Associate in Personal Insurance (API™)

Gain the practical, real-world skills you need to increase your confidence in working with upper management, supervisors, peers, and clients through The Institutes' Associate in Personal Insurance (API) designation program. The program will provide you with a thorough understanding of the personal lines business, including underwriting, marketing practices, the personal insurance environment, personal insurance profitability, the product development process, and portfolio management.

With in-depth personal property and liability insurance knowledge and a focus on the personal lines business, API is the premier designation for all personal insurance professionals.

This Program Is Recommended For

• Agents
• Brokers
• Agency principals
• Customer service representatives
• Claim adjusters
• Line of business managers
• Personal lines underwriters

Course Levels

• Intermediate

Completion Time Frame

Compete the program in as little as 12-18 months.

Program Requirements

To earn the Associate in Personal Insurance (API) designation, you must choose one of the following two completion paths:

Completion Path A

API 28 Personal Insurance: Underwriting and Marketing Practices

Understand personal lines insurance principles and practices.

Topics Covered

• Introduction to personal insurance
• Marketing personal insurance
• Personal insurance underwriting
• Underwriting personal autos
• Underwriting miscellaneous vehicles
• Underwriting residential property
• Underwriting personal liability
• Underwriting personal inland marine and personal watercraft
• Underwriting personal umbrella

Course Level

Intermediate

Suggested Self-Study Time

4-6 weeks

Price: US$ 365.00

AINS 22 Personal Insurance

Learn how to effectively apply personal insurance concepts.

Topics Covered

AINS 22 Segment A Topics:

• Personal insurance overview
• Automobile insurance and society
• Personal auto policy: liability, med pay, and UM coverage
• PAP: physical damage, duties after an accident, endorsements

AINS 22 Segment B Topics:

• Homeowners property coverage
• Homeowners liability, conditions, coverage forms, and endorsements
• Other residential insurance
• Other personal property and liability insurance

AINS 22 Segment C Topics:

• Life insurance planning
• Retirement planning
• Disability and health insurance planning

Course Level

Intermediate

Suggested Self-Study Time

5-7 weeks

Price: US$ 335.00

AINS 21 Property and Liability Insurance Principles

Understand basic insurance principles and practices.

Topics Covered

AINS 21 Segment A Topics:

• Understanding insurance
• Insurers and how they are regulated
• Insurer financial performance

AINS 21 Segment B Topics:

• Marketing
• Underwriting and ratemaking
• Claims

21 Segment C Topics:

• Risk management
• Loss exposures
• Insurance policies

Course Level

Intermediate

Suggested Self-Study Time

4-6 weeks

Price: US$ 285.00

API 29 Personal Insurance: Portfolio Management

Learn how to develop personal insurance products and services.

Topics Covered

• Forces that define personal insurance products and services
• The personal insurance market
• Developing personal insurance products
• Underwriting profitability for personal insurance
• Pricing personal insurance products
• Re-underwriting personal insurance portfolios
• Portfolio management technology
• Responding to customers’ changing needs
• Responding to environmental changes

Course Level

Intermediate

Suggested Self-Study Time

4-6 weeks

Price: US$ 365.00

Completion Path B

API 28 Personal Insurance: Underwriting and Marketing Practices

Understand personal lines insurance principles and practices.

Topics Covered

Course Level

Intermediate

Suggested Self-Study Time

4-6 weeks

Price: US$ 365.00

CPCU 555 Personal Risk Management and Property-Casualty Insurance

Understand risk management techniques and how they apply to personal insurance coverages.

CPCU 555 has been revised. New materials for exams beginning on July 15, 2013, are now available for purchase. To register for an exam covering the expiring materials, please call your local affiliate or centre.

Topics

• Personal risk management
• The personal auto insurance environment
• Personal auto insurance-liability, medical payments and UM coverage
• Personal auto insurance-physical damage and endorsements
• Homeowners property coverage
• Homeowners property coverage-perils, exclusions and conditions
• Homeowners liability coverage
• Other homeowners coverage forms and endorsements
• Other residential insurance coverages
• Watercraft, RVs, mobile homes and excess liability
• Personal lines profitability and pricing
• Personal lines portfolio management

Course Level

Advanced

Suggested Self-Study Time

6-8 weeks

Price: US$ 440.00

CPCU 556 Financial Planning

Understand the financial planning process at every stage of an individual’s life.

Topics Covered

• Introduction to personal financial planning
• Life insurance
• Annuities
• Disability and health insurance planning
• Postsecondary education funding
• Retirement planning
• Retirement funding
• Estate planning
• Investment basics
• Income tax planning

Course Level

Advanced

Suggested Self-Study Time

5-7 weeks

Price: US$ 400.00

API 28 Personal Insurance: Underwriting and Marketing Practices

Understand personal lines insurance principles and practices.

Topics Covered

Course Level

Intermediate

Suggested Self-Study Time

4-6 weeks

Price: US$ 365.00

CPCU 555 Personal Risk Management and Property-Casualty Insurance

Understand risk management techniques and how they apply to personal insurance coverages.

Topics

Course Level

Advanced

Suggested Self-Study Time

6-8 weeks

Price: US$ 440.00

CPCU 556 Financial Planning

Understand the financial planning process at every stage of an individual’s life.

Topics Covered

Course Level

Advanced

Suggested Self-Study Time

5-7 weeks

Price: US$ 400.00

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