Underwriting and Brokerage

Catalog description

This course provides an in-depth analysis of the underwriting process of assessing the risks and exposures of insurance applicants in determining whether to accept the risks on behalf of the insurance company, the amount of coverage to be provided, and pricing; and brokerage processes of soliciting, negotiating and selling of insurance. The course will examine the legal liability associated with underwriting, the activities that comprise the underwriting process, including the establishment of underwriting policy and related constraints, and the pricing processes, including ratemaking methods and factors that affect ratemaking. Also, the course will examine the specific underwriting processes and differences for general liability, business auto, workers compensation, professional liability, property, and business income insurance products. Also, the processes and activities comprising insurance brokerage will be examined in detail.