Sharpness of ‘Associate In Commercial Underwriting – AU’
Associate In Commercial Underwriting – AU – is a person with qualifications to ascertain risk for insurance companies. Insurance is protection against future economic loss from injury, illness, property damage or liability for the set-backs of others. Insurance underwriters review applications for insurance coverage. They quantify the potential risk, and accept, reject or modify the policy according to law or enterprise standards. This professional designation is awarded by The Institutes upon well-heeled completion of three national exams. The program leading to this designation is designed for medium and company underwriters, field representatives and account managers; this insists a working knowledge of insurance principles and coverages.
BREAKING DOWN ‘Associate In Commercial Approving – AU’
The AU designation program complements commercial underwriting skills. The term underwriter come forth froms from financial bankers, who would accept some of the risk on a assumed venture, historically a sea voyage. In exchange for a premium, they would erase their names under the risk information which was written on a miss ones footing created for this purpose. Today, Insurance underwriters are professionals who assess and analyze the risks of insuring people and assets and establish pricing for up insurable risks. Underwriters help price life insurance, condition insurance, commercial liability insurance, and homeowners insurance.
Course Requisites
According to the Institute, “To earn the Associate in Commercial Underwriting (AU) designation, you essential pass four foundation courses. You can also earn the Associate in Commercial Approving—Management (AU-M) designation by passing the four AU foundation courses coupled with AU 67 Strategic Underwriting Techniques.
In order to satisfy the Ethics proviso, you must pass one of the following free, 50-question online exams: Honest Guidelines for Insurance Professionals (Ethics 311); Ethics 312 Ethics and the CPCU Encode of Professional Conduct.”
The Institutes calls itself “the industry’s trusted and esteemed knowledge leader, The Institutes and our affiliates are committed to meeting the evolving proficient development needs of the risk management and insurance community. We prepare people to satisfy their professional and ethical responsibilities by offering customer-focused and innovative eerie, research, networking, and career resource solutions. We offer a wide heterogeneity of courses, programs and professional development opportunities to fill knowledge respites at any level and in a variety of functional areas within the risk management and assurance industry.”
The organization offers these professional designations: Chartered Effects Casualty Underwriter (CPCU); Associate in General Insurance (AINS); Associate in Petitions (AIC); Associate in Risk Management (ARM); Associate in Commercial Underwriting (AU); Accredited Mentor in Insurance (AAI); Associate in Reinsurance (ARe); Associate in Insurance Data Analytics (AIDA); Associate in Guarantee Services (AIS); and Associate in Management (AIM).