What Is an Associate in Claims (AIC)?

In the insurance industry, an associate in claims (AIC) designation signifies specialized training and skills in the handling of various types of insurance claims. It is often pursued by those working ༺in the insurance industry as claims adjusters, and it can be a valuable asset for those pursuing career advancement in the field.

Understanding Associate in Claims (AIC)

The AIC designation was developed in part by the National Association of Independent Insurance Adjusters (NAIIA). To obtain the AIC, candidates must complete a rigorous examination administered by The Institutes Knowledge Group. The average course takes six to eight weeks and the program takes nine to 12 months to complete; it is commonly undertaken by experienced 澳洲幸运5官方开奖结果体彩网:adjusters, claims supervisors, and examiners.

One of the benefits of the AIC program is that it provides insight into how the insurance claims industry operates as a whole. The AIC program operates from the perspective of a br🔥o🧸ad knowledge base, and the focus of the program goes beyond just how employers handle claims.

The program provides insight and understanding into how the industry is organized and how claims operations interact with the insurance industry, the public, and the 澳洲幸运5官方开奖结果体彩网:legal system. 

This combination of 澳洲幸运5官方开奖结果体彩网:property and casualty claim education provides a solid base from which to form or enhance a career in claims. As a nationally recognized certification, holders of the AIC designation are well-positioned to securဣe positions in the field.

If someone is already working in the insurance industry as an independent insurance adjuster, a staff claims representative, an examiner, a public ad🦩juster, or anyone else looking to move up in the insurance industry, the AIC certification may also help.

AIC Elective Course

As ܫpart of the AIC program, you are required to take one elective course. As of August 2024, there are four electiveꦿ courses to choose from. They are:

• AIC 302: Successfully Evaluating Auto Claims: Learn the key aspects of auto liability and how to handle auto claims, including analyzing policies, evaluating damages and injuries, and settling claims effectively.
• AIC 303: Successfully Evaluating Liability Claims: Master the skills needed to investigate liability claims, assess coverage, evaluate bodily injury, and interact with claimants and experts to achieve successful settlements.
• AIC 304: Successfully Evaluating Property Claims: Develop tactics for accurately valuing property and settling claims by understanding property coverages, loss causes, and the financial impacts of property loss.
• AIC 305: Successfully Evaluating Workers Compensation Claims: Gain expertise in handling workers compensation claims by understanding coverage, disability evaluation, and best practices for return-to-work and subrogation issues.

Example of Associate in Claims

Michael is a recent university graduate who is considering a career in the insurance field. Although he has a strong background in mathematics and statistical methods, Michael also has a💧 skillset well-suited to verbal communicꦆation and research activities.

After studying the insurance industry, he decides that his interests and skillset would make him well-suited for the role of insurance adjuster. To that end, he decides to pursue t𒆙he AIC designation, which is a self-study program admin🥃istered through recommended textbooks and online resources. Once he is ready, he then takes multiple exams.

Through the AIC program, Michael becomes equipped not just with technical kno𒆙w-how relating to the claims assessment process, but also with a broad base of knowledge about how the different parts of the insurance industry fit together.

After meeting the program’s rigorous requirements and passing its exam, he feels prepared to tackle the central responsibilities of the insurance adjuster role, such as assessing the likely probability and financial impact of potential losses, verifying the credibility of specific claims, and negotiating settlements with claimants.

The Bottom Line

Obtaining the associate in claims (AIC) designation allowsꦜ for further advancement in the field of insurance. It is a standardized certificate with coursework and exams that individuals looking to broaden and grow in the insurance field can complete within a year.