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CPCU program refocuses professional designations. (Property/Casualty).

The American Institute for CPCU is making major changes in its Chartered Property Casualty Underwriter professional designation program. Beginning this summer, the program will consist of eight rather than 10 courses and national examinations; require students to concentrate in either commercial or personal insurance; have an enhanced financial-services focus with the introduction of a new financial-services institutions course and a new personal financial planning course; and allow waivers for law degrees and MBA degrees.

"Specialization, a global economy, the convergence of property/casualty insurance with financial services and the growth of the alternative risk-transfer market have changed the world in which we work...Our new CPCU curriculum is based on extensive market research and discussions with senior industry leaders. It is designed to meet the evolving needs of business and personal insurance consumers," said institute President and Chief Executive Officer Terrie E. Troxel.

James J. Markham, the institute's senior vice president in charge of cur riculum, gave details of the new CPCU program. "These changes require CPCU candidates to develop a more comprehensive knowledge of how risk management and insurance fit into the total financial needs of their customers."

RELATED ARTICLE: Making the Transition

The current CPCU exams will credit for exams in the new curriculum, which are indicated in parentheses:

* CPCU 1 Ethics, Insurance Perspectives and Insurance Contract Analysis (CPCU 510)

* CPCU 2 Personal Insurance and Risk Management (CPCU 553, commercial, and CPCU 555, personal)

* CPCU 3 Commercial Property Insurance and Risk Management (CPCU 551)

* CPCU 4 Commercial Liability Insurance and Risk Management (CPCU 552)

* CPCU 5 Insurance Operations (CPCU 520)

* CPCU 6 The Legal Environment (CPCU 530)

* CPCU 7 Management (CPCU 560)

* CPCU 8 Accounting and Finance for Insurance Professionals (CPCU 540)

* CPCU 9 Economics (CPCU 560)
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Title Annotation:Chartered Property Casualty Underwriter
Comment:CPCU program refocuses professional designations. (Property/Casualty).(Chartered Property Casualty Underwriter)(Brief Article)
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 1, 2002
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