Certificate In Insurance, Module 2

Course Description

CERTIFICATE IN INSURANCE, MODULE 2

Course overview

The certificate in insurance, module 2 offered at FINSTOCK EVARSITY COLLEGE is an 8 months online program examined by CII. A certificate of completion is issued upon completion of the course.

The certificate in insurance Course is designed to equip the trainee with knowledge, skills and attitudes that will enable him/her to manage insurance functions effectively.  The technical and specialization units in the programme are designed to make the trainee acquire a wide range of skills in insurance practice. A graduate of this course will be able to work in ether formal or self-employment.

The Certificate in Insurance is a core qualification for insurance staff working across all sectors of the profession. The Certificate develops core knowledge and confidence of the key disciplines needed before you focus your subsequent studies and specialise according to your ambitions and career requirements. 

The overall goal of this certificate program is to give participants with limited exposure to insurance company financial statements and markets a systematic approach to analyze the credit risk and financial strength of life, non-life and reinsurance companies

Who's it for?

• Anyone working in specific technical claims handling or underwriting roles within a call or service centre environment

• Insurance staff employed in support functions such as human resources, marketing, IT and finance, wishing to develop an understanding of the industry in which they work

• Staff working for an organisation whose primary business is not insurance, but which offers insurance advice and products as part of its overall service to customers

This course covers the following courses:

Paper 1: motor insurance products

Paper 2: household insurance products

Paper 3: healthcare insurance products

Paper 4: packaged commercial insurances

Paper 5: customer service in insurance

What is the minimum grade required to do a certificate in insurance?

In order to enroll and study in certificate in insurance, a student should have a minimum of C- in their KCSE exams OR a relevant degree, diploma or certificate

Mode of Delivery

Home and/or office-based media employing a variety of self-instructional electronic and online self-study materials, such as; written self-instructional study modules, online interactive devices and self-tests, cloud-based content, videos of lectures mediated technical learning materials e.g., audiovisual and e-learning materials

Program goals.

• Understand professional and ethical responsibilities of insurance

• Explain the purpose and operation of insurance.

• Distinguish the risks inherent in the main products offered by life, non-life (P&C) and reinsurance companies and recognize how these are reflected in the financial statements

• Understand the key components of an insurance company’s income statement and balance sheet

• Calculate and apply some basic ratios to quantify an insurance company’s financial strength, performance and risk profile relative to Fitch Ratings financial ratio benchmarks

• Apply a structured approach to identify key risks and mitigants when transacting with insurance and reinsurance companies, and to appreciate the main methods of capital-raising by insurers

• Appreciate how economic, competitive and regulatory issues impact the risk profile, performance and financial health of an insurance company

• Understand the business and financial risks inherent in the life and non-life insurance and reinsurance industries

• Use qualitative and quantitative analysis to distinguish strong and weak performers and to detect early warning signals of deteriorating financial strength

Career opportunities

• Insurance officer

• Insurance broker

• Insurance analyst

• Financial adviser

• apprenticeship

Reasons to study this course

1. A recognized certificate that will enable one to obtain employment.

2. An additional source of income for those already engaged in other trades.

3. Increased knowledge and understanding of insurance.

4. An opportunity to meet other Kenyans and share experiences.

5. Become an insurance professional.

What we offer

Finstock Evarsity College offers a wide range of courses that are geared towards job creation as well as employment. Our courses and product offerings are categorized as online college based, degree programs, freemium courses and premium resources

Both freemium and premium online courses come with certificates of completion and you can register instantly and begin studying at your convenience.

Enroll and study in one of the best online schools in the world. Listen to the advice of the best. Participate in training sessions with industry experts to learn more about your career options. Take classes with students from all over the world. Join us at Finstock Evarsity College for the best learning experience.

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