What is insurance Underwriting? Interested in becoming an Underwriter? Are you an Underwriter hoping to advance your career? Does your team require Underwriting training and development? If so, discover and explore LOGiQ3's Underwriting Training Program.
LOGiQ3 offers a one-of-a kind underwriting training program to the North American underwriting community and those who need to understand underwriting in more detail. It is an intensive program, covering all facets of risk selection available in both a traditional classroom setting, and as of 2012, an E-Learning solution.
New to 2012, we are pleased to offer the opportunity for underwriters to learn at their own pace, anywhere, anytime, through our state of the art E-Learning platform.
We have trained over 95 underwriters since we first introduced this program on April 23, 2007!
Unique to our training program is the option of a mentoring and co-signing program. This service is most suitable to the new underwriting graduate introduced into the production underwriting department. We alleviate the burden that co-signing can bring to your existing resources by assisting you with this task, providing you with an evaluation report which tracks the progress of the graduate and assists you with granting the initial approval limit.
Who is our Underwriting Training Program Best Suited For?
Our underwriting training program is best suitable for:
- Underwriters of all levels; New/Entry Level, Junior, Intermediate, and Senior
- Underwriters looking for continuing education or advancing to the next experience level
- Life Insurance Advisors - we have designed a program specifically to suit the needs of life insurance advisors. Learn more about our Life Advisor Underwriting Support services.
- Graduates with disciplines in Finance, Accounting, Health & Life Sciences, Kinesiology, and Medicine seeking for a career in Underwriting
- Our program can be delivered for individuals or as a corporate solution
The classroom program is usually taught to new underwriting trainees and is geared to junior and intermediate underwriters who require the in-depth knowledge of the impairment to reach the next level of underwriting. At the same time it has been shown to have great value to the claims adjudicator and distribution support team.
This course will run over six to eight weeks (depending on the classroom size), with a majority of the time spent in our classroom. Students who successfully complete this course go back to their organizations willing, capable and excited about continuing their underwriting career.
A minimum of five students are required to hold a class. Please contact us if you would like to be put onto our classroom training list.
Building upon the success of the classroom course, E-Learning is taking training to the next level. With anytime, anywhere access, all the learner needs is a web browser and is able to train on their schedule at their own pace. As there are no travel expenses, E-Learning reduces training costs compared to classroom courses.
Frequent knowledge quizzes and case studies are designed to check the learner's understanding and ensure that the information is being retained. By using 'real' cases and having the learner interact with real underwriters, this training process prepares the learner for life in an underwriting department.
Regardless of training method, our mentoring services can assist you with the transition of the new graduate trainees into the production environment of the underwriting department.
Medicine is progressing in leaps and bounds and medical advances and new treatments and diagnostic techniques can affect how a risk is underwritten. LOGiQ3 is committed to learning and continuing education for the underwriter. Keeping underwriters knowledgeable and up to date is another way of managing the risk in your organization. Blending the theory with the practical is an effective teaching tool and provides the desired results.
Our E-Learning solution is currently limited to existing underwriters looking for targeted learning in specific topics. Our full training program is being developed on our E-Learning platform. Get in touch with us to find out more or request an E-Learning demo.
For those who want to experience the benefits for traditional classroom training and our E-Learning platform have the option to customize a hybrid solution that combine both training methods with selected courses delivered through our E-Learning platform.
In July 2012, LOGiQ3 completed our first hybrid program, it was a huge success. We are happy to customize a solution for all your individual or corporate training needs.
Interested in how our 2012 graduating class did? Download this case study.
We offer a range of pricing options which vary depending on the method of training; Classroom, E-Learning or Hybrid and these options can be further tailored to the client’s needs.
Pricing options include:
- ‘Pay-as-you-learn’ – where the student pays for each training module separately.
- Course – where students pay for a course (a collection of modules) which offers discounts over the pay-as-you learn model. This option is most suitable for new students with no underwriting experience.
- Licenses – where organizations pay for multiple students/geographies to access the underwriting training program for a period of time i.e. annually