Rating Essentials
This course will begin a basic review of underwriting then turning to the future. Telematics in automobile risk and parametric rating in catastrophic risks will play major roles for years to come.
Underwriting Part One
Learn how underwriters price commercial risk, including actuarial rates, premium components, class versus individual rating, documentation, and external market forces.
Telematics
Review how telematics affects auto insurance pricing, including data collection methods, measured driving behaviours, usage-based models, privacy consent, discounts, and possible claims implications.
Parametric
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
Insurance is increasingly being shaped by technology, data, and predictive analytics. This course explores three emerging developments that are changing how risks are evaluated, priced, and financed: commercial underwriting, telematics, and parametric insurance. You'll learn how underwriters assess individual risks beyond traditional classifications, how usage-based auto insurance uses real driving behaviour to influence premiums, and how parametric policies provide rapid payments when predefined events trigger coverage. The course also examines data collection, pricing models, client consent and privacy, basis risk, underwriting submissions, and the broker's role in translating complex insurance innovations into practical advice for clients. By the end of this course, you'll be better equipped to explain modern underwriting techniques, evaluate technology-driven insurance products, and recommend innovative risk financing solutions that complement traditional insurance programs.
Your Name
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.