Underwriting Commercial Property focuses on the profitable selection of applicants for commercial property insurance coverages. Because of the variety of coverages included in this subject area, this course covers a number of property topics. Of particular importance is an understanding of the COPE (construction, occupancy, protection, and external exposure) framework, which is essential for evaluating fire – the key cause of loss for most property accounts – and other causes of lost.

Benefits

• Build a disciplined approach to underwriting commercial property exposures.
• Set yourself apart as a key contributor to your organization with in-depth knowledge of how to meet an applicant’s needs, while also meeting your organization’s objectives.
• Enhance customer loyalty by utilizing a proven framework for evaluating causes of loss.

Target group

• Underwriters
• Risk Management and Internal Audit Professionals
• Actuaries
• Reinsurance Professionals
• International Brokers

Topics

• Introduction to commercial property underwriting
• Evaluating construction
• Evaluating occupancy
• Evaluating protection and external exposures
• Underwriting fire
• Underwriting other direct causes of loss
• Underwriting business income

Time frame

Around 6 hours per week are recommended for this training with 4 hours for studying the course book (about 30 pages per week) and doing the exercises. Additional time needs to be set aside to prepare for the online exam. Before starting, please be aware to carefully schedule the 4 month period per module so that you have enough time alongside your vocational and personal activities.
Exam dates for online exams are always in the exam windows January 15th - March 14th, April 15th - June 14th, July 15th - September 14th and October 15 - December 14th. Registration for an online exam is possible anytime.

Learning Design

Self study

Course material:

• Text book and course guide
• Extra exercises
• Online exam

Certificate

Certificate of AU 61. The AU 61 is part of the AU designation.