Direct Link to The Institute of Banking for Free Information and Material in English.
Free Insurance Foundation Certificate Examination English Material Source
Excellent and strong team of Willis Saudi Arabia - during the four day training session for IFCE examination by Mr. Mohammed Sadullah Khan, Chartered Insurance Practitioner, Faculty Member, Institute of Banking at Ramada Hotel, Al-Khobar.
Course Content & Syllabus:
Module 1: To understand how Insurance operates
1.1 To understand the meaning of risk
1.2 To have knowledge of the categories of risk
1.3 To understand insurable risks
1.4 To have knowledge of uninsurable risks
1.5 To understand how insurance transfers risks
1.6 To understand how insurance operates through the pooling of risk
1.7 To understand and distinguish perils and hazards
1.8 To understand the benefits of insurance
1.9 To be aware of the purpose of reinsurance
1.10 To be aware of co-insurance and self-insurance
1.11 To have knowledge of how an insurance company operates.
Module 2: To understand the principles underpinning Insurance practice
2.1 To understand Utmost Good Faith
2.2 To understand Insurable Interest
2.3 To understand Indemnity
2.4 To understand Subrogation
2.5 To understand Contribution
2.6 To understand Proximate Cause
Module 3: To have knowledge of the Regulations of Insurance in Saudi Arabia
3.1 Why the insurance and protection/savings industry needs to be regulated.
3.2 An historical background and the birth of a new industry in the Kingdom
3.3 Regulation of insurance in the Kingdom of Saudi Arabia
Module 4: To understand the procedures required to underwrite risks.
4.1 To understand the need for material facts
4.2 To understand physical and moral hazards and the use of warranties
4.3 To have knowledge of the need for and content of proposal forms and broker’s slips
4.4 To have knowledge of the need for and the content of surveys
4.5 To understand quotations
Module 5: To understand the insurance market and its place in the economy
5.1 To understand the structure of the insurance market and how buyers can be classified
5.2 To have knowledge of the differences between types of insurance intermediaries
5.3 To be aware of the distribution channels
5.4 To be aware of the role of ancillary players in the insurance
Module 6: To understand the need for documentation
6.1 To understand the content of proposal forms and the content and structure of policy forms
6.2 To have knowledge of the need for and the content of warranties and endorsements
6.3 To have knowledge of cover notes and certificates of insurance and understand the differences between them
6.4 To have knowledge of the need for and the content of claim forms
6.5 To have knowledge of the need for and the content of renewal invitations
Module 7: To understand Market Code of Conduct Regulation
7.1 Introduction to MCCR ( Market Code of Conduct Regulation)
7.2 General Requirements
7.3 Conduct Standards
7.4 Appendix
The Institute of Banking is a pioneering Institution engaged in Banking and Insurance education. It has provided the material free of cost, which is downloadable at the following site,
http://www.iobf.org/page.aspx?key=exams&lang=en
Free Insurance Foundation Certificate Examination English Material Source
Excellent and strong team of Willis Saudi Arabia - during the four day training session for IFCE examination by Mr. Mohammed Sadullah Khan, Chartered Insurance Practitioner, Faculty Member, Institute of Banking at Ramada Hotel, Al-Khobar.
Starting from left - Mr. Mirza Shafatulla Baig, Branch Manager, Jeddah, Mr. Mohammed Sadullah Khan, Faculty Member, Riyadh Mr. A. Jagannathan, Assistant General Manager, Al-Khobar Mr. Johnson Kodiat, Al-Khobar, Assistant Manager, Mr. Jupitar Baskaran, Jeddah Branch.
Starting from left - NITIN ABRAHAM,ALI NASSER AL HADRY,MOHD ASHRAFUDDIN,PHILIP DUNN, NOUSHAD HAMEED, MIRZA SHAFATULLA BAIG , JOHNSON KODIAT, MOHAMMED SADULLAH KHAN, MOHAMED ARIF,RADHAKRISHNA PILLAI, MOHD KALEEM KHAN, ISHAG TESFAMICHAEL, JUPITER OHLM BASKARAN, MOHD ABU FAISAL, A. ABDUR RAHMAN, CHERIAN C JOHN (not in the picture).
Course Content & Syllabus:
Module 1: To understand how Insurance operates
1.1 To understand the meaning of risk
1.2 To have knowledge of the categories of risk
1.3 To understand insurable risks
1.4 To have knowledge of uninsurable risks
1.5 To understand how insurance transfers risks
1.6 To understand how insurance operates through the pooling of risk
1.7 To understand and distinguish perils and hazards
1.8 To understand the benefits of insurance
1.9 To be aware of the purpose of reinsurance
1.10 To be aware of co-insurance and self-insurance
1.11 To have knowledge of how an insurance company operates.
Module 2: To understand the principles underpinning Insurance practice
2.1 To understand Utmost Good Faith
2.2 To understand Insurable Interest
2.3 To understand Indemnity
2.4 To understand Subrogation
2.5 To understand Contribution
2.6 To understand Proximate Cause
Module 3: To have knowledge of the Regulations of Insurance in Saudi Arabia
3.1 Why the insurance and protection/savings industry needs to be regulated.
3.2 An historical background and the birth of a new industry in the Kingdom
3.3 Regulation of insurance in the Kingdom of Saudi Arabia
Module 4: To understand the procedures required to underwrite risks.
4.1 To understand the need for material facts
4.2 To understand physical and moral hazards and the use of warranties
4.3 To have knowledge of the need for and content of proposal forms and broker’s slips
4.4 To have knowledge of the need for and the content of surveys
4.5 To understand quotations
Module 5: To understand the insurance market and its place in the economy
5.1 To understand the structure of the insurance market and how buyers can be classified
5.2 To have knowledge of the differences between types of insurance intermediaries
5.3 To be aware of the distribution channels
5.4 To be aware of the role of ancillary players in the insurance
Module 6: To understand the need for documentation
6.1 To understand the content of proposal forms and the content and structure of policy forms
6.2 To have knowledge of the need for and the content of warranties and endorsements
6.3 To have knowledge of cover notes and certificates of insurance and understand the differences between them
6.4 To have knowledge of the need for and the content of claim forms
6.5 To have knowledge of the need for and the content of renewal invitations
Module 7: To understand Market Code of Conduct Regulation
7.1 Introduction to MCCR ( Market Code of Conduct Regulation)
7.2 General Requirements
7.3 Conduct Standards
7.4 Appendix
The Institute of Banking is a pioneering Institution engaged in Banking and Insurance education. It has provided the material free of cost, which is downloadable at the following site,
http://www.iobf.org/page.aspx?key=exams&lang=en
Good Blog.
ReplyDelete