API 320: Evaluating and Underwriting Personal Lines Risks

Overview Skills You'll Gain Exam Prep Tools FAQs

Overview

Better serve your customers by learning how to properly tailor personal lines coverages to each of their unique loss exposures and needs. After completing API 320, you’ll be able to effectively market personal insurance through a variety of strategies, understand how technology is changing the personal lines market, and more.

6-8 WEEKS

Experienced

Skills You'll Gain

Apply various personal lines marketing strategies so you can successfully promote the right products and services to your customers.

Make informed business decisions that positively impact the bottom line by effectively analyzing the factors that affect pricing and profitability.

Ensure your organization maintains a competitive edge through an enhanced understanding of how emerging technologies are changing the personal lines market.

Confidently evaluate personal auto and residential loss exposures to ensure producers and customers are making proper coverage determinations.

Ready-Made Career Skills:

Personal Insurance
Underwriting
Personal Lines Auto
Product Marketing
Risk Management
Competitive Strategies

Assignments

Assignment 1:

Connecting Personal Risk Management and Technology

20 Minutes

Assignment 2:

Marketing Personal Lines Products

30 Minutes

Assignment 3:

Underwriting Personal Lines Products

15 Minutes

Assignment 4:

Analyzing Personal Auto Risks

20 Minutes

Assignment 5:

Assessing Residential Property Risks

30 Minutes

Assignment 6:

Evaluating Unique Personal Exposures

20 Minutes

API 320 comes with proven, comprehensive study materials to help you take 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. Plus, 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.
Discussion Boards: Understand how concepts you're learning apply to real-life, professional experiences by connecting, gaining tips, and sharing best practices with other individuals in your field.
Flashcards: Test yourself on key terms with printable flashcards to help you fit studying into your busy schedule.

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Sample API in just 30-45 minutes to make sure it's the right fit for you.

Does this course give me credit toward The Institutes Designations?
- Yes! API 320 gives you credit toward the Associate in Personal Insurance (API™) and Associate in Insurance (AINS®) designations.
How long does the course take?
- API 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?
- Course materials include the online course, printable study outline, practice quizzes, flashcards, discussion boards, and a simulated 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

*Exam windows that close on a weekend will be extended to the following business day.