10162127Introduction to Underwriting
Course Information
Description
The course provides an overview on making underwriting decisions, the underwriter-producer relationship, and underwriting personal and commercial property and casualty insurance.
Total Credits
2
Course Competencies
  1. Identify risk and its relationship to underwriting.
    Assessment Strategies
    by collaborating on hypothetical cases to evaluate and locate the exposures to loss.
    by evaluating a risk and identifying the sources of information.
    by developing an underwriting course of action.
    by answering questions in Blackboard.
    Criteria
    you can identify exposures to loss.
    you can list the four ways to handle risk.
    you can define some general insurance terms.

  2. Analyze major sources of underwriting information and the underwriting cycle.
    Assessment Strategies
    by reviewing case studies and identifying sources of information.
    by reviewing case studies and identifying factors an underwriter should consider.
    by answering questions concerning underwriting data.
    Criteria
    you can identify and describe sources of information the underwriter can use in evaluating a personal lines risk.
    you can list the factors an underwriter should consider and classify those factors an underwriting desirability standpoint.

  3. Explain the sources of information and the importance of questions on the Acord forms in underwriting a risk.
    Assessment Strategies
    by honestly completing an Acord Form and answering questions in Blackboard
    Criteria
    you can understand and relate the questions on an Acord Form to a particular risk.

  4. Evaluate the COPE factors in commercial property.
    Assessment Strategies
    by identifying a business and evaluating it for underwriting information.
    by preparing a paper providing the important underwriting information on the risk including COPE.
    by communicating the underwriting factors to others.
    Criteria
    you research a business to understand the underwriting factors.
    your reflection presents insight into all of the commercial lines property exposures

  5. Analyze the liability exposures a business faces.
    Assessment Strategies
    by evaluating a business and preparing a paper identifying and explaining the liability exposures and the premium base.
    by orally communicating the findings to other students.
    by submitting an experience summary to the instructor outlining their understanding of the material.
    Criteria
    you research a business and identify and explain the liability exposures and what the insurance company will use as a base for determining a premium.
    you can communicate and explain these exposures to others.
    your reflection shows an understanding of casualty exposures and the underwriting factors.

  6. Examine the differences and similarities in Personal and Commercial Underwriting.
    Assessment Strategies
    by answering a set of questions in Blackboard.
    Criteria
    you are able to identify some of the key exposures to loss in personal and commercial lines risks.

  7. Apply steps and components of the underwriting process.
    Assessment Strategies
    by answering a set of questions on a final exam.
    Criteria
    your reflection indicates an understanding of the underwriting processes.