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Insurance Account Manager - CPD Accredited

CPD endorsed Certification


One Education

Summary

Price
£199 inc VAT
Or £66.33/mo. for 3 months... Read more
Study method
Online, self-paced
Duration
6 Hours
Access to content
12 Months
Qualification
No formal qualification
CPD
5 CPD hours / points
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

20 students purchased this course

Overview

Master the winning trade techniques with our best-selling course and become an Insurance Account Manager.

This comprehensive Insurance Account Manager course lays the results-driven approaches to succeed as an Insurance Account Manager. In this Insurance Account Manager course, you will learn the theoretical and practical knowledge of selling insurance products.

You will discover how to introduce new products and promote them, develop your communication skills to actively interact with delegates or agents.

In addition to that, learn to develop and maintain good working relationships with clients, especially with insurance brokers and IFAs, deliver excellent customer service, and attract new business by identifying and using opportunities in the local market.

Highlights of the Insurance Account Manager:

  • Expand your knowledge of the framework and benefits of insurance management
  • Get a full overview of the UK insurance industry
  • Understand the basic principles and practices of insurance management
  • Learn about risk management and UK business insurance requirements
  • Familiarise with the elements and various clauses of insurance contracts
  • Gain a firm understanding of life, health, business and vehicle insurance
  • Learn about psychology and behavioural economics in insurance
  • Understand the essential skills required to become an insurance account manager and insurance broker
  • Learn how to avoid getting caught out by fraudulent insurance companies

CPD

5 CPD hours / points
Accredited by CPD Accreditation Group

Course media

Description

Why Choose this Insurance Account Manager Course:

  • This best ever Insurance Account Manager course is suitable for anyone interested in working in this sector or who simply wants to learn more about the topic. If you’re an individual looking to excel within this field then Insurance Account Manager is for you.
  • We’ve taken this comprehensive Insurance Account Manager course and broken it down into several manageable modules which we believe will assist you to easily grasp each concept – from the fundamental to the most advanced aspects of the Insurance Account Manager course. It really is a sure pathway to success.
  • All our courses offer 12 months access and are designed to be studied at your own pace so you can take as much or as little time as you need to complete and gain the qualification.
  • We pride ourselves on having friendly and experienced instructors who provide full weekday support and are ready to help with any of your queries. So, if you need help, just drop them an email and await a speedy response.

Course Design

This Insurance Account Manager course is designed with the following modules:

Insurance Account Manager

Module 1: Introduction

  • Overview
  • What is insurance?
  • Nature of Insurance
  1. Buildings Insurance
  2. Contents Insurance
  • Functions and benefits of Insurance

Module 2: An Overview of the Insurance Industry in the UK

  • Beginnings of a modern insurance market
  • The UK insurance laboratory
  • A very British Revolution
  • Differing approaches to reinsurance
  • Great Fire of 1666
  • Marine
  • Life insurance
  • UK insurance industry – An introductory guide
  • How insurance works
  1. How do insurance providers calculate the premiums?
  2. Where to buy insurance
  3. Using online comparison sites
  4. Making an insurance claim
  5. What to do if your claim is rejected

Module 3: Basics of Insurance

  • Overview
  • Risk Management
  1. Ways to Deal with Risk
  • UK business insurance requirements
  • What extra insurance coverage is available?
  • Types of Insurance

Module 4: Principles and Practices of Insurance

  • Insurance Contracts
  • Insurable Interest
  • Key principle
  1. Indemnity
  2. Betterment
  3. Agreed Value
  4. Contribution
  5. Subrogation

Module 5: Insurance Contract: Elements and Clauses of Insurance Contract

Elements of Insurance Contract

  • Utmost Good Faith
  • Principle of Indemnity
  • Conditions for Indemnity Principle
  • Doctrine of Subrogation

Various Clauses of Insurance Contract

  • Description of the Marine Clauses
  • Types of Insurance Contract
  • Policy Sections

Module 6: Home Insurance

  • What is home insurance?
  1. Buildings Insurance
  2. Contents Insurance
  • Additional cover that is available
  • Cover for flats and Maisonettes
  • What is excluded
  • How the price of your home insurance is calculated
  • How your claim will be paid

Module 7: Life and Health Insurance

Life Insurance

  • Think about why you might need cover
  • Some reasons for taking out life cover
  • Types of life cover

Health Insurance

  • What is covered in Private Medical Insurance?
  • High-quality private clinic and hospital accommodation
  • Understanding the cover
  • Types of policy
  • Moratorium Underwriting

Module 8: Business Insurance

  • Business insurance
  • Why do I need business insurance?
  • What type of business insurance do I need?
  • Employers liability insurance
  • Professional indemnity insurance

Module 9: Vehicle Insurance

  • Overview
  • If you’re in an accident
  • Driving abroad
  • Uninsured vehicles
  • Driving without insurance

Module 10: Human Behaviour in Insurance

  • How we make decisions
  • Making insurance decisions
  • Do we have our own bias?
  • Continuous improvement

Module 11: Essential Skills for the Insurance Account Manager and Broker

Account Manager

  • What Does an Account Manager Do?
  • What Kind of Education Do I Need?
  • How Can I Become Licensed?
  • Necessary skills for successful key account management.

Insurance Broker

  • Seven skills required to be a good insurance broker

Module 12: Underwriting Essentials

  • Insurance Underwriting
  • Primary Objectives of Underwriting
  • Underwriting process
  • Insurance Score
  • Factors Considered When Underwriting A Life Insurance Policy

Module 13: Insurance Fraud

  • Types of car insurance fraud
  • How to identify a ‘Crash for Cash’
  • What to do if you think you’ve been involved in a scam
  • Types of Home insurance fraud
  • How to avoid getting caught out by fraudulent insurance companies

How is the Insurance Account Manager course assessed?

To successfully complete the Insurance Account Manager course you must pass an automated, multiple-choice assessment. The assessment is delivered through our online learning platform. You will receive the results of your assessment immediately upon completion.

Will I receive a certificate of completion?

Upon successful course completion, you will qualify for a CPD certificate from One Education as proof of your new skills. Certification is available in PDF format, at the cost of £9, or a hard copy can be sent to you via post, at the cost of £15.

Who is this course for?

Whether you’re an existing practitioner or aspiring professional, this Insurance Account Manager course will enhance your expertise and boost your CV with key skills and an accredited qualification attesting to your knowledge.

The Insurance Account Manager is open to all, with no formal entry requirements. All you need is a passion for learning, a good understanding of the English language, numeracy and IT, and to be over the age of 16.

Requirements

This Insurance Account Manager is compatible with all kinds of devices and the age requirement for this Insurance Account Manager is 16. So, basically, everyone can take this course to acquire Insurance Account Manager skills that are necessary.

Questions and answers

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Reviews

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At reed.co.uk courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on reed.co.uk, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.

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