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Principles of Insurance & Insurance Fraud
Nano Training

CPD QS Accredited | Bite Size Course Materials | Quick Access | Easy to Learn | 24/7 Expert Support

Summary

Price
£19 inc VAT
Study method
Online, On Demand 
Duration
2.2 hours · Self-paced
Qualification
No formal qualification
CPD
10 CPD hours / points
CPD What's this?
Certificates
  • Reed Courses Certificate of Completion - Free
  • CPD QS Certificate - PDF - £4.99
  • CPD QS Certificate - Hardcopy - £9.99
Additional info
  • Tutor is available to students
13 students purchased this course

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Overview

Principles of Insurance & Insurance Fraud turns uncertainty into a system you can manage. You’ll build a clear foundation in risk pooling, indemnity, insurable interest, utmost good faith, subrogation, and proximate cause, then apply them to everyday cover—property, motor, liability, health, and travel. Along the way, you’ll learn how policies are structured, what exclusions really mean, and how claims move from notification to settlement with fairness and control.

Next, you’ll step into underwriting and risk classification: distinguishing hazards and exposures, assessing probability and impact, setting limits and deductibles, and aligning pricing with risk appetite. The course also confronts fraud head-on—how it harms customers and markets, the red flags to watch for, and the consequences for individuals and organisations. You’ll practise clear documentation and communication that stands up to scrutiny.

By the end, you’ll read policies with confidence, explain underwriting decisions, support compliant claims handling, and help reduce fraud risk across the customer journey. Whether you’re new to insurance or sharpening a current role, this course gives you language, judgment, and credibility from day one.

Don’t hesitate any longer - Enrol now!

After completing this Principles of Insurance & Insurance Fraud course, you will be able to:

  1. Define key concepts and principles in the insurance industry.
  2. Describe various types of general insurance policies.
  3. Identify and explain the impacts of insurance fraud.
  4. Apply knowledge of underwriting processes in practical scenarios.
  5. Assess risks effectively in the context of insurance.
  6. Develop strategies to detect and prevent insurance fraud.
  7. Interpret and comply with ethical standards in the insurance sector.
  8. Communicate effectively with stakeholders about insurance and fraud concerns.

Certificates

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Curriculum

5
sections
5
lectures
2h 12m
total

Description

The "Principles of Insurance & Insurance Fraud" course is an enlightening CPD QS accredited program designed to provide a deep understanding of the insurance sector. This course goes beyond the basics, offering insights into the complexities of general insurance policies and the nuances of fraud in the industry. It covers the fundamental aspects of insurance, the various types of policies, the severe consequences of fraud, and delves into the critical process of underwriting and risk classification. This Principles of Insurance & Insurance Fraud course is vital for fostering a comprehensive grasp of the insurance landscape, emphasising ethical practices and the importance of fraud prevention.

Course Completion Certificate

Once you've completed the Principles of Insurance & Insurance Fraud course, you will immediately be sent a free PDF certificate from REED. You can also choose to receive a CPD QS PDF/Hardcopy certificate. Prices for CPD QS certificates are as follows:

  • PDF Certificate: £4.99

Email delivery of printable/shareable PDF certificate.

  • Hardcopy Certificate: £9.99

Professionally printed certificate delivery.

Who is this course for?

This course is designed for:

  1. Insurance professionals seeking in-depth industry knowledge.
  2. Financial advisors and consultants focusing on insurance products.
  3. Legal professionals involved in insurance law.
  4. Business owners requiring an understanding of insurance for risk management.
  5. Students and graduates aspiring to enter the insurance industry.

Requirements

The Principles of Insurance & Insurance Fraud course is open to everyone and has no formal entry criteria.

Career path

After completing this Principles of Insurance & Insurance Fraud course, you can pursue the following career pathways:

  1. Insurance Broker (£25,000 - £50,000)
  2. Risk Manager (£35,000 - £70,000)
  3. Claims Adjuster (£20,000 - £40,000)
  4. Insurance Fraud Investigator (£30,000 - £55,000)
  5. Underwriter (£22,000 - £60,000)

Questions and answers

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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, 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.

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 Courses, many of which can be completed online.

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.

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 Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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