NORTHBROOK, Ill., July 28, 2015 — UL (Underwriters Laboratories), a global safety science organization, brought together a team of over 70 insurance industry experts and, with their assistance, developed a new certificate program for risk industry professionals. This effort was a response to a request from large insurance providers such as AIG, CNA, Hanover, Liberty Mutual, Nationwide and Willis to help address the increasing retirement rate of risk professionals and the resulting knowledge loss in the insurance industry along with the reduction of industry training.

UL was approached by the insurance industry because of its independence, reputation and 120-year relationship with the industry. The program, intended for those with three to five years of industry experience, provides participants the opportunity to learn how to recognize and evaluate property related risks. The program is aligned with UL’s mission to promote safe living and working environments by supporting efforts to prevent or reduce loss of life and property.

“It’s a natural fit that UL is now providing certification for insurance related risk engineers. UL has been a longstanding partner with the insurance industry and together, for over 100 years, both have focused on protecting property and life throughout the entire world.” William Boyd, senior vice president of Risk Control

“Having a certificate program like this one will help advance staff to a higher technical level from a property standpoint, which is generally one of the more difficult lines of the insurance business, in order to find and keep employees that have that experience” said Michael Billings, vice president Risk Solutions & Premium Audit, Hanover Insurance Group

The certificate program is comprised of an online training course and a certificate exam. Both the eLearning course and the exam are based on North American building codes and standards, though the program is planned to eventually include global requirements. The eLearning consists of eight individual course modules (consisting of approximately six total hours of training material), which provide professionals newer to the industry comprehensive background knowledge relevant to property risks and serve as a good preparatory course for the certificate exam. The modules address risks such as protection, occupancy, natural hazards, exposure, construction, burglary and theft. Loss analysis and investigation are also covered. Instructor-led courses will be available starting in September.

The certificate exam has 100 questions and is offered online several times a year. Individuals who successfully complete the certificate exam will earn the “UL Certified Risk Professional – Property” designation and “UL CRP – Property” credential. The designation is good for five years and can be renewed by obtaining relevant safety related points throughout the certificate period. The program is ideal for risk engineers, risk managers, insurance carriers, agents, brokers, loss control and risk control professionals, as well as other professionals involved with insurance related aspects of property.

Please visit ul.com/crpproperty to learn more.

 

About UL

UL is a premier global independent safety science company that has championed progress for more than 120 years. Its nearly 11,000 professionals are guided by the UL mission to promote safe working and living environments for all people. UL uses research and standards to continually advance and meet ever-evolving safety needs. We partner with businesses, manufacturers, trade associations and international regulatory authorities to bring solutions to a more complex global supply chain. For more information about our certification, testing, inspection, advisory and education services, visit http://www.UL.com.