C121 – Advanced Underwriting
This course is addressed to intermediate underwriters and continues the discussion begun in C120 Underwriting Essentials. You will review the nature of an underwriter’s work and the types of knowledge, skill, and temperament an underwriter needs. You will see how these characteristics must be broadened and deepened to analyze the needs and loss experience of larger, more complex risks. You will be exposed to some more unusual or specialized lines of insurance. You will consider the broader perspective a more experienced underwriter needs in dealing with the legal and regulatory environment, manuscript wordings, alternative risk transfer, reinsurance, and international risks. We recommend that you take C11, C12, C13, C14, and C120 before this one.
Chapter Outlines:
- The Experienced Underwriter
- Underwriting Specialty Lines—Part 1
- Underwriting Specialty Lines—Part 2
- Needs Analysis
- Loss Analysis and Rating
- The Influence of the Law and Government
- Manuscript Wordings
- Alternative Risk Transfer
- International Business
- Retention and Reinsurance
