Major Topics Covered in this Diploma Program include:

Module 1 - Nature and Purpose of Insurance

• Risk, what risk involves, types of risks, losses from risks, risk and insurance, insurance aims
• The main function of insurance, compensation or indemnity, insurance and law
• Insurable risks, uninsured risks, risk control methods, subsidiary benefits of insurance
• Contracts, the six essentials of a genuine contract, insurance contracts

Module 2 - Insurable Interest and Utmost Good Faith

• Classes of insurance business, categorisation by object or event, subject-matter
• Insurable interest explained and defined, the legal position, insurable interest and life insurance
• Utmost good faith, legal obligations, insurers and proposers, material facts, facts which must be disclosed
• Void and voidable contracts, nondisclosure, concealment, warranties, representations

Module 3 - Indemnity

• Indemnity defined, the contract of indemnity, forms of indemnity, value at the time of loss
• Applications of the principal of indemnity, total and partial loss, replacement or reinstatement policies, underinsurance
• Subrogation defined and its purpose, rights in damaged property, intercompany agreements, waiver of subrogation
• Contribution, risk insured under two or more policies, timing and avoidance of contribution, specific market agreements

Module 4 - Proximate Cause, Physical and Moral Hazard

• Types of perils, insured perils, excepted perils, uninsured perils
• Proximate cause defined, related causes or events, practical examples, consequential loss, claims,
• Moral hazards, fraud, carelessness, circumstances, steps to reduce bad moral hazards
• Physical hazard, examples, steps to reduce bad physical hazards

Module 5 - Proposal Forms and Policies

• Buyers and sellers of insurance, proposers and insurers, methods of selling insurance, stages in buying insurance
• Proposal forms, formats, the questionnaire, the declaration, layout and contents, information required:
• Offer and acceptance, premiums, proof of insurance cover, cover notes, certificates of insurance
• Policies, their sections and what those contain, endorsements, legal interpretation of policies

Module 6 - Premiums, Renewals and Claims

• Underwriting, factors, average claims experience and values, the proposer’s characteristics
• Premiums, rating risks, life and non-life insurance premiums, financial reserves
• Renewals, the meaning and process, considerations, renewal premiums, no-claim bonuses, excess explained
• Claims handling, proof of loss, claims forms, claims settlement and payments, claims disputes, non-payments, average

Module 7 - Transportation Insurance

• Marine insurance, hull and cargo insurance, marine liability damage, time and voyage policies
• Aviation insurance and policies, cover and liability, passengers, third parties, aircraft manufacturers, airport owners/operators
• Transit insurance, overland transport, liability of hired carriers, floating policies
• Motor insurance, types of policies, motorcycle policies, commercial vehicles and fleet policies and premiums

Module 8 - Property, Accident, Pecuniary and Liability Insurances

• Property insurance, fire policies, household policies, buildings and contents, commercial and office policies, stock and business loss policies
• Accident insurance, industrial, contractors, burglary, money, goods, travel, sports, engineering and computer insurances
• Pecuniary insurances, fidelity guarantee, legal expenses policies, credit and business interruption policies, mortgage indemnity
• Liability insurances, negligence, nuisance, trespass, statutory and contractual liabilities, employers liability insurance, public liability insurance

Module 9 - Insurances of the Person

• Social security/national insurance, state benefits, unemployment, sickness/health care, maternity leave, pensions, annuities
• Personal accident/sickness/health insurance, private medical/health care insurance, group and employees accident schemes, factors affecting personal insurance
• Travel insurance, sports insurance, mortgage protection, types of life Insurance, endowment policies, protection of specified people insurances

Module 10 - The Insurance Market

• Personal and business buyers, sellers of insurance, Lloyds underwriters, underwriting members
• Insurance companies, limited liability companies, mutual and captive insurance companies, tariff and non-tariff insurers
• Intermediaries/middlemen, insurance agents, the ‘Law of Agency’, insurance brokers, building societies, other lenders and retailers, direct selling and convenience for buyers
• Reinsurance, needs for and methods of reinsuring, faculative and treaty reinsurance, reinsurance pools

Module 11 - Organisation & Management of Insurance Companies

• Centralised and decentralised, regional or zonal organisations, semi-autonomous branches, branches and claims
• Insurance company executives, the board of directors and duties/responsibilities, managers, personnel and training, organization charts, branch and specialist staff
• Insurance funds, types of funds, reserves, investment of insurance company funds, investment policy aims
• Insurance and the economy, assisting a country’s economy, development, balance of payments, imports and exports

Module 12 - Supervision and Regulation of Insurance

• The ‘promissory’ nature of insurance, insurance as an intangible product, effects of insolvency of insurers on policyholders and third parties
• The need for regulation, consumer protection, stability of insurers, buyers’ understanding, national and economic interests
• Self-regulation, acts and statutes, authorisation of insurers, supervision of authorised insurers, solvency margins
• Examples of legislation about policyholders protection, insurance brokers, financial services, insurance standards, financial services authorities, insurance ombudsman schemes

WHAT IS INCLUDED IN THE MODEST CIC FEE

 Your CIC Fee includes:-

• Your enrolment/registration with Cambridge International College, and your own high-quality, professionally produced and illustrated comprehensive International CIC Study & Training Publications.
• A detailed, professional ‘Study & Training Guide’ with full instructions on how to study to achieve success and gain top results.  The Guide includes detailed advice on how to answer Self-Assessment Tests, Training Tests and Examinations.
• Self-Assessment Tests and Recommended Answers for them, and a Progress Chart.
• Two Progress/Training Tests (which can be used as ‘Past Papers/Questions’) with an optional Tutorial Support Service.
• The Final Examination sat under Invigilation/Supervision in your own area - full details, guidance and explanation of how your Examination will be arranged and how Invigilation is conducted will be provided when you register.  Note, CIC arranges Examinations in over a hundred countries worldwide for thousands of Members every year; it is a flexible, straightforward process and will be arranged when YOU are ready to write your Examination.  (An Assignment Option via email is available instead of an Exam in exceptional circumstances which prevent you being able to sit an Exam, such as due to a new outbreak of 'Covid-19' (Corona) virus or a similar pandemic; or due to an outbreak of war or hostilities in your area.)
• The prestigious Cambridge International College Diploma on successful completion of your Study & Training and on passing the Final Examination.
• Your personal pages on CIC’s Member Services website with access to results, despatch details, advice and guidance, and more: www.cambridgeinternationalcollege.co.uk
• Regular information and news including: Newsletters with details of special offers and new Programs and much more; and Competition Forms; by email and post.

Everything needed for your Study & Training success is included in the CIC Fee.

Additionally:

• Further Study and Training Advice, and Assistance is available before, during and after CIC Study & Training; Members may ask CIC’s team of experienced Consultants for advice on further study and Programmes to improve career prospects and advancement. 
• CIC’s experienced and helpful staff can assist with numerous special requests, such as reference/recommendation letters and transcripts, and more, by post and email.

• Health & Safety in the Workplace Diploma 12 months (flexible)

This Program is mainly designed for those looking to enter, or who are already involved in, the insurance field, and to provide them with knowledge and understanding in order to become effective insurance personnel and insurance sectional, departmental or business managers.  However, any manager, executive or business person also needs an understanding of the principles, benefits and operations of insurance, so having such knowledge will boost career prospects and ensure greater respect.

This Program is also a core subject in, and/or pathway to further related studies in insurance and risk, and management & administration generally.

There is a wide range of options for further study - see the "Related Courses" section for suggestions - which include Honours Diplomas, ABA & Baccalaureate Programmes, and the 'Double Award' EBA & BBA Bachelor degree Programme.  You are welcome to ask the College for advice, and of course you can see details of these Programmes on this website.

Extra note: This Program is also the approved Program of the Insurance Institute of East Africa - see the NEWS, AFFILIATES, COMPETITIONS section of the CIC website for more details.