National Insurance Academy
In Pune

Price on request
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Important information

  • Training
  • Pune
  • Duration:
    1 Week

Important information

Where and when

Starts Location
On request
25, Baner Road, Balewadi, 411045, Maharashtra, India
See map

Course programme

Insurance Business can succeed by proper access to and use of authentic detailed underwriting and claims data. This is a prerequisite to successful move to freedom in market. Indian market should compile / share sufficient and detailed data required for actuarial analysis and pricing. Rating based on limited data could mean a repeat of the 1994 marine experience. The communication and negotiation skills for service and efficiency will have a prominent role in new environment. Underwriting, an individual company’s prerogative; can be used as a tool for marketing and profitability of operations.

This programme aims to enable the participants to:

• Acquaint with underwriting knowledge in specific lines – Fire, Marine, Engineering, Motor (auto), Miscellaneous Liability, Health.

• Understand relevance of actuarial practices for sound and prudent underwriting

• Impact of changing scenario in on Reinsurance build up

• Acquire an integrated view of underwriting and related insurance operations

Contents :
• Actuarial Application in Non-Life Insurance

• Pricing of Products and new riders

• Identification of data needs, collection of data; Analysis & Valuation

• Risk Inspection as a tool for greater understanding of risk

• Evaluating risk: Hazard & Hazop Analysis

• Evaluation of Proposals, Reporting of risk to the company

• Training Underwriter: Classes of Risks for internal lines

• Identification of rating factors for every subclass

• Rating of risk and determining the terms and conditions of cover – quoting rates

• Internal audit of underwriting policy & philosophy

• Reinsurance as a tool for better underwriting

IT Requirements in prudent underwriting

• Methods for Data Compilation – Centralised data warehouse, data extraction & analysis

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