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CII: IF3 Insurance Underwriting process

This class was created by Brainscape user Mark Lo. Visit their profile to learn more about the creator.

By: Mark Lo
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Decks in this class (11)

Commercial insurance products cover
What are the three main types of ...,
Name the 5 different types of pro...,
Name the 2 different types of pec...
42  cards
Establishing the price rating
What are board level decisions co...,
What are manager level decisions ...,
What are operational level decisi...
10  cards
Establishing the price: pricing factors
What is risk premium,
What are some of the key steps an...,
What are fixed expenses
10  cards
Insurance support services
What are the 4 main types of supp...,
What types of insurance typically...,
What are authorised repairers and...
4  cards
Managing exposure in insurance
Define exposure,
What factors influence the insura...,
True false rates in the market fo...
5  cards
Material facts in the undewriting process
What does caveat emptor mean,
Define utmost good faith,
With the duty to disclose materia...
9  cards
Personal insurance products cover
What 4 different levels of cover ...,
What does rta cover provide,
What does third party only cover ...
24  cards
Renewal and cancellation procedures
What are days of grace,
What types of insurance exclude d...,
What is a cooling off period
3  cards
The structure and content of insurance policies
What do all basic general insuran...,
What conditions are commonly foun...,
What are representations
8  cards
Underwriting considerations
What does the underwriting proces...,
What are personal insurances,
What are commercial insurances
31  cards
Underwriting procedures
Outline the key underwriting proc...,
State the rules procedures in the...,
What is a proposal form
11  cards

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CII: IF3 Insurance Underwriting process

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