The AMII Level 1 & AMII Level 2 designed to prepare individual for the technical knowledge and practical skills at an operational level, as well as those who are looking to build a career with a future technical, supervisory role and managerial role.

Insurance Principles and Market Practice



SUBJECT SYNOPSYS

This subject provides an overview of the basic principles of insurance, and an introduction to insurance practice, insurance principles, beginning with frequently used terms and their definitions as used in the industry as well as types of general and life insurance. This module illustrates the insurance process and its need, the type of insurance products available, and the applicability in different situations.

LEARNING OUTCOMES

  • Illustrate the basic insurance products
  • Illustrate the legal and regulatory framework of the Malaysian Insurance industry, their principles and practices.

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Insurance Operations and Finance



SUBJECT SYNOPSYS

The module shall provide the knowledge and understanding about the insurance businesses and how it operates. Topics cover in the module are the structure, the management and main aspects of corporate governance of insurance businesses, other common functions within insurance organisations, the main accounting principles and practices of insurance company accounts, the use of financial ratios to assess businesses and the financial strength of insurance companies

LEARNING OUTCOMES

  • Illustrate the structure, management and main aspects of corporate governance of insurance businesses
  • Illustrate the common functions within insurance organisations
  • Illustrate the main accounting principles and practices of insurance company accounts
  • Demonstrate the use of financial ratios to assess businesses
  • Demonstrate the financial strength of insurance companies

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Legal Principles



SUBJECT SYNOPSYS

This module will provide the knowledge and understanding of the general legal framework and system in Malaysia. Topics cover are the Malaysian legal system, the concept of legal personality, the principles of the law of tort and the characteristics of the main torts, the law of contract and the law of agency.

LEARNING OUTCOMES

  • Illustrate the Malaysian legal system
  • Illustrate the concept of legal personality
  • Illustrate the principles of the law of tort and the characteristics of the main torts
  • Illustrate the law of contract
  • Illustrate the law of agency

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Elective subjects

Insurance Claims



SUBJECT SYNOPSYS

The module shall provide the knowledge and understanding of key aspects of the regulatory environment of insurance claims, how to establish cover exists under the policy and how to gather information, determine indemnity or liability and how to negotiate and settle claims. Topics cover are the key aspects of the regulatory environment of insurance claims, determination of the existence of cover under the policy, the importance and uses of claim information, determination of the extent of the indemnity or the liability and the effective negotiation and the settlement of the claims.

LEARNING OUTCOMES

  • Demonstrate and understand key aspects of the regulatory environment of insurance claims
  • Examine how to determine the existence of cover under the policy
  • Demonstrate and understand the importance and uses of claim information
  • Discover and understand how to determine the extent of indemnity or liability
  • Demonstrate and understand the effective negotiation and settlement of claims

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Insurance Underwriting



SUBJECT SYNOPSYS

The module shall provide the knowledge and understanding about the business, regulatory and legal environment of underwriting, the main influences on underwriting strategy, principles and practices of risk pricing. Topics covers are the key aspects of the regulatory and legal environment of underwriting, the main influences on underwriting and underwriting policy and practice, the main statistical techniques of measuring risks and relationships and their application to insurance, the role and significance of reinsurance, the principles and practices of risk pricing and the market research, product development and challenges ahead

LEARNING OUTCOMES

  • Illustrate key aspects of the regulatory and legal environment of underwriting, the main influences on underwriting and underwriting policy and practice.
  • Demonstrate and understand the main statistical techniques of measuring risks and relationships and their application to insurance
  • Demonstrate and understand the role and significance of reinsurance
  • Illustrate and understand the principles and practices of risk pricing
  • Demonstrate the market research, product development and challenges ahead

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Commercial Property and Business Interruption



SUBJECT SYNOPSYS

The module shall provide the knowledge and understanding of the structure of the main risks to commercial property, policy cover and market practices of commercial property and business interruption insurances and risk perception, assessment and underwriting issues associated with these insurances.

LEARNING OUTCOMES

  • Discover the risk of fire and other contingencies to property
  • Appraise and understand the risk of theft to property
  • Appraise and understand the cover provided under property insurance
  • Appraise and understand the principles and the main practices of property insurance
  • Appraise the main aspects of business interruption insurance, risk perception, assessment and underwriting of property and business interruption insurances

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Personal Lines Insurance



SUBJECT SYNOPSYS

The module shall provide the knowledge and understanding of the market practices of household insurance, policy cover and rating considerations of household insurance and other personal insurances, main claims procedures for personal lines and main aspects of the business environment.

Topics covers are the general market practices of household insurance, policy coverage and rating, the policy coverage and rating consideration of house-owners insurance, the policy coverage and rating considerations of personal accident-policy cover and rating considerations, private medical insurance and other personal insurance products, the main claims procedures for personal lines, including relevant case law and the settlement of claims under personal lines, including relevant case law and the main aspects of the business environment of personal insurances

LEARNING OUTCOMES

  • Demonstrate the general market practices of household insurance, policy coverage and rating, the policy coverage and rating consideration of house-owners insurance
  • Demonstrate the policy coverage and rating considerations of personal accident-policy cover and rating considerations, private medical insurance and other personal insurance products
  • Demonstrate the main claims procedures for personal lines, including relevant case law and the settlement of claims under personal lines, including relevant case law
  • Demonstrate the main aspects of the business environment of personal insurances

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Motor Insurance



SUBJECT SYNOPSYS

The module shall provide the knowledge and understanding of the risks and legal considerations associated with motor insurance, scope of cover for motor car, motor cycle and commercial motor insurances, key market practices related to motor insurance, main underwriting considerations and claims practices related to motor insurance.

LEARNING OUTCOMES

  • Illustrate the nature of and main factors impacting on motor risk, the scope of cover available for motor cars, motor cycles, commercial vehicles and other motor risks
  • Illustrate and understand the practices of motor insurance, including documentation
  • Appraise and understand to risk perception, evaluation and underwriting of motor insurance
  • Appraise the claims considerations, use of information technology and procedures of motor insurance

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Liability Insurance



SUBJECT SYNOPSYS

The module shall provide the knowledge and understanding about the risk associated with public liability insurance, products liability insurance, professional indemnity insurance, directors’ and officer’ liability, employers’ liability and related statutory cover like SOCSO, management and evaluation of liability risk and consideration of liability underwriting.

LEARNING OUTCOMES

  • Discuss the nature of employer’s liability risk, the cover and practices of employers liability insurance
  • Discuss the risks, cover and practices of public and product liability insurance
  • Discuss the risks, cover and practices of professional indemnity, directors’ and officers’ liability insurance
  • Demonstrate and understand the management and evaluation of liability risk and the main considerations of liability underwriting

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MII@PODCAST
MII@E-LEARNING
e-learning

PARTNER AND AFFILIATE

Bank Negara Malaysia   Asian Institute of Finance The General Insurance Association of Malaysia   Life Insurance Association of Malaysia   Association of Malaysian Loss Adjusters   Malaysian Takaful Association   ASEAN Insurance Training and Research Institute   Malaysian Financial Planning Council   National Association of Malaysian Life Insurance Fieldforce and Advisers   Financial Sector Talent Enrichment Programme   Islamic Banking and Finance Institute Malaysia  

Asian Institute of Chartered Bankers   Insurance Services Malaysia   Securities Industry Development Corporation   Finance Accreditation Agency   MITBA