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IFCE Insurance Foundation Certificate Examination

 

IFCE Insurance Foundation Certificate Examination

Key Features

  • Learn from anywhere in the world. Connect with an Instructor in real time.
  • Attend Live Class from a PC or Mobile.
  • Ask questions from an Instructor in real time over voice & chat.
  • Includes Certificate of Completion.
  • Official Exam & Certification Assitance.
  • Get 30 Days free after class support.

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Course Description

About the Course

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:

  • To be aware of,
  • To have knowledge of and
  • To understand.

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

Course Curriculum

IFCE Insurance Foundation Certificate Examination

Objectives

  • The specific objectives are as follows:
  • prepare students with basic foundation knowledge of insurance in order to develop a better understanding of insurance practice.
  • To apply the technical and practical skills needed in starting a career in the insurance industry.
  • To obtain knowledge to improve the selling, underwriting, investigating or assessing losses of insurance products to the public.
  • To appreciate the importance of business ethics with special reference to insurance

Target Audience

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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