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AED 18.300

Home All Courses IFCE Insurance Foundation Certificate Examination
4.8

IFCE Insurance Foundation Certificate Examination

1 alternative locations available

Course Overview

Getting to know the basics of insurance is a key requirement for those joining the industry, irrespective of the role, that is in a customer servicing role, or a claims handling role, or any other role.
Understanding the principles upon which insurance is founded, the nature of risk, the structure of the market and its various players, the key skills of underwriting and claims, how a policy is built and the main types of insurance are all vital parts of ensuring that a person, joining the insurance industry for the first time, is ready and competent to start their role.
Gaining a good understanding of the words and terms used in insurance can help to explain an industry that can be known for its difficult terms.
This highly participative 5-day programme is intended for those new to the insurance industry or undertaking a technical role for the first time. It is designed to promptly guarantee a good basic understanding of insurance and how it works in today’s fast changing insurance industry.
There are three knowledge grades used throughout the course which indicate the depth of knowledge needed for each topic.

These are:

  1. To be aware of,
  2. To have knowledge of and
  3. To understand.

The courseware contains definitions and explanations throughout together with regular short questions to check the understanding of the course.

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Run This Course

Enjoy this certified

program at your premise of choice, with lower costs, and schedule that suits you best.

FULLY CUSTOMIZED

ACCORDING TO YOUR NEEDS!

5 Key Takeaways

1

Transfer knowledge about insurance in general and specific insurance lines to the participants and to encourage more discussion on the matter.

Make the participants attain skills to manage high-risk competitive insurance business environments and to offer a complete understanding at foundation level.

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3

Balance both the qualitative and the quantitative abilities to analyse insurance classes of business and associated risks and take important arrangements to minimise these risks.

Make the participant more responsive of the fast-changing insurance market locally and globally and identifying operational risks (identifying, controlling and administering), catastrophic exposures, exposures, legal risks and others.

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Encourage open discussion and more networking amongst the participants for the benefit of the Insurance industry

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See What’s Inside Our 2019 Catalog

Course Outline

DAY 1

Module 1: Risk And Insurance

After studying this module, you should be able to:

  • List the main components of risk
  • Demonstrate how insurance relates to risk
  • Identify the categories of risk
  • Compare insurable and uninsurable interest
  • Describe the relation between frequency and severity
  • Distinguish between perils and hazards
  • Describe how insurance operates as a risk transfer mechanism
  • Describe how the common pool operates
  • Identify the benefits of insurance to individuals, business and economy
  • Understand co-insurance and self insurance


DAY 2

Module 2: Legal Principles of Insurance

After studying this module, you should be able to understand the following legal principles:

  • Utmost good faith
  • define utmost good faith
  • define a material fact and describe its importance
  • describe the consequences of nondisclosure or misrepresentation
  • Insurable interest
  • define insurable interest
  • understand when insurable interest commonly arises in different classes of insurance
  • Indemnity
  • define indemnity
  • identify the policies that modify indemnity
  • Subrogation
  • define subrogation
  • understand when subrogation is applied
  • Contribution
  • define contribution
  • identify different methods of contribution
  • Proximate cause
  • define proximate cause
  • distinguish between insured, expected and uninsured perills

DAY 3

EDUCATIONAL PARTNER

LEORON - Professional Development Institute

Built upon the strong experience in the manufacturing sector, which the founders developed in Sweden during the 90’s global expansion, LEORON evolved into a comprehensive training institute, offering training and development solutions in all strategic corporate functions, including corporate finance, HR, SCM, operations, and engineering.

With strategic distribution of our offices in leading locations, such as Dubai, Riyadh, Jonkoping, Skopje, Accra, and Almaty, our team of experts delivers approximately 500 courses annually, and roughly 10000 professionals are equipped with appropriate education and the latest insights in a wide assortment of industries across the EMEA region.

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Who Should Attend?

This highly practical and interactive course has been specifically designed for:

Anybody who has the desire to be an insurance technician, and/or a supervisor or manager in insurance and risk management and/or claims management setting or anybody who has recently arrived in any of these positions or has to manage risks by using the best underwriting approach or to handle claims as part of their job.
This course will be of benefit to people who are working in an insurance company, an intermediary’s office or who are managing their own claims from a non-insurance environment.
This course is designed to develop a practical working knowledge of the handling and management of claims, this course covers all insurance classes of business as indicated in the programme outline.

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FREQUENTLY ASKED QUESTIONS

Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.

LEORON Institute partners with 20+ international bodies and associations.
We also award continuing professional development credits (CPE/PDUs) for:
1. NASBA (National Association of State Boards of Accountancy)
2. Project Management Institute PDUs
3. CISI credits
4. GARP credits
5. HRCI recertification credits
6. SHRM recertification credits

The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +971 4 447 5711 or [email protected].

The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.

Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

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