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.

Compulsory subjects
Insurance Law



SUBJECT SYNOPSYS

The module shall provide the knowledge and understanding of the laws which form the background to the operation of insurance, the system within which these laws operate and the ability to apply knowledge and skills to simple situations.

Topics cover are the basic legal concepts and general principles of laws, the laws relevant to insurance the system which applies these laws and the application of knowledge and skills to interpret problems/issues related to insurance law.

LEARNING OUTCOMES

  • Examine the basic legal concepts and general principles of laws
  • Examine knowledge and understanding of the laws relevant to insurance the system which applies these laws
  • Illustrate an analytical approach to the application of knowledge and skills to interpret problems/issues related to insurance law

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Insurance Business and Economics



SUBJECT SYNOPSYS

The module shall provide the knowledge and understanding of the environment in which businesses operate: the economic, operational, ethical and financial framework with particular application to the transaction of insurance business.

Topics cover are the insurance in the world economy, the relationship between the insurance business and the needs of the society, the relationship between the business and organisation with reference to insurance and the relationship between the business organisation and their financial processes.

LEARNING OUTCOMES

  • Illustrate knowledge and understanding of insurance, finance and money in the world economy
  • Illustrate knowledge and understanding of the relationship between the insurance business and the needs of the society
  • Examine the relationship between the business and organisation with reference to insurance
  • Appraise the relationship between the business organisation and their financial processes

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Elective subjects

Insurance Marketing



SUBJECT SYNOPSYS

The module shall provide the knowledge and understanding of the principles of marketing in relation to insurance, including the planning process, marketing implementation and organization and the legal considerations in relation to marketing.

Topics cover are the role and operation of marketing in the insurance industry, the marketing theory and concepts and their application to the insurance industry, the relevant information to develop a marketing strategy for insurance products and services, the implementation and delivery of the marketing strategy for insurance products and services, the marketing programme administration for insurance products and services and the key issues in international marketing for insurance products and services

LEARNING OUTCOMES

  • Appraise and understand the role and operation of marketing in the insurance industry
  • Examine the marketing theory and concepts and their application to the insurance industry
  • Appraise and understand the relevant information to develop a marketing strategy for insurance products and services
  • Examine and understand the implementation and delivery of the marketing strategy for insurance products and services
  • Appraise the marketing programme administration for insurance products and services
  • Develop and understand the key issues in international marketing for insurance products and services

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Insurance Underwriting Management



SUBJECT SYNOPSYS

The module shall provide the knowledge and understanding of and the ability to apply the requirements for managing a general insurance underwriting account through selection of class of business and design of products; setting the underwriting policy for those products; establishing the price; management of exposures; the implementation of operational controls; budgeting and monitoring results.

LEARNING OUTCOMES

  • Develop the fundamentals of underwriting in insurance.
  • Categorize the reinsurance and the development of risk premium.
  • Illustrate statistical modelling techniques in underwriting.
  • Analyse and understand how quoted premium is developed.
  • Appraise the underwriting operations in insurance companies.
  • Compose and understand the importance of budgeting and monitoring in underwriting performance.

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Takaful



SUBJECT SYNOPSYS

This elective core module is to develop the knowledge and understanding about Islamic Takaful. Islamic Takaful is the alternative form of conventional Insurance, structured under Islamic commercial law. During the last few years a lot of successful efforts have been made which led to the establishing Islamic Insurance (Takaful) as the alternative to conventional Insurance. Takaful operate on the principles of Islamic commercial law. The next decades to come will see Takaful taking the market share of conventional insurance. The principles work in a way that policy holders in Takaful are known as participants and they get shares from the surplus of their contribution, or revenue generated from investing their surplus premium. This principle is based on Islamic commercial contract of Mudarabah-Ijarah hybrid. This need to be studied, and promoted to the necessary level for apart from protecting individuals, families, and companies against catastrophic disaster, it also provide piety, and brotherhood, while guaranteeing self-sustaining economy

LEARNING OUTCOMES

  • Appraise and understand the basic takaful principles and practice within the takaful legal and regulatory framework and the comparison between takaful and insurance operations
  • Compare and understand the conceptual and practical aspects of takaful, the link between both and the differences between takaful and conventional insurance
  • Appraise and understand the various principles, concepts and underlying contracts applied in general and family takaful business

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Insurance Risk Management



SUBJECT SYNOPSYS

The module shall provide the knowledge and understanding and an appreciation of the principles and practices of risk management in order to enable production of the optimum strategy for the handling of risk in an organisation.

Topics cover are the context of risk management, risk identification and prioritisation processes, methods of risk assessment and analysis, risk controlling techniques, risk transfer and financing options, the methods of risk monitoring and review and the international risk management.

LEARNING OUTCOMES

  • Appraise and understand the context of risk management
  • Appraise and understand the risk identification and prioritisation processes
  • Examine methods of risk assessment and analysis
  • Examine and understand the risk controlling techniques in the insurance industry.
  • Analyze and understand the risk transfer and financing options
  • Appraise the methods of risk monitoring and review
  • Examine the international risk management

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Reinsurance



SUBJECT SYNOPSYS

This elective core module is to develop the knowledge and understanding of the different type of reinsurance, the global market place for reinsurance, market practices, the main aspects of property, casualty, marine and aviation reinsurance.

LEARNING OUTCOMES

  • Appraise and understand the purpose of and parties to reinsurance and the fundamental issues of reinsurance
  • Appraise the features and operation of facultative reinsurance and the features and operation of proportional reinsurance treaties
  • Document and understand the features and operation of non-proportional reinsurance treaties
  • Illustrate and understand the design of reinsurance programmes, main market practices, legal issues and the main aspects of the global reinsurance market
  • Appraise and understand the accounting methods for different types of reinsurance
  • Document and understand main aspects of property, casualty, marine and aviation reinsurances and the main aspects of the life and medical reassurance

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Insurance Claims Management



SUBJECT SYNOPSYS

The module shall provide the knowledge and understanding of the claims management in Malaysia. Topics cover are the development of claims philosophies, the implementation of claims systems, the management of claims function, the management of the claims service, and the application of claims practice transacting insurance business on an industry wide basis.

LEARNING OUTCOMES

  • Develop and understand the claims environment and claims service management
  • Develop claims technical management and claims management practice
  • Differentiate and understand the cost of claim management practice

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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