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SpecCon Holdings

INSETA Qualifications

NQF Level 5 | INSETA

Insurance Underwriter

Master the art of risk assessment and insurance underwriting with comprehensive training in principles of insurance, product pricing, and risk management. This qualification prepares you for senior underwriting roles.

163
Credits
36
Months
NQF 5
Level
Insurance underwriter analyzing risk assessment documents

Qualification Overview

This Insurance Underwriter qualification provides comprehensive training in risk assessment, insurance principles, product pricing, and underwriting decision-making. The program combines theoretical knowledge with practical skills needed to excel in professional underwriting roles across various insurance sectors.

Learning Outcomes

Upon completion of this qualification, learners will be able to:

  • Apply principles of insurance and underwriting practices
  • Manage records and documentation efficiently
  • Implement administration policies and procedures
  • Analyze and price insurance products effectively
  • Assess and manage various types of risks
  • Make informed underwriting decisions based on risk analysis

Career Opportunities

This qualification opens doors to specialized underwriting roles including:

Insurance Underwriter
Risk Assessor
Underwriting Manager
Insurance Analyst
Product Manager
Senior Underwriter

Core Modules

Module 1: Principles of Insurance

  • • Application of legal and Insurance principles
  • • Apply basic legal and insurance principles to underwriting recommendations
  • • Application of legal and insurance principles to underwriting processes
  • • Insurance market dynamics and operations
  • • Professional ethics in insurance industry

Module 2: Records Management

  • • Administration and record keeping in Insurance

Module 3: Administration Policies and Procedures

  • • Apply and adhere to operational and administrative procedures and practices
  • • Exposure to operational and administrative underwriting procedures and practices

Module 4: Product Pricing

  • • Rating and Pricing of insurance risks and products
  • • Apply knowledge of product and pricing to underwrite profitable risks
  • • Exposure to processes and factors leading up to final underwriting decision

Module 5: Risk Assessment

  • • Insurance Risk Management for Underwriters
  • • Evaluate risk information to determine risk profile and manage risk exposure
  • • Evaluation and management of risk profile and /or exposure

Qualification Details

SETA INSETA
NQF Level Level 5
Credits 163 Credits
Duration 36 Months
Delivery Mode Blended Learning
Assessment Competency Based
NLRD ID 117329
Status Accredited
Provider SpecCon

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