//Insurance Underwriting Management

Insurance Underwriting Management


In your academic journey with Insurance Underwriting Management, you will develop knowledge and understanding about applying the requirements for managing a general insurance underwriting account through selection of class of business and design of products, setting the underwriting policy for those products, establishing the price, management of exposures, implementation of operational controls, budgeting, and monitoring results.

This text provides a practical, managerial approach to the subject and gives you a rich variety of examples and applications to illustrate the main principles through simple, yet effective learning aids.

Each chapter begins with a list of learning outcomes that you can expect to achieve by studying the topic. This is followed by a statement on why the topic is important. Together, they set out a clear contextual framework for you, within which you will conduct your study, being at all times conscious of why you are studying the topic.

This text begins with an introduction to the fundamentals of underwriting in insurance, its management legislation and regulations, strategy, and policy and practice.  It then explains the risk premium development, the application of statistical modelling techniques, and discusses how quoted premium is developed, with these, bringing into context pricing, reinsurance and portfolio exposures.  The discussion culminates in an overview of underwriting operations, and finally explains the importance of budgeting and monitoring in underwriting performance.

Scattered throughout, are insightful thought primers that will set you thinking of what you have just read, learning activities and case studies that will help you reflect on issues as if you were facing them in the real-world.

Towards the end are a collection of rich review questions and tutorial questions to help you assimilate what you have learned and put your knowledge and skills to the test.

Klang Valley, Johor, Penang: 1-3 days; Rest of Peninsular Malaysia: 1-4 days; Sabah, Sarawak, Brunei: 5-7 days. All in working days

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