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Email: info@iiea.co.ke

Meet the changes and challenges of a demanding risk management and insurance marketplace with confidence and professionalism—earn the Chartered Property Casualty Underwriter (CPCU) designation. From risk management principles to complex policy and coverage analysis, CPCU is the premier designation to ensure your professional success.

This Program Is Recommended For

• Agents and brokers
• Agency principals
• Claims representatives
• Line of business managers and executives
• Insurance litigators
• Risk managers
• Underwriters

Course Levels

• Intermediate
• Advanced

Completion Time Frame

2 – 3 years

Course Requirements

• Four foundation courses
• Three courses in either the personal lines or commercial lines concentration
• One elective course
• Completion of Ethics 312--Ethics and the CPCU Code of Professional Conduct

Course Sequence

You can take courses in any sequence according to your background, needs, and interests.

Complete the program in 2-3 years.

Program Requirements

Education

In order to satisfy the CPCU education requirements you must pass in any order; four foundation courses, all three courses from within your choice of either the personal lines concentration or the commercial lines concentration, and one elective course.

 

Foundation Courses

CPCU 500 Foundations of Risk Management and Insurance

Learn how to apply basic concepts of risk management and insurance to everyday activities.

Reminder:

CPCU 500 has replaced CPCU 510.

Topics Covered

• Introduction to risk management
• Risk assessment
• Risk control
• Risk financing
• Enterprise-wide risk management
• Insurance as a risk management technique
• Insurance policy analysis
• Common policy concepts

Course Level

Intermediate

Suggested Self-Study Time

4-6 Weeks

Price: US$ 356.00

CPCU 520 Insurance Operations

Understand how property-casualty insurance functions work together to create and deliver products.

Topics

• Overview of Insurance Operations
• Insurance Regulation
• Insurance Marketing and Distribution
• The Underwriting Function
• Risk Control and Premium Auditing
• The Claim Function
• Actuarial Operations
• Reinsurance Principles and Concepts
• Business Needs and Information Technology Alignment
• Insurer Strategic Management

Course Level

Intermediate

Suggested Self-Study Time

5-7 weeks

Price: US$ 356.00

CPCU 530 Business Law for Insurance Professionals

Learn how to apply relevant principles of United States law to the business of insurance and risk management.

Topics Covered

• Introduction to U.S. law
• Contract law
• Contract law-insurance applications
• Commercial law
• Property law
• Tort law
• Agency law
• Agency law-insurance applications
• Business entities and employment law
• International legal environment

Course Level

Intermediate

Suggested Self-Study Time

5-7 weeks

Price: US$ 356.00

CPCU 540 Finance and Accounting For Insurance Professionals

Understand how corporate finance and accounting apply to property-casualty insurers and non insurers.

Topics

• Introduction to corporate finance and accounting
• GAAP financial statements
• GAAP financial statement analysis
• Insurer statutory accounting
• Insurer statutory annual statement analysis
• Cash flow valuation
• Bonds and stocks
• Insurer investment portfolio management
• Insurer capital needs and sources
• Capital management
• Mergers and acquisitions
• The underwriting cycle

Course Level

Intermediate

Suggested Self-Study Time

6-8 weeks

Price: US$ 366.00

Commercial Lines Concentration Courses

CPCU 551 Commercial Property Risk Management and Insurance

Learn how risk management techniques can be used to address an organization’s property loss exposures.

Topics Covered

• Introduction to commercial property insurance
• Building and personal property coverage form
• Causes of loss forms
• Other commercial property coverage options
• Flood, earthquake, and specialty forms
• Business income insurance
• Inland marine and ocean cargo
• Commercial crime insurance
• Equipment breakdown
• Business owners policies
• Industry-specific policies
• Surety bonds

Course Level

Advanced

Suggested Self-Study Time

6-8 weeks

Price: US$ 440.00

CPCU 552 Commercial Liability Risk Management and Insurance

Understand how risk management techniques can be used to address an organization’s commercial liability loss exposures.

Topics Covered

• Introduction to commercial liability insurance
• Commercial general liability (CGL)
• Business auto, garage and motor carrier
• Workers compensation and employers liability
• Management liability
• Professional liability
• Environmental
• Aviation
• Excess and umbrella liability insurance
• Cyber risk
• Terrorism

Course Level

Advanced

Suggested Self-Study Time

6-8 weeks

Price: US$ 440.00

CPCU 553 Survey of Personal Insurance and Financial Planning

Learn the basics of the property and liability loss exposures faced by most individuals and families.

Topics Covered

• Personal insurance overview
• Automobile insurance and society
• Personal auto policy-liability, med pay, and uninsured motorist coverage
• Personal auto policy-physical damage, duties after an accident and endorsements
• Homeowners property coverage
• Homeowners liability, conditions, coverage forms and endorsements
• Other personal property and liability insurance
• Life insurance planning
• Retirement planning
• Disability and health insurance planning

Course Level

Intermediate

Suggested Self-Study Time

5-7 weeks

Price: US$ 420.00

Personal Lines Concentration Courses

CPCU 555 Personal Risk Management and Property-Casualty Insurance

Understand risk management techniques and how they apply to personal insurance coverages.

CPCU 555 has been revised. New materials for exams beginning on July 15, 2013, are now available for purchase. To register for an exam covering the expiring materials, please call your local affiliate or centre.

Topics

• Personal risk management
• The personal auto insurance environment
• Personal auto insurance-liability, medical payments and UM coverage
• Personal auto insurance-physical damage and endorsements
• Homeowners property coverage
• Homeowners property coverage-perils, exclusions and conditions
• Homeowners liability coverage
• Other homeowners coverage forms and endorsements
• Other residential insurance coverages
• Watercraft, RVs, mobile homes and excess liability
• Personal lines profitability and pricing
• Personal lines portfolio management

Course Level

Advanced

Suggested Self-Study Time

6-8 weeks

Price: US$ 440.00

CPCU 556 Financial Planning

Understand the financial planning process at every stage of an individual’s life.

Topics Covered

• Introduction to personal financial planning
• Life insurance
• Annuities
• Disability and health insurance planning
• Postsecondary education funding
• Retirement planning
• Retirement funding
• Estate planning
• Investment basics
• Income tax planning

Course Level

Advanced

Suggested Self-Study Time

5-7 weeks

Price: US$ 400.00

CPCU 557 Survey of Commercial Insurance

Learn how commercial insurance can be applied to protect against the property and liability exposures faced by most organizations.

Topics Covered

• Commercial property insurance
• Business income insurance
• Commercial crime and equipment breakdown insurance
• Inland ocean marine insurance
• Commercial general liability insurance Part I and Part II
• Commercial auto insurance
• Workers compensation and employers liability insurance
• Businessowners and farm insurance
• Specialty coverages

Course Level

Intermediate

Suggested Self-Study Time

5-7 weeks

Price: US$ 356.00

Elective Courses

AU 67 Strategic Underwriting Techniques

Develop the strategic tools and techniques you need to enhance your organization's profitability.

Topics Covered

• Developing competitive underwriting strategies
• Managing underwriting profitability
• Underwriting large accounts
• Utilizing loss-sensitive plans for large accounts
• Using reinsurance in commercial underwriting
• Managing a book of business
• Reunderwriting a book of business

Course Level

Advanced

Suggested Self-Study Time

4-6 weeks

Price: $ 398.00

AAI 87 Agency Leadership and Strategic Alignment

Learn new leadership skills that will help align your agency's operations with its organizational goals.

This course is not a requirement of the AAI designation. If you are an AAI designee and pass AAI 87, you earn the AAI-M designation.

Topics Covered

• The aligned organization
• Cultivating organizational alignment
• Employee development
• Managing across organizational boundaries
• Creating competitive advantage
• Strategic agency management
• Relationship management
• Business continuity planning

Course Level

Advanced

Suggested Self-Study Time

5-7 weeks

Price: $ 385.00

AIC 47 Claims Leadership and Organizational Alignment

Gain valuable leadership skills specifically for claims professionals.

This course is not a requirement of the AIC designation. If you are an AIC designee and pass AIC 47, you earn the AIC-M designation.

Topics Covered

• The aligned organization
• Cultivating organizational alignment
• Managing the claim function
• Employee development
• Creating competitive advantage
• Claim decision support
• Managing across organizational boundaries
• Business continuity planning

Course Level

Advanced

Suggested Self-Study Time

5-7 weeks

Price: US$ 385.00

AIC 32 Liability Claim Practices

Topics Covered

AIC 32 Segment A Topics:

• Overview of liability claims
• Coverage issues with homeowners and commercial liability policies
• Determining legal liability

AIC 32 Segment B Topics:

• Premises liability
• Product liability
• Investigation liability claims
• Coverage disputes

AIC 32 Segment C Topics:

• Evaluating and valuing liability claims
• Settling liability claims
• Managing litigation

Course Level

Intermediate

Suggested Self-Study Time

5-7 weeks

Price: US$ 385.00

AIC 31 Property Claim Practices

Topics Covered

AIC 31 Segment A Topics:

• Property insurance basics
• Property insurance: valuation, limits, and conditions
• Loss adjustment process
• Loss investigation

AIC 31 Segment B Topics:

• Good-faith investigation and coverage defenses
• Fraud investigations
• Fundamentals of estimating
• Fundamentals of residential construction

AIC 31 Segment C Topics:

• Merchandise losses
• Business income losses
• Specialty losses

Course Level

Intermediate

Suggested Self-Study Time

5-7 weeks

Price: US$ 385.00

AAI 83 Agency Operations and Sales Management

Learn how to build strong customer relationships.

Topics

AAI 83 Segment A Topics:

• Agency formation and environment
• Organizational management
• Agency sales management
• Personal production plans

AAI 83 Segment B Topics:

• Producer-insurer relations
• Public image of the insurance agency
• Agency growth and customer communications
• Market segmentation and target marketing

AAI 83 Segment C Topics:

• Managing agency information technology
• Agency customer service management
• Agency financial management

Course Level

Intermediate

Suggested Self-Study Time

5-7 weeks

Price: $ 465.00

CPCU 560 Financial Services Institutions

Understand the unique risks faced by financial services institutions.

CPCU 560 is an elective, not a requirement of the CPCU program.

Topics Covered

• Introduction to financial markets and institutions
• Determinants of interest rates
• Interest rates and security valuation
• The Federal Reserve System, monetary policy and interest rates
• Financial Markets

Course Level

Intermediate

Suggested Self-Study Time

6-8 weeks

Price: US$ 356.00

ARM 56 Risk Financing

Understand the various types of risk financing techniques.

Topics Covered

ARM 56 Segment A Topics:

• Introduction to risk financing
• Estimating hazard risk
• Transferring hazard risk through insurance
• Self-insurance plans

ARM 56 Segment B Topics:

• Retrospective rating plans
• Reinsurance
• Captive insurance
• Contractual risk transfer

ARM 56 Segment C Topics:

• Transferring financial risk
• Transferring hazard risk to the capital markets
• Allocating costs of managing hazard risk

Course Level

Advanced

Suggested Self-Study Time

5-7 weeks

Price: $ 388.00

ERM 57 Enterprise Risk Management

Gain knowledge of risk management and enterprise risk management principles and practices

Topics Covered

ERM 57 Segment A Topics:

• Introduction to enterprise risk management
• Enterprise risk management in an organization
• ERM framework and process
• Risk oversight

ERM 57 Segment B Topics:

• Strategic planning and ERM
• Risk-based performance and process management
• Internal audit and control
• Regulation and compliance

ERM 57 Segment C Topics:

• Risk assessment and treatment
• Risk modeling
• Risk-based capital allocation
• Risk management environment and culture

Course Level

Advanced

Suggested Self-Study Time

7-9 weeks

Price: $ 688.00

 

ARe 144 Reinsurance Principles and Practices

Understand how reinsurance concepts directly apply to our industry.

Topics

• Introduction to reinsurance
• Types of reinsurance and reinsurance program design
• The reinsurance placement process
• Common reinsurance treaty clauses
• Quota share treaties
• Surplus share treaties
• Property per risk excess of loss treaties
• Casualty excess of loss treaties
• Catastrophe reinsurance
• Aggregate excess of loss treaties
• Reinsurance audits
• Reinsurance regulation
• Reinsurance aspects of the NAIC annual statement
• Loss reserving methods

Course Level

Intermediate

Suggested Self-Study Time

7-9 weeks

Price: $ 390.00

Ethics

• To satisfy the CPCU ethics requirements, you must either pass the 50-question exam in the free online Ethics 312 module OR have completed the CPCU 510-Foundations of Risk Management, Insurance, and Professionalism course by March 15, 2011.

• The CPCU Code of Professional Conduct notes ongoing professional education as a core value for every CPCU. The Institutes are currently formalizing the process for CPCUs to report their continuing education activities.

Experience

To earn the CPCU designation, in addition to completing the education requirements, you must:

• Matriculate with The Institutes by completing a form and submitting a fee-- this registers you as a CPCU designation candidate and requires you to abide by the CPCU Code of Professional Conduct. It is recommended that you matriculate as early as possible in your CPCU studies. You will receive a link to the matriculation form when you register for your first exam.

• Before earning the CPCU Designation, you must be able to show that you were engaged for a minimum of 17 1/2 hours a week in acceptable insurance activities for any 24 months during the five-year period immediately preceding the conferment of the designation.  

 

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