Chartered Property and Casualty Underwriter (CPCU)
Definition - What does Chartered Property and Casualty Underwriter (CPCU) mean?
A chartered property and casualty underwriter (CPCU) is a professional designation in property-casualty (P&C) insurance. It is a premier title only about 2% of all insurance companies professional hold this title. These underwriters assess whether or not they should provide property and casualty insurance to applicants and determine coverage amounts and premiums.
Insuranceopedia explains Chartered Property and Casualty Underwriter (CPCU)
The American Institute for Chartered Property Casualty Underwriters Inc., (AICPCU) provides CPCU certifications to successful candidates. First, they must take five foundational courses in risk management, insurance operations, insurance law, insurance finance, and financial services institutions, and then complete three courses in personal or commercial lines. Afterward, they must pass eight national exams in the aforementioned subject areas. Lastly, they need to possess relevant industry experience and meet the specified ethical requirements.