Course offered by
The Institutes Knowledge Group
APA 320: Understanding Premium Auditing
Overview
Successfully navigate the various steps within the premium auditing process to help insurers sustain profits. After completing APA 320, you’ll be able to better collaborate with insureds by effectively evaluating audit data, identify loss exposures that affect the premium audit, and more.
Skills You’ll Gain
Help insurers sustain profits and fair treatment of insureds by understanding the premium auditing process.
Better collaborate with insureds by successfully evaluating sources of audit data.
Effectively review an organization’s business operations and culture to identify loss exposures that affect the premium audit.
Create reports that assist insurers and future auditors in determining final earned premiums.
Ready-Made Career Skills:
- Auditing
- Financial Audits
- Loss Mitigation
- Financial Reporting
- Audit Reports
Assignments
Exam Prep Tools
APA 320 comes with proven, comprehensive study materials to help you pass The Institutes Designations' exam with confidence:
- Printable Study Outline: Perfect for taking notes, the printable study outline has key points for each assignment and review questions (and answers!) to help you test your knowledge as you move through the course.
- Practice Quizzes: Quickly see where your knowledge gaps are with online practice quizzes for each assignment and for the full course. You can take them as many times as you want!
- Simulated Exam: Designed to give you the full experience of your final exam, the simulated exam is a timed exam that you can take only once. It mimics the exam structure and level of questions you’ll find on the actual exam. Students who take their Institutes simulated exam pass their exams at higher rates than students who don’t.
- Flashcards: Test yourself on key terms with flashcards that help you fit studying into your busy schedule.
FAQs
- Does this course give me credit toward The Institutes Designations?
- Yes! APA 320 gives you credit toward the Associate in Premium Auditing (APA) designation.
- How long does the course take?
- APA 320 typically takes students 6-8 weeks to complete.
- How is The Institutes Designations' exam structured?
- Virtual exams are timed. You will have 65 minutes to complete 50 questions.
- What’s included in my course materials?
- In addition to the online course, you have access to a printable study outline, assignment quizzes, practice exams, and a simulated credentialing exam.
- How do testing windows work?
- We offer The Institutes Designations' exams in 4 testing windows throughout the year.* You can complete your exam at any time in the testing window that you registered for. Access your exam from your account when the window opens and complete any time until 11:59 p.m. ET on the final day of the window.
- Quarter 1: January 15 – March 15
- Quarter 2: April 15 – June 15
- Quarter 3: July 15 – September 15
- Quarter 4: October 15 – December 15
- We offer The Institutes Designations' exams in 4 testing windows throughout the year.* You can complete your exam at any time in the testing window that you registered for. Access your exam from your account when the window opens and complete any time until 11:59 p.m. ET on the final day of the window.
*Exam windows that close on a weekend will be extended to the following business day.
