possible to give you a policy and, if so, what level of coverage you qualify for. Using the data, they then determine your monthly premium.
Why is Insurance Underwriting important?
The decision of whether or not to refuse the risk of taking on an insurance policy if the probability of payment is too high is made by insurance underwriters, who play a crucial role in an insurance firm.
Who should take the Insurance Underwriting Exam?
- Underwriter
- Team Leader
- Account manager
- Mortgage underwriter
Insurance Underwriting Certification Course Outline
- Principles and underwriting department operations
- Decisions pertaining to acceptance
- Acceptance with modification, or non-acceptance
- File documentation
- Insurance valuation
- Farm equipment
- Effective written communication, and re-underwriting.
Certificate in Insurance Underwriting FAQs
When will the result be declared?
The result will be declared immediately on submission.
How can I take the exam?
It will be a computer-based exam. The exam can be taken from anywhere around the world.
What is the passing score for the Certification?
You have to score 25/50 to pass the exam.
Is there any negative marking?
No there is no negative marking
How many questions will be there in the exam?
There will be 50 questions of 1 mark each
What happens if I fail in the exam?
You will be required to re-register and appear for the exam. There is no limit on exam retake.
How to register for the exam?
You can directly go to the certification exam page and register for the exam.