Chartered Property Casualty Underwriter

About this certification

The domain of Insurance today requires a broad understanding of emerging concepts in terms of risk management and therefore, the Chartered Property Casualty Underwriter (CPCU) credential comes into the picture. It ensures enhancement of credibility through exceptional knowledge of coverage applications, various risk transfer rules, data analysis, and more.

Average Salary Range

USA : $79,000

(Source: https://www.payscale.com/research/US/Certification=Chartered_Property_Casualty_Underwriter_(CPCU)/Salary)

India: 6,50,000 INR

(Source: https://www.payscale.com/research/IN/Certification=Chartered_Property_Casualty_Underwriter_(CPCU)/Salary)

Who Should Apply for Chartered Property Casualty Underwriter?

The Chartered Property Casualty Underwriter (CPCU) credential is the most relevant and trusted credential in risk and insurance. Agency, Brokers, Agency Principals, Claims Representatives, Line of Business Managers and Executives, Insurance Litigators, Risk Managers, and Underwriters should apply for the CPCU credential.

Benefits

1. Unmatched Acknowledgement -

The Chartered Property Casualty Underwriter (CPCU) credential is considered to be a highly prestigious and recognized certification as it involves rigorous knowledge and skills. It receives the respect and acknowledgment of everyone in the workplace.

1. Professional Goals -

All the certification holders having exemplified an extraordinary skill and understanding in the domain of Insurance and Risk Management, believe that this designation not only gives them immense recognition but also helps them achieve their career goals.

Exam details

The average completion time for Chartered Property Casualty Underwriter (CPCU) credential is 2-3 years which spreads across the following courses:

Core Courses

• CPCU 500 (4-6 weeks)

• CPCU 520 (5-7 weeks)

• CPCU 530 (5-7 weeks)

• CPCU 540 (5-7 weeks)

Commercial Lines

• CPCU 551 (6-8 weeks)

• CPCU 552 (6-8 weeks)

• CPCU 553 (5-7 weeks)

Personal Lines

• CPCU 555 (6-8 weeks)

• CPCU 556 (5-7 weeks)

• CPCU 557 (5-7 weeks)

For more details, log on to CPCU.

Recommended courses

Step I. CORE

Building a solid knowledge base.

1. CPCU 500: Managing Evolving Risks

2. CPCU 520: Connecting the Business of Insurance Operations

3. CPCU 530: Navigating the Legal Landscape of Insurance

4. ‘CPCU 540: Impacting the Bottom Line of Insurance Financials

Step II. CONCENTRATION

Selecting an area of specialty:.

1. Commercial Lines

1. CPCU 551: Commercial Property Risk Management and Insurance

2. CPCU 552: Commercial Liability Risk Management and Insurance

3. CPCU 553: Survey of Personal Insurance and Financial Planning

1. Personal Lines

1. CPCU 555: Personal Risk Management and Property Casualty Insurance

2. CPCU 556: Personal Financial Planning

3. CPCU 557: Survey of Commercial Insurance

Step III. ELECTIVES

Focus based on your career.

*Completion of one elective course is required.

1. AAI 83: Agency Operations and Sales Management

2. AAI 87: Agency Leadership and Strategic Alignment

3. AIC 31: Property Claims Practices

4. AIC 32: Liability Claim Practices

5. AIC 39: Auto Claim Practices

6. AIC  44: Workers Compensation Claim Practices

7. AIC 47:  Claims Leadership and Organisational Alignment

8. ARe 144: Reinsurance Principles and Practices

9. AU 67: Strategic Underwriting Techniques

Step IV. EXPERIENCE

Proving experience in risk and insurance.

• Matriculation

This Matriculation form highlights professional experience and officially registers a candidate as a CPCU designee.

Step V. ETHICS

Understanding ethical decision making.

1. Ethical Decision Making in Risk and Insurance

2. Ethical Guidelines for CPCUs