Define the origin of insurance and its development up to the present time. Describe the nature of insurance and its mode of operation.

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1 1- Introduction to Insurance (WO1/IF1/SAMA) Introduction to Insurance (W01 / IF1) Define the origin of insurance and its development up to the present time. Explain the basic elements of the insurance industry. Describe the nature of insurance and its mode of operation. Explain why the business of insurance protects society. Demonstrate an understanding of insurance terms and concepts Identify the benefits of insurance and insurance market in Saudi Arabia. Describe the major types of insurance providers available in Saudi Arabia market Define the nature and main features of risk Explain the concept of risk and risk perception. Illustrate the risk management function and process. Explain the nature and main features of insurance. Define the basis of insurance as a risk transfer mechanism. Analyze the main classes of insurance. Build the structure and main features of the insurance market. Illustrate the main legal principles governing the making of an insurance claim. Define the main legal principle governing insurance contract Define insurable interest and its application Describe the principle of utmost good faith applies to contracts of insurance State how the principle of proximate cause applies to insurance Define indemnity and illustrate its application to insurance contract Describe the principle of contribution and when and how it applies to the sharing of claim payments between insurers

2 Discuss the principle of subrogation and its application to the insurance contract Discuss some of the famous case law related to the principles of insurance. History and origin of insurance and its development up to the present time. Basic elements of the insurance industry. The nature of insurance and its mode of operation Explain why the business of insurance protects society Demonstrate knowledge of basic insurance principle State the nature and function of the documentation used in insurance Explain the characteristics of the insurance contract Define and identify the characteristics of various types of insurance policies Discuss insurance pooling system Discuss how insurance functions Discuss the equitable contribution and why it is important for insurance to be fair for everyone Discuss the types of insurance companies and intermediaries and other independent bodies associated with insurance Insurance market in Saudi Arabia and insurance regulation. How studies of insurance profession can help in future career Describe the concept of risk Illustrate the characteristics of various categories of risk Outline the components of risk Describe need for insurance, pooling of risk, benefit of insurance, risk sharing Define risk management Explain the process of risk management Describe the steps involved in the risk management Explain the alternate risk management technique Outline alternate risk transfer mechanism Demonstrate the risk assessing loss exposures Explain the risk management check list, charts, emergency management plan. o Upon completion of this training course student s can sit for CII Award in General Insurance (W01) or Insurance Foundation Course (IF1) certificate exams. o For training CII /SAMA materials will be used

3 2- Regulations of Insurance (WO1/SAMA) Regulations of Insurance(W01 / SAMA) 1. Describe the role of regulators in the insurance industry 2. Discuss the importance of establishing and maintaining capital adequacy 3. Outline the main features of anti money laundering 4. Discuss fraud and its implication 5. Explain the ethical standard and suitability 6. Describe the internal control system 7. Explain Saudi Arabian Monetary Agency (SAMA) - Insurance Law 8. Describe the Saudi Arabian Monetary Agency (SAMA) Insurance Implementing Regulations and Supervision Regulations. 9. Discuss Market Code of Conduct Regulations (MCCR).. Role of the regulator: The role of the regulator in the insurance industry - The international standard setting body for the insurance industry, the IAIS - The international standard setting body in relation to financial crime, the FATF - The different types of regulatory approaches (including principles-based,risk-based and Prescriptive-based regulation) - Prudential and market conduct regulation; - Tools used by regulators to supervise the industry. Capital adequacy: The importance of establishing and maintaining capital adequacy -The different approaches to capital adequacy -The relationship between capital adequacy and solvency controls levels. Anti money laundering and counter terrorism financing: The regional and global problem - The FATF definition of money laundering - Know your client: the main principles. Fraud: The different types of fraud faced by insurers; - Fraud management by the insurer. Ethical standards and Suitability: The scope and operation of the CII ethical code of practice in broad outline. - The objectives of fit and proper requirements and the risks of unsuitability. Internal control system: Risk management frame works outlined - The role of compliance

4 and audit; - Establishing a customer complaints procedure. Saudi Arabian Monetary Agency (SAMA) - Insurance Law Supervision Law on Supervision of Cooperative Insurance Companies Article 1 to Article 25 Saudi Arabian Monetary Agency ( SAMA) Insurance Implementing Regulation and Supervision Regulations: Outsourcing Regulation for Insurance and Reinsurance Companies and Insurance Service Providers - The Unified Compulsory Motor Insurance Policy - Antimoney Laundering & Combating Terrorism Financing Rules - Investment Regulations - Online Insurance Activities Regulation - Insurance Intermediaries Regulation - The Regulation of Reinsurance Activities Regulations for Supervision and Inspection Costs - Risk Management Regulation - Anti Fraud Regulation for the insurance companies - Insurance Market Code of conduct Regulations - Implementing Regulations. The role of the regulator in the insurance industry o The international standard setting body for the insurance industry, the IAIS. Prudential and market conduct regulation o The international standard setting body in relation to financial crime, the FATF. The importance of establishing and maintaining capital adequacy. o The relationship between capital adequacy and solvency controls levels. The regional and global problem. The FATF definition of money laundering o The different types of fraud faced by insurers o Fraud management by the insurer. The scope and operation of the CII ethical code of practice in broad outline. The objectives of fit and proper requirements and the risks of unsuitability. o Risk management frameworks outlined o The role of compliance and audit o Establishing a customer complaints procedure o Upon completion of this training course student s can sit for CII Award in General Insurance (W01) or Insurance Foundation Course (IF1) certificate exams. o For training CII/SAMA materials will be used

5 3- Basics of Motor Insurance (IF5/SAMA) Basics of Motor Insurance (IF5) 1. Apply the principles contained within motor insurance to a given set of circumstances 2. Understand the legal and regulatory considerations for motor insurance 3. Apply the legal and regulatory principles for motor insurance to a given set of circumstances 4. Understand risk assessment, rating and underwriting for motor insurance 5. Apply the principles contained within risk assessment, rating and underwriting for motor insurance to a given set of circumstances 6. Apply the principles of information and communication technology as this relates to motor insurance to a given set of circumstances o Fundamental of motor Insurance o Types of motor insurance o Types of motor Insurance polices o Provision of EU Directives applicable to motor Insurance o Motor Insurance third party rules and laws o Legal and regulatory principles for motor insurance o Saudi Insurance Law in respect of Third Party Claims o Saudi Insurance Law for property damage and bodily injury compensation o General principles of rating and underwriting individual risks in motor insurance o Rating and underwriting consideration specific to private motor cars, motorcycles, commercial vehicles and motor fleet o Upon completion of the training of this course, trainees could further study Motor Insurance Products to sit for CII Certificate in Insurance exam. o Trainers are CII qualified teachers /Members. o For training CII/SAMA materials will be used o The course will prepare you to sit for CII IF5- Motor Insurance exam

6 4- Motor Insurance Products (IF5/SAMA) Motors Insurance Products(IF5) 1. Define the market place for motor insurance products 2. Illustrate the scope of cover provided by motor insurance products 3. Apply the principles contained within the scope of cover provided by motor insurance products to a given set of circumstances 4. Understand claims procedures for motor insurance products 5. Apply the principles of claims procedures for motor insurance to a given set of circumstances 6. Analyze the information and communication technology as this relates to motor insurance. o Fundamental of motor Insurance products o Types of motor insurance products o Types of motor Insurance polices o Understand the market place for motor insurance products o Motor Insurance products in Saudi Arabia o Describe the legal position of employees using their own and their employers motor vehicles in the conduct of company business o Describe in broad outline, the scope and general effect of the Insurance Business sourcebook(icobs) as it relates to the administration of o Conduct of motor insurance o Explain the ethical considerations in the transaction of motor insurance products o Upon completion of the training of this course, trainees could study Basics of Motor Insurance Basics of health insurance and health insurance products to appear for CII certificate in Insurance exam. o For training CII /SAMA materials will be used o The course will prepare you to sit for CII IF5- Motor Insurance exam

7 5- Basics of Health Insurance (IF7/SAMA) Basics of Health Insurance (IF7) 1. Illustrate the structure of the healthcare insurance market 2. Explain the key features of healthcare provision in the Saudi Arabia and overseas 3. Understand risk assessment, rating and underwriting considerations 4. Apply the principles of risk assessment, rating and underwriting considerations to a given set of circumstances 5. Know the principles contained within law and regulation. o Fundamental of Health Insurance o Health Insurance A perspective of Saudi Arabia o Types of Health Insurance polices o Understand the structure of the health care insurance market o Basics principles of health insurance o Understand the key features of healthcare internationally provision in the Saudi Arabia and overseas o Health Insurance Market o Describe the key features of healthcare insurance provision in Europe, USA, Australia, Asia,South Africa and Arab countries o Upon completion of the training of this course, trainees could study Motor Insurance Products basics of motor insurance and Health Insurance product to appear for CII Certificate in Insurance exam. o For training CII materials will be used o The course will prepare you to sit for CII IF7- Health Insurance exam

8 6- Health Insurance Products (IF7/SAMA) Health Insurance Products (IF7) 1. Define the healthcare product types 2. Explain the different roles and responsibilities of intermediaries and providers 3. Understand the claims function. 4. Apply the principles of the claims process to a given set of circumstances 5. Illustrate the legal and regulatory considerations. o Fundamental of Health Insurance Products o Health Insurance Products A perspective of Saudi Arabia o Function of Health Insurance o Understand health care product types o Main features of health insurance products o Understand the different roles and responsibilities of intermediaries and providers o Marketing of Health Insurance Products o Understand the claims function o Upon completion of the training of this course, trainees could study Basics of Motor Insurance Basics of health insurance and motor insurance products to appear for CII certificate in Insurance exam. o For training CII/SAMA materials will be used o The course will prepare you to sit for CII IF7- Health Insurance exam

9 7- Fundamentals of Insurance Law (P05/SAMA) Fundamentals of Insurance Law (P05) 1. Illustrate the nature and sources of law and legal system. 2. Describe the concept of legal personality. 3. Explain the principles of the law of tort and the characteristics of the main Torts. 4. Understand the law of contract. 5. Describe the law of agency and its application to insurance. 6. Depict the main principles governing the formation of insurance contracts. 7. Explain the terms of insurance contract and the effect of a breach of an insurance contract term by the insured and of other vitiating factors. 8. Point up the main legal principles governing the making of an insurance claim. 9. Tell how losses are measured and how the principle of indemnity applies to insurance claims. o Nature and Sources of Law and Legal System o Nature and Sources of Law and Legal System in Insurance, Exercise Questions o Concept of legal personality o Exercise Questions o Concept of legal personality in Insurance o Exercise Questions o Corporate Law o Understand the principles of the law of tort and the characteristics of the main torts. o Exercise Questions o Features of Contract law. o Offer acceptance and consideration o Principles of the law of tort and the characteristics of the main torts o Exercise Questions o Functions of the law of Contract o Significance of Law of Contract o Limitations of the law of contract o Understand the main principles governing the formation of insurance contracts o Exercise Questions o Upon completion of the training of this course, trainees could study Insurance Finance Practice, Insurance, Finance, and Application of Insurance Law to appear for CII Diploma in Insurance certificate exam.

10 o For training CII/SAMA materials will be used o The course will prepare you to sit for CII P05- Insurance Law exam

11 8- Application of Insurance Law (P05/SAMA) Application of Insurance Law (P05) 1. Illustrate the law of agency and its application to insurance. 2. Show the creation of an agency. 3. Prove the classification of insurance contracts terms and apply this problem situation. 4. Confirm the main principles governing the formation of insurance contracts. 5. Explain the terms of insurance contracts are classified and the effect of a breach of an insurance contract term by the insured and of other vitiating factors. 6. Demonstrate the main legal principles governing the making of an insurance claim. 7. Analyze how losses are measured and how the principle of indemnity applies to insurance claims. o Understand the law of agency and its application to insurance o Understand the law of agency and its application on parties of the contract. o Exercise Questions o Understand how the terms of insurance contracts are classified,exercise Questions o Insurance Law and its implications on insurance o Effects of a breach of an insurance contract term by the insured and of other vitiating factors. Exercise Questions o Understanding the main legal principles of insurance claims o Contract law and its implication on the insurance claims, Exercise Questions o Consideration and offer and acceptance in insurance, Exercise Questions o Negligence and tort and its application under the claims o Understand how losses are measured and how the principle of indemnity applies to insurance claims. o Understand the famous case law relating to the claims, Exercise Questions o Understand the indemnity principles and its application o Understand the contribution principles and its application o Understand the proximate cause principles and its application o Understand the subrogation principles and its application, Exercise Questions o Upon completion of the training of this course, trainees could study Insurance Finance Practice, Insurance, Finance, and Fundamental of Insurance Law to appear for CII Diploma in Insurance certificate exam. o For training CII /SAMA materials will be used o The course will prepare you to sit for CII P05- Insurance Law exam

12 9- Insurance and Finance (P92/SAMA) Insurance and Finance (M92/P92) 1. Define the structure of the insurance industry. 2. Recognize the management of insurance industry. 3. Apply the main aspects of corporate governance. 4. Role of common functions within insurance organizations. 5. Understand accounting principles and practices and their application. 6. Understand the main practices of insurance company accounts. 7. Analyze businesses using financial ratios. 8. Understand the financial strength of insurance companies. o Structure of the insurance industry o Management of Insurance Business o Exercise Questions o Levels of Management in Insurance o Exercise Questions o Management of Insurance Business o Management Techniques in Insurance o Aspects of corporate governance o Role of common functions within insurance organizations o Role of common functions within insurance organizations o Upon completion of the training of this course, trainees could study Insurance Finance Practice, Fundamental of Insurance Law and Application of Insurance Law to appear for CII Diploma in Insurance certificate exam. o For training CII /SAMA materials will be used o The course will prepare you to sit for CII M92/P92 - Insurance Business & Finance Practice

13 10- Insurance Finance Practices (P92/SAMA) Insurance Finance Practices (M92/P92) 1. Illustrate the accounting principles and practices and their application. 2. Show the main practices of insurance company accounts. 3. Analyze businesses using financial ratios. 4. Evaluate the financial strength of insurance companies. o Understand the accounting principles and practices and their application o Understand the application of insurance accounting o Basics principles of finance o Understand the main principles of insurance company accounts o Accounting debit and credit system o Understand the main principles of insurance company accounts o Analyze business using financial ratios o Time value of money o Understand the balance of trade o Understand the invisible earning creating by insurance o Cash flow statements of insurance company o Fund flow statements of insurance company o Interpretation of Profit analysis o Understand the financial strength of insurance companies o Upon completion of the training of this course, trainees could study Insurance Finance Practice, Fundamental of Insurance Law and Application of Insurance Law to appear for CII Diploma in Insurance certificate exam. o For training CII/SAMA materials will be used o The course will prepare you to sit for CII M92/P92 - Insurance Business & Finance Practice

14 11- Insurance Broking (P81/SAMA) Insurance Broking (P81) 1-Explain the key aspects of the regulatory and legal environment within brokers operate 2-Clarify the role of the broker in meeting client needs 3-Simplify the role of the broker in the negotiation and placing insurance contacts 4-Explicate the role of the broker in selecting insurers 5-Illustrate the role of the broker in the design and operation of insurance program 6-Analyze the role of the broker in the claims negotiation, collection and payment process o Explain key aspects of the regulatory and legal environment within brokers operate o Describe how the low of agency applies insurance brokers in respect of the various roles they could undertake o Define the scope of the FCA and key relevant regulatory definitions o Explain the role of the broker in meeting client needs o Broking Business Structure o Describe the approach to demands and needs suitability statements o Describe the functions of broker. o Understand the role of the broker in the negotiation and placing insurance contacts o For training CII /SAMA materials will be used o The course will prepare you to sit for CII P81- Insurance Broking exam

15 12- Underwriting Practice (P80/SAMA) Underwriting Practice(P80) 1. Describe key aspects the legal and regulatory environment of underwriting 2. Know the main influence on underwriting 3. Cite the underwriting policy and practice 4. Mention to the main statistical techniques of measuring risks and relationships and their application to insurance 5. Declare the role and significance of reinsurance 6. Analyze the principles and practice of risk pricing o Explain the relationship between underwriting and capital and solvency requirements o Implications of writing international business o The corporate underwriting strategy o The different types of underwriting strategy o The importance of moral and physical hazards in setting an underwriting policy o The marketing strategy use of branding, distribution channels and commissions. o Liaison between underwriting and claims functions, especially reserving Understand the main statistical. o General principles of rating and underwriting individual risks in motor insurance o For training CII /SAMA materials will be used o The course will prepare you to sit for CII P80- Underwriting Practice exam

16 13- Claims Practice (P85/SAMA) Claims Practice (P 85) 1. Know key aspects of regulatory environment of insurance claims 2. Determine the existence of cover 3. Conclude the importance and uses of claims information 4. Terminate the investigate and determine indemnity or liability 5. Analyze the effective negotiation and settlement of claims. o Know key aspects of regulatory environment of insurance claims o Key elements of FCA regulation, Treating customers Fairly o Regulation of outsourcers and third party administrators o Provision of EU Directives applicable to motor Insurance o Insurance and EU laws o Application of fundamental policy conditions o Insurance and Policy Conditions o For training CII/SAMA materials will be used o The course will prepare you to sit for CII P85- Claims Practice exam

17 14- Personal Insurance (P86/SAMA) Personal Insurance(P86) 1. Illustrate the general market practices of Household Insurance 2. Show the policy cover and rating considerations of Household Insurance 3. Demonstrate the policy cover and rating considerations of other Household Insurances 4. Display the main claims procedures for Personal lines, including relevant case law 5. Present the settlement of claims under Personal lines, including relevant case law 6. Analyze the main aspects of the business environment of Personal Insurances o Fundamental of Personal Insurance o general market practices of Household Insurance o Explain the basic cover available o Risk assessment factors o Risk Categorization o The policy cover and rating considerations of Household Insurance o Risk Rating Factors o The meaning of subsidence,heave and landslip and how insurers handle the resulting issues o Training Certificate will be provided having CII and KAU logo o For training CII/SAMA materials will be used o The course will prepare you to sit for CII P86 - Personal Insurance exam

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