Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: AICP-0143 Organization's ID: CPCU 555-G Organization: American Institute For Chartered Property Casualty Underwriters/The Institutes Location: Classroom-based Length: 12 weeks (48 -- 72 hours) Dates Offered: 1/1/2014 - 12/31/2016 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Graduate 3 Insurance or Business Management As of January 2014, students may not receive credit for both this course and Personal Risk Management and Property-Casualty Insurance (CPCU 555). Description Section 3 Content Section 3 Content Left Section 3 Content Right Objective: The course objective is to enable the student to understand the personal risk management process and to apply that process to a detailed study of personal property-liability insurance exposures and coverage forms, and to understand the various factors that contribute to a positive result in insurance industry operations. Learning Outcomes: Evaluate the effectiveness of legislation in protecting the insurance consumer Explain how insurers identify the need for a new product Describe the key components of underwriting profit/loss Evaluate personal property and liability loss exposures, and through the use of the risk management process recommend risk management techniques, including the use of insurance, that could be used for dealing with those exposures Explain various personal insurance forms and policy endorsements Explain what exposures are covered and what are limited or excluded under certain forms Describe risk management techniques, other than insurance, that can be used to manage personal loss exposures Explain the steps in the portfolio re-underwriting process General Topics: Personal risk management The personal auto insurance environment Personal auto insurance-liability Medical payments and uninsured motorists (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 Instruction & Assessment Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Case Studies Classroom Exercise Discussion Methods of Assessment: Examinations Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Other offerings from American Institute For Chartered Property Casualty Underwriters/The Institutes Addressing Commercial Liability Risk (AICP-0052) Addressing Commercial Property Risk (AICP-0051) Claims in an Evolving World (AICP-0127) Connecting the Business of Insurance Operations (AICP-0053) Developing Personal Insurance Solutions (AICP-0098) Evaluating Commercial Underwriting Risks (AICP-0139) Exploring Reinsurance Products and Transactions (AICP-0104) Holistically Assessing Risk (AICP-0158) Impacting the Bottom Line of Insurance Financials (AICP-0056) Increasing Your Insurance IQ (AICP-0156) View All Courses Page Content