Chartered P&C Underwriter (CPCU)
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Earn Your Chartered Property Casualty Underwriter Designation!
Searching for CPCU training? Then you've come to the right place! ABTrainingCenter.com offers CPCU training and CPCU certification courses for those individuals interested in earning the prestigious Chartered Property Casualty Underwriter (CPCU) designation.
About The Chartered Property Casualty Underwriter (CPCU) DesignationThe Chartered Property Casualty Underwriter (CPCU) designation is a professional credential earned by individuals who specialize in risk management and property and casualty insurance. The required coursework is designed to provide professionals with in-depth information on concepts relating to their line of work, from risk management principles to complex policy and coverage analysis.
CPCU designees gain a broad understanding of property-casualty insurance, plus they have the option to choose either a commercial or personal risk management insurance concentration during their pursuit of the designation. The required coursework is designed to provide professionals with in-depth information on concepts relating to their line of work.
How To Earn The CPCU Designation
To earn the CPCU designation, an individual must pass a minimum of eight of the eleven courses listed below (the four foundation courses, one elective course, plus three courses from either the Personal or the Commercial concentration).
Foundation Courses
- CPCU 500 Managing Evolving Risk
- CPCU 520 Connecting the Business of Insurance Operations
- CPCU 530 Navigating the Legal Landscape of Insurance
- CPCU 540 Impacting the Bottom Line of Insurance Financials
Commercial Lines Concentration- CPCU 551 Addressing Commercial Property Risk
- CPCU 552 Addressing Commercial Liability Risk
- CPCU 553 Understanding Personal Insurance and Finance
Personal Lines Concentration- CPCU 555 Developing Personal Insurance Solutions
- CPCU 556 Planning Personal Financial Strategies
- CPCU 557 Understanding Commercial Risk
Elective Courses- AIDA 181 Big Data Analytics for Risk and Insurancent
- CYB 301 Managing Cyber Risk
- AIC 30 Claim Handling Principles and Practices
- ARe 144 Reinsurance Principles and Practices
- AU 60 Commercial Underwriting Principles
Recommended Training Options For Earning Your Chartered Property Casualty Underwriter Designation
ABTrainingCenter.com offers both self-study and online training courses for earning your CPCU designation. Though we offer basically all of the required courses, we have listed the "starter" courses for both formats below. To find the other titles, simply search under "Designations/Certifications" in the search box below for "CPCU - Chartered Property Casualty Underwriter". Good luck earning your CPCU certification!
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What Is On The CPCU Exams?
Below is a listing of the common CPCU exam topics. Remember, every CPCU exam is different, so be sure to study all topics.
CPCU 500- Introduction to risk management
- Risk assessment
- Risk control
- Risk financing
- Insurance as a risk management technique
- Insurance policy analysis
- Common policy concepts
- Big data analytics
CPCU 520- Overview of Insurance Operations
- Insurance Regulation
- Insurance Marketing and Distribution
- The Underwriting Function
- Risk Control and Premium Auditing
- The Claim Function
- Actuarial Operations
- Reinsurance Principles and Concepts
- Business Needs and Information Technology Alignment
- Insurer Strategic Management
CPCU 530- Introduction to U.S. law
- Contract law
- Contract law-insurance applications
- Commercial law
- Property law
- Tort law
- Agency law
- Agency law-insurance applications
- Business entities and employment law
- International legal environment
CPCU 540- Introduction to corporate finance and accounting
- GAAP financial statements
- GAAP financial statement analysis
- Insurer statutory accounting
- Insurer statutory annual statement analysis
- Cash flow valuation
- Bonds and stocks
- Insurer investment portfolio management
- Insurer capital needs and sources
- Capital management
- Mergers and acquisitions
- The underwriting cycle
More About The CPCU
Required CoursesTo earn this designation, you must complete specific courses. For details and a listing of the required courses, go to https://web.theinstitutes.org, which is where you order the designation courses and from whom you earn your designation.
Please note that the course listings you see here on TrainingCenter are study guides and exam prep materials, not the official designation courses.
In other words, similar to earning a college degree, you receive the degree from your college, but can use Cliff Notes or other exam prep materials to help you pass the courses to earn your degree.
While the exam prep materials shown on TrainingCenter are not required, the average pass rate with these materials is 97.3%, so they definitely are instrumental in helping to pass your certification exams on your first attempt, thereby saving you time, money, and aggravation.
CPCU Examination Requirements- Each exam is a two-hour, 85 objective question, computer-administered exam
- Your results will be provided immediately upon the completion of your exam.
- National exams are given at local testing centers during the following two-month windows:
- January 15 - March 15
- April 15 - June 15
- July 15 - September 15
- October 15 - December 15
- Exam fees will apply
- Contact Prometric testing centers at 800-266-3232 for more info or to schedule your exam
Ethics RequirementThose pursuing the CPCU designation must pass the 50-question exam in the free
Ethics and the CPCU Code of Professional Conduct online module (Ethics 312). You have a 90-day access to Ethics and the CPCU Code of Professional Conduct when you register.
Additionally, the
CPCU Code of Professional Ethics is the standard by which your ethical behavior as a candidate or CPCU designee is measured. You are subject to the Code once you sign the matriculation form, and you continue to be subject to it throughout your candidacy and after receiving the CPCU designation.
Experience RequirementsYou must submit a resume showing that you were engaged in acceptable insurance activities for any 24 months (minimum of 17 hours per week) during the five-year period immediately preceding the conferment of the CPCU designation. See the matriculation form for specific requirements. If you meet all requirements except the experience requirement, the designation will be conferred when you meet it.
CPCU Matriculation RequirementYou must matriculate (register as a candidate) with The Institutes by submitting a matriculation form and fee. You received a link to the matriculation form and fee with the registration for your first CPCU exam. You must sign a statement on the matriculation form agreeing to abide by the CPCU Code of Professional Ethics.
Continuing Education RequirementsDesignees are not required to meet continuing education requirements to retain this designation.
