Risk Based Underwriting Course

Risk Based Underwriting Course

Foundation | 5 days | Face to Face / Online / Elearning | Certificate
01

Course Overview

Course Summary
Course Title Risk Based Underwriting Course
Organization Tech For Development (T4D)
Venue Tech For Development (T4D) Training Centre
Duration 5 days
Target Industries
Target Job Roles
Course Fees (Face-to-Face) USD 1,500/KES 99,000 (Exclusive of VAT)
Course Fees (Virtual) USD 1,000/KES 70,000 (Exclusive of VAT)
Training Modes Virtual and face-to-face training
Payment Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course
Accreditation Tech For Development Certificate of Course Completion

Introduction

Insurance Business can succeed by proper access to and use of authentic detailed underwriting and claims data.  This is a prerequisite to successful move to freedom in market.  Kenyan market should compile / share sufficient and detailed data required for actuarial analysis and pricing.  Rating based on limited data could mean a repeat of the 1994 marine experience.  The communication and negotiation skills for service and efficiency will have a prominent role in new environment.   Underwriting, an individual company’s prerogative; can be used as a tool for marketing and profitability of operations.

Duration

5 Days

Who Should Attend

Underwriters, Compliance Officers, Officers In charge of Claims Dept., Officers of IT Dept., Officers of Underwriting Audit Department and such other officers

Course Objectives

  • Acquaint with underwriting knowledge in specific lines – Fire, Marine, Engineering, Motor (auto), Miscellaneous Liability, Health.
  • Understand relevance of actuarial practices for sound and prudent underwriting
  • Impact of changing scenario in on Reinsurance build up
  • Acquire an integrated view of underwriting and related insurance operations
02

Course Modules

Course Outline

  • Actuarial Application in Non-Life Insurance
  • Pricing of  Products and new riders
  • Identification of data needs, collection of data; Analysis & Valuation
  • Risk Inspection as a tool for greater understanding of risk
  • Evaluating risk:  Hazard & Hazop Analysis
  • Evaluation of Proposals, Reporting of risk to the company
  • Training Underwriter: Classes of Risks for internal lines
  • Identification of rating factors for every subclass
  • Rating of risk and determining the terms and conditions of cover – quoting rates
  • Internal audit of underwriting policy & philosophy
  • Reinsurance as a tool for better underwriting
  • IT Requirements in prudent underwriting
  • Methods for Data Compilation – Centralized data warehouse, data extraction and analysis
03

Course Administration

Methodology

Instructor-led sessions use a blended learning approach combining presentations, guided practical exercises, web-based tutorials, and group work, delivered by seasoned industry experts. All facilitation and course materials are in English, so participants should be reasonably proficient in the language.

Accreditation

Upon successful completion of this training, participants will be issued a Tech For Development Certificate of Course Completion

Training Venue

The training will be held at the Tech For Development Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.

Accommodation & Airport Transfer

Arranged upon request.For reservations contact the Training Officer:
Email: [email protected]
Phone: (+254) 790 824 179

Tailor-Made

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our T4D Training Centre or at a convenient location.

Payment

Payment should be transferred to the T4D account through a bank on or before the start of the course. Send proof of payment to [email protected].

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Date Cost
2026 Schedules
Nairobi
23 Nov - 27 Nov
KES 99,000 |
$1,500
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14 Dec - 18 Dec
KES 99,000 |
$1,500
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Kigali
Addis Ababa
Kuala Lumpur
Accra
Cairo
Pretoria
Cape Town
Johannesberg
Zanzibar
Arusha
Kisumu
Dubai
Mombasa
Nairobi
Nakuru
Machakos
Naivasha
Kampala