FAK 2326 Underwriting
FAK 2326 Underwriting
The course is one out of four that can be used as part of Risk and Insurance. The course is an obligatory part of the Insurance Brokers Authorizations for Non-life Insurance.
The students shall obtain knowledge about how to make insurance contracts, developing risk premium and quoted premium, statistical modelling, budgeting and monitoring of the underwriting results. The students shall further obtain insight in the selection of class of business and design of products, handling the companys risk exposure and the implementation of control systems.
The students shall be able to evaluate the making of insurance contracts, including which risks are covered, how the premium is calculated, including which factors form part of the basis of calculation and be able to carry out a justifiable analysis and balance between the existing risk, need for insurance and costs.
During the course, the students should have acquired a conscious attitude to the fact that their professional choices and advice first and foremost are of importance for other people than themselves.
- Selection of class of business and design of products
- Setting the underwriting policy
- Developing the risk premium
- Statistical modeling techniques
- Management of exposures
- Developing the quoted premium
- Implementation of operational controls
- Budgeting and monitoring results
Part-time study organized as distance E-learning based on self-tuition and five assignments (mandatory).
Intensive 5 days (2+3) mandatory seminars.
Higher Education Entrance Qualification
The course implies that the student has basic knowledge of the Norwegian insurance industry. The major part of the curriculum is in English.
| Assessments |
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Exam category: Submission Form of assessment: Written submission Weight: 100 Grouping: Group/Individual (1 - 3) Duration: 72 Hour(s) Comment: Home exam, 72 hours, individual or in groups of up to three students. For authorization purposes the grade must be C or higher. Exam code: FAK 23261 Grading scale: ECTS Resit: Examination when next scheduled course |
| Activity | Duration | Comment |
|---|---|---|
Teaching | 35 Hour(s) | |
Submission(s) | 15 Hour(s) | |
Student's own work with learning resources | 120 Hour(s) | |
Examination | 30 Hour(s) |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.