TKF1071 Basics of Takaful Underwriting
This module exposes participants with one of the most important parts of Takaful processes that is the underwriting function. It will cover on the objectives and basic principles of Takaful underwriting and the processes as how the Takaful operator assesses an application. Throughout the course, participants will see the underwriting process on classes of Takaful products namely Family and General and the implementation of the Shariah perspective on the underwriting process. This module also covers topics such as control mechanisms for underwriting operations and regulatory requirements that bind to the underwriting processes.
- Understand the organization of the New business and Underwriting operations from start to finish.
- Understand the underwriting philosophy and guidelines used by underwriters in assessing the applications.
- Understand the underwriting process.
- Identify the underwriting process in assessing Family Takaful’s application.
- Identify the underwriting process in assessing General Takaful’s application.
- Understand and able to classify the degree of risk of an application and selecting participants.
- Describe and discuss critically the company inter-relationships and underwriting.
All information is valid at the time of publishing. IBFIM reserves the right to make alterations to the information without prior notice.
Face-to-face: 1 day
Online Access: 3 weeks per module
Intermediate Qualification in Islamic Finance (IQIF) – Takaful
There is no examination for this module. Participants will be given the Statement of Completion upon completion of this module.
Online/ e-learning: RM680.00/ USD249.33
* Prices are exclusive of 6% GST (Goods & Services Tax). 6% GST will be imposed upon payment.
* All fees are quoted in Malaysian Ringgit (RM) only. For international participants, the fees will be converted to USD and the price may differ with consideration of the currency exchange rate to RM at the time of payment.
- Group: 3 or more participants from the same organization (valid for Corporate or Non-corporate)
- STFi Members: Special price for Islamic bankers (Malaysians only)