Chartered Property Casualty Underwriter - Definition
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Chartered Property Casualty Underwriter (CPCU) Definition
A Chartered Property Casualty Underwriter (CPCU) is a professional designation awarded to experts in property-casualty insurance and risk management. This credential is awarded by The Institutes to qualified risk managers, underwriters, brokers, insurance agents, and claims representatives. This professional credential is awarded to individuals who have completed a study program offered at The Institute and satisfactorily pass the examinations cover a variety of subject areas taught at The institute. Holders of CPCU must have ample experience in risk management and property-casualty insurance.
A Little More on What is a Chartered Property Casualty Underwriter (CPCU)
Chartered Property Casualty Underwriter (CPCU) is a credential that adds value to its holder. For professionals to earn the CPCU credential, they must attend classes to take the required coursework. The core topics covered in the course are insurance-related topics and risk management. In addition to taking the required course, candidates must also pass elective courses that take them through the strategies, practices, and techniques of insurance and risk management.
Course Workfor Credential
Candidates who earn the CPCU credential are those who pass the CPCU exam organized by the Institute. The exam covers all the topics in the required coursework as well as the expected ethics that professionals must live by. The Institute has strict rules on the conduct and ethics of these professionals, failure to abide by the ethics can attract certain penalties and disciplinary measures by the Institute. The institute offers qualified professionals in the risk management and property-casualty insurance industry the Chartered Property Casualty Underwriter (CPCU designation). Holders of this designation belong to the CPCU society which has a membership strength of more than 25,000 people and 130 chapters all over the world. Aside from CPCU, The Institute offers other designations such as Associate in Insurance Data Analytics (AIDA); Associate in Risk Management (ARM); Associate in Insurance Services (AIS); Associate in Claims (AIC); Associate in Management (AIM) and variety of others. As part of its commitment to improving the knowledge and expertise of practitioners in diverse fields, about 25 professional designations are offered by The Institute.
Reference for Chartered Property Casualty Underwriter (CPCU)