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Commercial Property Insurance

Course Status: In Development Courseware Features
Course Language: English  
Course Duration: 3 Hours  
Deployment Options: Online, Interactive CDs, Network, Downloads, Intranet  

Audience
Business professionals including sales reps, consultants, legal specialists, buyers, and anyone else new to the insurance industry
Prerequisites
Users should have a base-level understanding of the insurance industry
Course Aim
To help the user gain a better understanding of what this form of insurance is, what components make up a policy, and the reasons why companies need to have this type of insurance. This course explains what commercial third-party loss coverage is, the frequency and severity of this product, the limits and deductibles, as well as the factors that affect the pricing of a policy and the underwriting standards that need to be in place.
Learning Objectives
After taking this course, the student should be able to
define the product and list its attributes
list the product differentiation points
list the geographic product attributes
describe significant product trends
describe PwC’s product perspective and future outlook
list the product evolution within a FS firm
list sales channels for the product
describe how the product is regulated and why
list factors which determine cost and price
list the product risk factors and explain how a FS firm manages them
Topics Covered
Product Overview
Attributes, differentiation
Geographic considerations
Trends, future outlook
Business Processes
Product evolution in a FS organization
Sales channels
Regulatory issues
Valuation
Factors determining price
Cost – elements and drivers
Risks and Benefits
Risks to the FS firm
How FS firms manage costs
Benefits to the FS


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