AU Associate in Underwriting
Offering comprehensive know-how of commercial underwriting:
- AINS 23 Commercial Insurance: Understand commercial insurance policies and coverages.
- AU 60 Underwriting Commercial Principles: Understand underwriting principles and practices.
- AU 61 Underwriting Commercial Property: Learn commercial property underwriting techniques.
- AU 62 Underwriting Commercial Liability: Understand how to underwrite liability exposures.
- Ethical Guidelines for Insurance Professionals
Goals
Participants develop their understanding in Underwriting that complement their working experience in Underwriting. It enables them to attain a sophisticated thought process that is required to assess risk and be able to ask the “right” questions. Junior Underwriters in particular will gain a solid basis for their successful future career.
Benefits
- Obtain the internationally recognized Diploma of The Institutes
- Extend your vocabulary in underwriting and insurance terms
- Structure your knowledge in underwriting and gain a deep understanding of the generic mechanism of how to underwrite commercial lines
- Increase your career opportunities and earning potential due to proven structured skills
- develop clear perspective on how to build a successful book of business
- Share your experiences and challenges and find straightforward strategies to improve your performance
Target group
Commercial Underwriters in internationally operating primary and re-insurance companies, and International Insurance Brokers.
Course Material
- Text book and course guide, including an online exam preparation tool (approx. 1x CHF 420* and 3 x CHF 340*, including order, shipping, taxes, customs, fuel surcharge and handling fee)
- Optional SMART study aids, (various prices*)
Exams
AINS 23, 55-85 Multiple Choice questions, 2 h Exam (approx. CHF 255*, (2019))
AU 60/61/62, 40-65 Multiple Choice questions, 1,5 h Exam (approx CHF 305* each (2019))
Prices*
*Prices vary due to changes at various stages in the supply chain.
Additional Support
The IIS helps to find other students pursuing the same Diploma. Additionally we can offer the small groups a room (at the rate of CHF 20.00/h) to study and exchange as learning group.
Diploma
After passing all required exams successfully you earn the Title "AU", Associate in Commercial Underwriting of The Institutes (USA). (Professional Designation)
FAQ
Which prerequisites and/or requirements are compulsory for the AU training?
There are no prerequisites or requirements to a certain specialized level needed. However, because the course material is written in English, your English knowledge must be good. It is nevertheless recommendable to have some experience in the underwriting or insurance industries. Additionally, you need to keep up a studying rhythm and discipline to finalize this Diploma.
What is the recommended amount of time necessary for this course and per module?
Per Module: Around 4-6 hours per week are recommended to get an overview on each assignment in the text book. (about 30-50 pages per week). Additional time one needs to set aside to recap and prepare for the test. Before starting these studies, please be aware to carefully schedule the 4-6 month period per module so that you have enough time alongside your vocational and personal activities.
For the Diploma: You may develop slowly all the aspects of underwriting along this training. It is even recommended to applying and training on the job between the modules. You may strech the studying period as needed and in line with your career path. The training journey in underwriting is a key factor to transfering the knowledge to your job.
What requirements are needed to achieve the AU Diploma?
The only requirement for attaining the AU Diploma is to succeed in the 4 written exams of AINS 23, AU 60, 61 and 62. Additionally you need to fulfil the Online Training and Exam on Ethics. There are no oral exams and no reports to be written.
Is it possible to book a study group?
If you desire to find other students pursuing the same goal, we will try to support you. If we are successful you may book our small training location at Häringstrasse for CHF 20.00 per hour to offer you a meeting point in the center of Zürich.
How are the examinations arranged? Can they be repeated?
There are 4 test windows offered per year. They are from January 15 - March 14, from April 15 - June 15, from July 15 - September 14 and, from October 15 - December 14 each year. The examinations may be taken in a random sequence and may be repeated. In any case, please contact the IIS to organise and order your exam.
Diplomanden
Berger Claudia, HDI Geling Industrie Versicherungen
Düring Oliver, XL Insruance, Direktion Deutschland
Dutulescu Alexandre, Helsana Versicherungen
Gaus Daniel, Global Aerospace Underwriting Managers Ltd.
Hering Ellen, SCOR SE
Jenzer Nina, Swiss Reinsurance Company
Knobel Urs, ART Allianz AG
Lehmann Philipp, Concordia Kranken- und Unfallversicherung
Machowetz Alexander, Zurich Insurance Company
Meier Christoph, ART Allianz AG
Mühlebach Renate, Global Aerospace Underwriting Managers Ltd.
Will Sandra, Privat