Society Of Chartered Property And Casualty Underwriters

What Does Society Of Chartered Property And Casualty Underwriters Mean?

The Society of Chartered Property and Casualty Underwriters is a professional organization for insurance professionals who have earned the status of Chartered Property and Casualty Underwriter. This status can only be achieved through specific education and by passing a series of rigorous exams. The society focuses on promoting education, research, and networking opportunities for chartered property and casualty underwriters.

Property and casualty is the umbrella term for two broad categories of insurance: property coverage like homeowners insurance from top-rated providers, and casualty coverage like auto liability and general liability insurance for businesses.

Insuranceopedia Explains Society Of Chartered Property And Casualty Underwriters

The Society of Chartered Property and Casualty Underwriters is based in Malvern, Pennsylvania, and has over 22,000 members. In addition to passing the required exams and completing the necessary training, members must also commit to upholding a high standard of professional ethics. Those who earn the status of Chartered Property and Casualty Underwriters are regarded as true experts in the property-casualty insurance field. The society is composed of these experts.

The companies that hire CPCUs are often the same names that show up when you compare business insurance options, since property and casualty underwriting is what determines who gets covered and at what price.