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
This course comes with proven, comprehensive study materials to help you take The Institutes Designations' exam with confidence:
- Interactive Online Course: Learn at your own pace through a structured learning experience and modules featuring animations, video, question/answer scenarios, and more.
- Mobile App: A flexible and convenient way for you to assess your understanding anytime, anywhere.
- Practice Questions: Test your understanding throughout the course with knowledge checks and exam practice questions designed to reinforce key concepts, identify areas for review, and help you prepare with confidence.
- Simulated Exam: Strengthen your readiness using a timed exam that mirrors the structure and difficulty of the actual exam. Students who complete the simulated exam pass at higher rates than those who don't.
- Study Outlines: Reinforce your learning with study outlines designed to help you take notes and review the material as you progress through the course, with the option to print.
- Resources: Take advantage of optional learning resources to reinforce your understanding and support your personal study routine.
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 4-6 weeks to complete.
- How is The Institutes Designations' exam structured?
- Virtual exams are timed. You will have 65 minutes to complete 50 questions.
- 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.