C122 – Practical Issues in Underwriting Management
This course widens focus from the underwriting of individual risks to the management of a portfolio or book of business. You will begin with studies on regulatory and other influences on the underwriting environment, then establish an organizational context with studies on company organization and the distribution network. You will follow that with a look at planning and budgets, the use of reinsurance, and the development of new programs and products. Then, you will learn how internal and external audits are used to measure the results of planning and development. You will close by widening focus with a discussion about setting priorities, the importance of communication, and other general considerations for effective book management.
Chapter Outlines:
- Regulatory Influences
- Other Influences
- Company Organization
- Distribution Networks and Plant Management
- Organizational Planning
- Reinsurance
- Program and Product Development
- Internal Audits
- External Audits
- Book Management
