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Suggested Study Flow for Learners
Suggested Study Flow - Smartonline Course
Suggested Study Flow - Smartonline Course
IMPORTANT : We have restructured and updated new Modules in Insurance Underwriting Course- September 2026. Please follow this sequence
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Module 1 : Fundamentals of Insurance Underwriting, Risk Selection & Underwriting Process
Module 1 Study Material
Lecture 1.1 Introduction to Underwriting
MCQ Lecture 1.1 Introduction to Underwriting
Lecture 1.2 Risk Assessment Techniques Used by Underwriters
MCQ Lecture 1.2.1 Financial & Actuarial Analysis
Lecture 1.3 Pricing and Rating Factors Affecting Underwriting Decisions
MCQ Lecture 1.3.1 How Underwriters Calculate Premiums
Lecture 1.4 Underwriting Guidelines & Risk Selection Process
MCQ Lecture 1.4.1 Step 1 Collect Policyholder Application Data
Lecture 1.5 Role of Technology in Underwriting & Risk Management
MCQ Lecture 1.5.1 Introduction to Technology's Role in Underwriting
Lecture 1.6 Case Study – How Underwriting Prevents Insurance Fraud
MCQ Lecture 1.6.1 Introduction to Insurance Fraud
Lecture 1.7 Professional Underwriting Decision Framework
MCQ Lecture 1.7: Professional Underwriting Decision Framework
Lecture 1.8 Underwriting Governance, Authority & Audit
MCQ Lecture 1.8 Underwriting Governance, Authority & Audit
Module 2 : Insurance Pricing, Rate Making & Premium Assessment
Module 2 Study Material
Lecture 2.1 Principles of Insurance Rate Making
MCQ Lecture 2.1 Principles of Insurance Rate Making
Lecture 2.2 Rating Approaches Used in Insurance
MCQ Lecture 2.2 Rating Approaches Used in Insurance
Lecture 2.3 Components of Insurance Premium
MCQ Lecture 2.3 Components of Insurance Premium
Lecture 2.4 Product-wise Premium Assessment - Property, Motor & Engineering
MCQ Lecture 2.4 Product-wise Premium Assessment – Property, Motor & Engineering
Lecture 2.5 Product-wise Premium Assessment - Marine, Health & Liability
MCQ Lecture 2.5 Product-wise Premium Assessment – Marine, Health & Liability
Lecture 2.6 Health Insurance Underwriting
MCQ Lecture 2.6 Introduction to Health Insurance Underwriting
Lecture 2.7 Motor Insurance Underwriting
MCQ Lecture 2.7 Introduction to Motor Insurance Underwriting
Lecture 2.8 Casualty Insurance Underwriting (Formerly Property Insurance)
MCQ Lecture 2.8 Key Risk Factors in Property Insurance
Lecture 2.9 Marine Insurance Underwriting
MCQ Lecture 2.9 Key Risk Factors in Marine Insurance
Lecture 2.10 Engineering Insurance Underwriting
MCQ Lecture 2.10 Key Risk Factors in Engineering Insurance
Lecture 2.11 Liability Insurance Underwriting
MCQ Lecture 2.11 Key Risk Factors in Liability Insurance
Lecture 2.12 Sub-Module 2.7 Real-World Case Study – The Impact of Poor Underwriting on an Insurance Company
MCQ Lecture 2.12 What Happens When Underwriting Fails
Module 3 : IRDAI Regulations, Product Governance & Underwriting Compliance
Module 3 Study Material
Lecture 3.1 IRDAI Product Regulations Affecting Underwriting
MCQ Lecture 3.1 IRDAI Product Regulations Affecting Underwriting
Lecture 3.2 Underwriting Governance, Risk Appetite and Internal Controls
MCQ Lecture 3.2 Underwriting Governance, Risk Appetite & Internal Controls
Lecture 3.3 Policyholder Protection and Fair Underwriting Practices
MCQ Lecture 3.3 Policyholder Protection and Fair Underwriting Practices
Lecture 3.4 Regulatory Case Study - Pricing Discipline
MCQ Lecture 3.4 Regulatory Case Study – Pricing Discipline
Lecture 3.5 How AI is Revolutionizing Underwriting
MCQ Lecture 3.5 What is AI in Underwriting
Lecture 3.6 AI-Powered Underwriting vs. Traditional Underwriting
MCQ Lecture 3.6 Introduction to Traditional Underwriting
Lecture 3.7 Benefits of AI-Powered Underwriting
MCQ Lecture 3.7 Major Advantages of AI in Underwriting
Lecture 3.8 Challenges & Ethical Considerations in AI Underwriting
MCQ Lecture 3.8 Key Challenges in AI-Driven Underwriting Data Privacy
Module 4 : Fire & Property Insurance Underwriting
Module 4 Study Material
Lecture 4.1 Fundamentals of Fire Insurance Underwriting
MCQ Lecture 4.1 Fundamentals of Fire Insurance Underwriting
Lecture 4.2 Construction, Occupancy, Protection and Exposure Analysis in Property Underwriting
MCQ Lecture 4.2 COPE Analysis in Property Underwriting
Lecture 4.3 Fire Survey Reports and Risk Inspection
MCQ Lecture 4.3 Fire Survey Reports and Risk Inspection
Lecture 4.4 Advanced Fire Risk Assessment
MCQ Lecture 4.4 Advanced Fire Risk Assessment
Lecture 4.5 Maximum Possible Loss, Probable Maximum Loss and Business Interruption Considerations
MCQ Lecture 4.5 MPL, PML and Business Interruption Considerations
Lecture 4.6 Fire Insurance Pricing and Premium Assessment
MCQ Lecture 4.6 Fire Insurance Pricing and Premium Assessment
Lecture 4.7 Underinsurance, Average Clause and Claim Impact
MCQ Lecture 4.7 Underinsurance, Average Clause and Claim Impact
Lecture 4.8 Fire Underwriting Case Studies
MCQ Lecture 4.8 Fire Underwriting Case Studies
Lecture 4.9 Case Study ICICI Lombard’s AI-Based Underwriting Model
MCQ Lecture 4.9 Introduction to AI in Underwriting
Module 5 : Engineering Insurance Underwriting
Module 5 Study Material
Lecture 5.1 Contractors All Risks and Erection All Risks Underwriting
MCQ Lecture 5.1 CAR and EAR Underwriting
Lecture 5.2 Machinery Breakdown and Equipment Insurance Underwriting
MCQ Lecture 5.2 Machinery Breakdown and Equipment Insurance Underwriting
Lecture 5.3 Engineering Pricing and Premium Assessment (2)
MCQ Lecture 5.3 Engineering Pricing and Premium Assessment
Lecture 5.4 Engineering Underwriting Case Study - Metro Rail Construction Project (2)
MCQ Lecture 5.4 Engineering Underwriting Case Study
Module 6 : Motor Insurance Underwriting
Module 6 Study Material
Lecture 6.1 Private Car Insurance Underwriting
MCQ Lecture 6.1 Private Car Insurance Underwriting
Lecture 6.2 Commercial Vehicle and Fleet Underwriting
MCQ Lecture 6.2 Commercial Vehicle and Fleet Underwriting
Lecture 6.3 Advanced Motor Risk Assessment
MCQ Lecture 6.3 Advanced Motor Risk Assessment
Lecture 6.4 Electric Vehicle and Technology-Based Motor Underwriting
MCQ Lecture 6.4 Electric Vehicle and Technology-Based Motor Underwriting
Lecture 6.5 Motor Insurance Pricing, Insured Declared Value and Premium Assessment
MCQ Lecture 6.5 Motor Insurance Pricing, IDV & Premium Assessment
Lecture 6.6 Motor Underwriting Case Studies
MCQ Lecture 6.6 Motor Underwriting Case Studies
Module 7 : Marine Insurance Underwriting
Module 7 Study Material
Lecture 7.1 Marine Insurance Underwriting Fundamentals
MCQ Lecture 7.1 Marine Insurance Underwriting Fundamentals
Lecture 7.2 Marine Cargo Risk Assessment
MCQ Lecture 7.2 Marine Cargo Risk Assessment
Lecture 7.3 Voyage and Route Underwriting
MCQ Lecture 7.3 Voyage and Route Underwriting
Lecture 7.4 Marine Hull Insurance Underwriting
MCQ Lecture 7.4 Marine Hull Insurance Underwriting
Lecture 7.5 Marine Pricing, Rating & Premium Assessment
MCQ Lecture 7.5 Marine Pricing, Rating & Premium Assessment
Lecture 7.6 Marine Underwriting Case Studies
MCQ Lecture 7.6 Marine Underwriting Case Studies
Module 8 : Health Insurance Underwriting
Module 8 Study Material
Lecture 8.1 Medical Underwriting Principles
MCQ Lecture 8.1 Medical Underwriting Principles
Lecture 8.2 Individual Health Insurance Underwriting
MCQ Lecture 8.2 Individual Health Insurance Underwriting
Lecture 8.3 Group Health Insurance Underwriting
MCQ Lecture 8.3 Group Health Insurance Underwriting
Lecture 8.4 Health Insurance Pricing, Loading & Premium Assessment
MCQ Lecture 8.4 Health Insurance Pricing, Loading & Premium Assessment
Lecture 8.5 Health Underwriting Scenario
MCQ Lecture 8.5 Health Underwriting Scenario
Lecture 8.6 Health Underwriting Case Study
MCQ Lecture 8.6 Health Underwriting Case Study
Module 9 : Liability Insurance Underwriting
Module 9 Study Material
Lecture 9.1 Public Liability and Product Liability Underwriting
MCQ Lecture 9.1 Public Liability and Product Liability Underwriting
Lecture 9.2 Professional Indemnity and Medical Liability Underwriting
MCQ Lecture 9.2 Professional Indemnity and Medical Liability Underwriting
Lecture 9.3 Cyber Liability and Directors and Officers
MCQ Lecture 9.3 Cyber Liability and Directors & Officers (D&O) Underwriting
Lecture 9.4 Liability Underwriting Case Studies and Risk Decisio
MCQ Lecture 9.4 Liability Underwriting Case Studies and Risk Decision
Module 10 : Underwriting Analytics, AI, Profitability & Future Trends
Module 10 Study Material
Lecture 10.1 Data Analytics in Modern Insurance Underwriting
Lecture 10.2 Artificial Intelligence in Insurance Underwriting
MCQ Lecture 10.2 Artificial Intelligence in Insurance Underwriting
Lecture 10.3 Underwriting Profitability and Portfolio Management
MCQ Lecture 10.3 Underwriting Profitability and Portfolio Management
Lecture 10.4 Future of Insurance Underwriting
MCQ Lecture 10.4 Future of Insurance Underwriting
MCQ Lecture 10.1 Data Analytics in Modern Insurance Underwriting
Module 11 : Integrated Underwriting Case Studies and Professional Decision Making
Module 11 Study Material
Lecture 11.1 Industrial Property Risk Case Study
MCQ Lecture 11.1 Industrial Property Risk Case Study
Lecture 11.2 Motor Fleet Underwriting Case Study
MCQ Lecture 11.2 Motor Fleet Underwriting Case Study
Lecture 11.3 Marine Cargo and Liability Case Study
MCQ Lecture 11.3 Marine Cargo and Liability Case Study
Lecture 11.4 Integrated Underwriting Decision Case Study
MCQ Lecture 11.4 Integrated Underwriting Decision Case Study
Final Test
MCQ - Final Test
Reference Videos, Social Media Resources
Smart Online Course Youtube Channel
Risk Management Association Youtube Channel
RMAI Facebook Page
Smart Online Course Facebook Page
Linkedin Updates
The Insurance Times - Monthly Journal
The Insurance Times October 2026
The Insurance Times September 2026
The Insurance Times August 2026
Additional Resources
Developing the Underwriting Process in Life Insurance
Underwriting Principles and Controls
Top 10 insurance industry trends shaping underwriting in 2026
2026 insurance industry report: In-depth analysis and trends
An Exploration of Underwriting in the Insurance Markets
The future of underwriting in P&C insurance
Toolkits and Templates
Underwriting cover letter template
Underwriter Form Templates
Certificate of Completion from BFSI Skill Sector Council
Please fill in this form to enable us to generate and issue your certificate once you have completed this course
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OLD Underwriting Course
Lecture 1: Principles of Underwriting & Risk Selection
Lecture 1.1 What is Underwriting?
Multiple Choice Practice Questions - Lecture 1.1
Lecture 1.2.1 Risk Assessment Techniques Used by Underwriters
Multiple Choice Practice Questions - Lecture 1.2.1
Lecture 1.3.1 Pricing and Rating Factors Affecting Underwriting Decisions
Multiple Choice Practice Questions - Lecture 1.3.1
Lecture 1.4.1 Underwriting Guidelines & Risk Selection Process
Multiple Choice Practice Questions - Lecture 1.4.1
Lecture 1.5.1 Role of Technology in Underwriting & Risk Management
Multiple Choice Practice Questions - Lecture 1.5.1
Lecture 1.6.1 Case Study – How Underwriting Prevents Insurance Fraud
Multiple Choice Practice Questions - Lecture 1.6.1
Lecture 2: Underwriting Process for Various Insurance Products
Lecture 2.1.1 Underwriting Process for Various Insurance Products
Multiple Choice Practice Questions - Lecture 2.1.1
Lecture 2.2.1 Motor Insurance Underwriting
Multiple Choice Practice Questions - Lecture 2.2.1
Lecture 2.3.1 Casualty (Property) Insurance Underwriting
Multiple Choice Practice Questions - Lecture 2.3.1
Lecture 2.4.1 Marine Insurance Underwriting
Multiple Choice Practice Questions - Lecture 2.4.1
Lecture 2.5.1 Engineering Insurance Underwriting
Multiple Choice Practice Questions - Lecture 2.5.1
Lecture 2.6.1 Liability Insurance Underwriting
Multiple Choice Practice Questions - Lecture 2.6.1
Lecture 2.7.1 Real-World Case Study – The Impact of Poor Underwriting on an Insurance Company
Multiple Choice Practice Questions - Lecture 2.7.1
Lecture 3: Role of AI & Data Analytics in Underwriting Automation
Lecture 3.1.1 How AI is Revolutionizing Underwriting
Multiple Choice Practice Questions - Lecture 3.1.1
Multiple Choice Practice Questions - Lecture 3.2.1
Lecture 3.3.1 Benefits of AI-Powered Underwriting
Lecture 3.2.1 AI-Powered Underwriting vs.Traditional Underwriting
Lecture 3.4.1 Challenges & Ethical Considerations in AI Underwriting
Multiple Choice Practice Questions - Lecture 3.3.1
Multiple Choice Practice Questions - Lecture 3.4.1
Lecture 4: Case Study – AI-Powered Underwriting at a Leading Insurer in India
Lecture 4.1 Case Study: ICICI Lombard’s AI-Based Underwriting Model
Multiple Choice Practice Questions - Lecture 4.1
Final Test
Multiple Choice Practice Questions - Final Test
Dual Certification