Basic Broker Operations Part Two
Finishing this series we visit our second instalment of Underwriting skills. We also review reinsurance, subscription policies and parametric rating plans.
One Hour CE Approved
British Columbia Saskatchewan Manitoba
Underwriting Part II
Learn practical ways to influence commercial insurance premiums through experience rating, stronger renewal submissions, claims management, documentation, safety programs, and early underwriter engagement.
Reinsurance & Subscription
Review why commercial property policies use exclusions, how reinsurance differs from subscription policies, and why package policies became popular for small and mid-sized commercial risks in Canadian brokerage practice.
Parametric Rating
Learn how parametric insurance uses objective triggers, catastrophe modelling and predefined payouts to respond quickly to weather and catastrophe losses, while managing basis risk.
About the course
This course provides brokers with a practical review of advanced commercial underwriting and risk financing concepts. Participants examine renewal strategy, experience rating, loss history, underwriting signals, and how strong submissions can improve underwriting outcomes. The course explores reinsurance, subscription placements, exclusions, and package policies, including their roles in commercial risk placement. The course concludes with parametric insurance, including measurable triggers, payout structures, basis risk, data verification, and its role as a complementary risk-financing tool.
Meet Your Instructor
For more than four decades, Todd Hochban has worked with Canadian insurance brokers, helping them better understand property and casualty insurance through practical, real-world education. As a seasoned educator, industry speaker, and course developer, he has trained thousands of brokers across Canada, translating complex insurance concepts into clear, actionable learning. Every BrokerBytes course is designed with one goal in mind: to provide practical knowledge that brokers can immediately apply in conversations with clients, underwriting submissions, and claims situations. Rather than focusing on theory alone, these lessons emphasize the issues brokers encounter every day. Whether you're new to the industry or building on years of experience, BrokerBytes delivers concise, focused learning designed for today's busy insurance professional.