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Insurance Foundation Certificate Examination (IFCE)

LEORON Professional Development Institute
Training overview
Professional Course
Classroom
5 days
From 4,770 USD
Start dates
Riyadh
4,770 USD
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Course description

Insurance Foundation Certificate Examination (IFCE)

Getting to know the basics of insurance is a key requirement for those joining the industry, irrespective of the role, that is in a customer servicing role, or a claims handling role, or any other role.

Understanding the principles upon which insurance is founded, the nature of risk, the structure of the market and its various players, the key skills of underwriting and claims, how a policy is built and the main types of insurance are all vital parts of ensuring that a person, joining the insurance industry for the first time, is ready and competent to start their role.

Gaining a good understanding of the words and terms used in insurance can help to explain an industry that can be known for its difficult terms.

This highly participative 5-day programme is intended for those new to the insurance industry or undertaking a technical role for the first time. It is designed to promptly guarantee a good basic understanding of insurance and how it works in today’s fast changing insurance industry. There are three knowledge grades used throughout the course which indicate the depth of knowledge needed for each topic.

These are:

  1. To be aware of,
  2. To have knowledge of and
  3. To understand.

The courseware contains definitions and explanations throughout together with regular short questions to check the understanding of the course.

Who should attend?

Anybody who has the desire to be an insurance technician, and/or a supervisor or manager in insurance and risk management and/or claims management setting or anybody who has recently arrived in any of these positions or has to manage risks by using the best underwriting approach or to handle claims as part of their job.

This course will be of benefit to people who are working in an insurance company, an intermediary’s office or who are managing their own claims from a non-insurance environment.

This course is designed to develop a practical working knowledge of the handling and management of claims, this course covers all insurance classes of business as indicated in the programme outline.

Prerequisites

  • Keen business sense and knowledge of Economics, Insurance and Risk Management
  • Good written and oral communication skills
  • Preferably already working in the Insurance market, or interested to take up a career in Insurance
  • Problem solving and analytical skills

Training content

  • MODULE 1: Risk And Insurance

  • MODULE 2: Legal Principles of Insurance

  • MODULE 3: Risk Underwriting

  • MODULE 4: The Insurance Market

  • MODULE 5: The Need for Documentation

  • MODULE 6: Regulation of the Insurance Industry in the Kingdom

  • MODULE 7: Market Code of Conduct Regulation (MCCR)

Certification / Credits

Course objectives

  • To prepare students with basic foundation knowledge of insurance in order to develop a better understanding of insurance practice.
  • To apply the technical and practical skills needed in starting a career in the insurance industry.
  • To obtain knowledge to improve the selling, underwriting, investigating or assessing losses of insurance products to the public.
  • To appreciate the importance of business ethics with special reference to insurance

Benefits of attending

  • Use your new knowledge to make better insurance and risk management decisions.
  • Be better positioned to offer advice and opinions related to insurance programmes.
  • Eliminate dangerous coverage gaps and provide better protection for the employer or the clients.
  • Become a more valuable employee as the employee works towards his/her career goals in insurance.
  • Gain expertise, confidence, and credibility in the insurance industry
  • Obtain a certification issued by Leoron that can be used for future prospects

Why choose Leoron?

LEORON has worked with some of the largest companies in the World - but importantly we care about the individual. Through our Customer Happiness Team we ensure that everyone who attends a LEORON course has the support before, during and after to ensure their training needs are met.

We offer the highest level of training delivery, whether that be in our live-virtual training or in-classroom sessions, with our expert instructors guiding you through everything so that you’re left feeling assured and confident to utilize your new knowledge going forward.

About Leoron

LEORON Professional Development Institute

LEORON is the fastest growing global training institute in the World, having evolved over the past 11 years into a dominant training institute that offers a comprehensive set of training and development solutions to both individuals and businesses. Our locations...


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LEORON Professional Development Institute


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