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Insurance Agent Training

CMA and CPD Approved I Audio Visual Training | Free PDF Certificate | MCQ Based Exam I 8 CPD Points I 1-Year Access


Academy for Health & Fitness

Summary

Price
Save 97%
£10 inc VAT (was £421)
Offer ends 15 August 2020
Study method
Online, self-paced
Duration
8 Hours
Access to content
365 Days
Qualification
No formal qualification
CPD
8 CPD hours / points
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

12 students purchased this course

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Overview

This Insurance Agent Training is the only guide you need for learning the essential topics thoroughly and acquire the necessary skills for a special discounted price. With only 8 hours of training towards your CPD-accredited certificate and course materials designed by industry experts, any of your dreams in professional life can be turned into a reality.

Our exclusive Insurance Agent Training follows an advanced curriculum with topics broken down into a total of 11 scaled-down modules for your ease of self-paced learning. These modules will assist you in grasping the basics and leading you to the steps of getting a comprehensive understanding of all aspects of the Insurance Agent Training. The course materials designed by experts are easily accessible 24/7 by any of your smartphones, laptops, PCs, tablets etc. Our expert instructors are available on weekdays to listen to any of your queries via email and help you in achieving your goals.

Finally, you will receive a CPD-accredited certificate which will fast-track your career and showcase your expertise on this topic to excel in your professional life. This professional certification along with your in-depth understanding of the course materials will put you ahead in this sector as well as the relevant job market.

Key Topics to be Covered

  • The definition of insurance and the insurance industry along with extensive knowledge on how both of them work
  • How the UK insurance industry functions and the role of an insurance agent
  • The fundamental principles of insurance
  • Complete understanding of certain areas of insurance such as general insurance, personal lines insurance, commercial lines insurance, life insurance, liability insurance, and marine insurance
  • Extensive training on insurance fraud and the many aspects of it
  • How the underwriting process works and how to conduct it professionally as an insurance agent

Learning Outcomes

  • Learn the basics of insurance with the best practices in the associated industry
  • Brush-up your knowledge (if any) of the UK insurance industry
  • Deepen your understanding of the principles of insurance
  • Learn in-depth about several types of insurance and which one applies when
  • Familiarise yourself insurance fraud and different aspects of it
  • Learn the ins and outs of the underwriting process
  • Be an effective insurance agent in your professional life and thrive in your career

CPD

8 CPD hours / points
Accredited by The CPD Certification Service

Course media

Description

The insurance industry is a promising sector to explore if you are a thriving individual ready to take any challenge in life and also, be successful in your career. But to be an efficient insurance agent, adequate training and proper guidance is a must. This accredited professional training on Insurance Agent will prepare you for just that, by dividing up all the necessary topics to be covered into 11 extensive modules. You’ll be prepared to take any challenge and kickstart a career as an insurance agent, taking your professional life to the next level. This self-paced, comprehensive online course will enhance your existing skills related to this sector by taking them to the next level and equipping you with up-to-date skill training for taking on the challenges of tomorrow.

Skills You Will Gain

  • Knowledge of the ins and outs of the insurance industry, with special emphasis on the UK insurance industry
  • Develop an in-depth understanding of the fundamental principles of insurance
  • Enhance your expertise in general insurance
  • Learn the difference between personal lines insurance and commercial lines insurance
  • Excellent understanding of life insurance, marine insurance and liability insurance
  • A clear understanding of the various aspects and dimensions of insurance fraud, especially in today’s world
  • Learn thoroughly how the underwriting process works and how to conduct it efficiently

Course Curriculum:

Module 01: Insurance Industry

  • Role of Government in Insurance
  • Profile of The Modern Insurance Sector
  • Development Paths for The Insurance Sector

Module 02: The UK Insurance Industry

  • The Challenge and Opportunity for The UK Insurance Sector
  • Global, Regional, and Local
  • The Diversity of Talent: A Competitive Edge for UK Insurers
  • Insurance in a Changing World: Challenge and Opportunity
  • The key Issues Identified
  • The UK Industry in Overseas Markets
  • A Coordinated and Targeted Approach
  • Open Markets
  • Deepening and Sharing Knowledge
  • The UK As A Location For Insurers
  • Effective, Responsive, and Efficient Approval And Authorisation
  • Targeting Inward Investment
  • Promoting the UK as a centre of innovation, and Islamic Finance
  • Insurers as Long-term Investors in The UK
  • Regulatory framework that facilitates investment
  • Investing in the economy and society
  • Promoting insurers as important investors
  • Serving UK Insurance Customers
  • Government and Industry Working in Partnership
  • Technological Change
  • New Domestic Markets
  • Promoting Consumer Engagement and Meeting Consumer Needs
  • Skills and Diversity in Insurance
  • Attracting New Talent
  • Promoting Professional Standards

Module 03: Principles of Insurance

  • Insurable Interest
  • Utmost Good Faith
  • Proximate Cause
  • Indemnity
  • Contribution
  • Subrogation

Module 04: General Insurance

  • Motor
  • Property
  • Liability
  • Travel
  • Pet
  • Accident & Health
  • Reinsurance
  • Marine, Aviation and Transport

Module 05: Personal Lines Insurance

  • What is Personal Lines Insurance
  • Health
  • Household Insurance
  • Motor Insurance
  • Protection Insurance

Module 06: Commercial Lines Insurance

  • Business Interruption Insurance
  • Commercial Motor Insurance
  • Pecuniary Insurance
  • Commercial Property Insurance

Module 07: Liability Insurance

  • Directors' and officers' Liability Insurance
  • Employers' Liability Insurance
  • Products Liability Insurance
  • Professional Indemnity Insurance
  • Public Liability

Module 08: Marine Insurance

  • Marine Hull and Machinery Insurance
  • Marine Cargo Insurance
  • Marine Liability Insurance
  • Marine Loss of Hire/Loss of Earnings/Passage Money and Freight

Module 09: Life Insurance

  • Endowments
  • Term
  • Whole of life
  • With-profits and Unit-linked Funds

Module 10: Insurance Fraud

  • What is Insurance Fraud
  • What is The Scale and Impact of Fraud
  • What Are The Consequences of Fraud
  • What Is The Industry Doing To Combat Fraud

Module 11: Underwriting Process

  • Underwriting Process
  • Factors
  • Risk Classification
  • Insurance Credit Scoring in Pricing

Assessment Process

Once you have completed the modules in the course, your skills and knowledge will be tested with an automated multiple-choice assessment, after which you will receive instant results.

Showcase Your Accomplishment of New Skills: Get a Certification of Completion

Upon passing the assessment, you will receive proper certification that is recognised all over the UK as well as internationally. The PDF certificate is free of cost which you can download instantly upon completing the assessment or you can order it via online. You can also receive an original printed copy of the certificate for showcasing your achievement anywhere and everywhere, which will be sent to you by post. The postal fee for this printed copy is only £5.99, with no additional fees or expense.

Who is this course for?

Is This Insurance Agent Training Right for You?

This course is right for anyone who wishes to gain in-depth knowledge and understanding of what it means to be an insurance agent, how to be one in the real-life, and fast track their career with relevant high-valued skills.

Requirements

This is an introductory training course, and there are no specific entry requirements for enrolment and the learner has the freedom to choose between studying this course on a part-time or full-time basis.

Career path

On successful completion of this course, you will have learned the fundamentals of the insurance industry and the role of an insurance agent. You’ll also be familiar with the best practices to be a professional insurance agent and how to utilise the acquired skills in real life.

Questions and answers

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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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