Course Overview
This training course provides an in-depth understanding of motor insurance underwriting and claims management. It covers key underwriting principles, risk assessment, policy structures, fraud detection, and claims handling processes. Participants will gain practical insights into best practices for managing motor insurance policies and settlements efficiently.
Course Duration
5 Days
Target Audience
-
Motor insurance underwriters
-
Claims handlers and loss adjusters
-
Insurance brokers and agents
-
Risk managers in automotive and insurance sectors
-
Legal and regulatory professionals in motor insurance
Personal Impact
-
Develop expertise in motor insurance underwriting and policy structuring
-
Learn effective risk assessment techniques for motor insurance
-
Enhance skills in claims processing and fraud prevention
-
Understand legal and regulatory aspects of motor insurance claims
Organizational Impact
-
Improved underwriting and risk selection processes
-
Reduced fraudulent claims through better detection strategies
-
Faster and more efficient claims settlements
-
Compliance with motor insurance regulations and industry best practices
Course Outline
Course Objectives
By the end of this course, participants will be able to:
-
Understand motor insurance underwriting principles and risk evaluation
-
Identify key factors influencing motor insurance premium calculations
-
Apply best practices for efficient claims management and settlement
-
Detect and prevent fraud in motor insurance underwriting and claims
-
Navigate legal and regulatory frameworks in motor insurance
Course Modules
Course Outline
Module 1: Fundamentals of Motor Insurance Underwriting
-
Principles of motor insurance underwriting
-
Types of motor insurance policies (comprehensive, third-party, etc.)
-
Risk factors in motor insurance underwriting
-
Case study: Evaluating risk for high-risk drivers
Module 2: Risk Assessment and Premium Calculation
-
Factors influencing motor insurance premiums
-
Telematics and data-driven risk assessment in motor insurance
-
Underwriting considerations for fleet insurance
-
Case study: Pricing motor insurance policies effectively
Module 3: Motor Insurance Claims Processing and Settlement
-
Steps in handling motor insurance claims
-
Assessment of vehicle damages and total loss claims
-
Role of technology in expediting claims settlements
-
Case study: Managing a disputed motor insurance claim
Module 4: Fraud Detection and Prevention in Motor Insurance
-
Common types of fraud in motor insurance claims
-
Investigative techniques and tools for fraud detection
-
Role of data analytics in fraud prevention
-
Case study: Identifying and mitigating a staged accident claim
Module 5: Legal and Regulatory Frameworks in Motor Insurance
-
Motor insurance laws and compliance requirements
-
Consumer protection and dispute resolution
-
Emerging trends and regulatory changes in motor insurance
-
Case study: Legal considerations in a motor insurance liability claim
Related Courses
Course Administration Details
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
Click here to register for this course.
Register NowCustomized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.
Customize AttendanceDo you need more information on our courses? Talk to us.