GwG · Insurance · Level 2 of 5

GwG for insurance: Advanced

Advanced: Assess premiums, beneficiary rights and contract changes

You compare contributions, subscription rights and changes in the existing life or capitalization contract. In doing so, you will learn to examine economic declarations on the basis of specific documents and to specifically request additional information from the competent authorities.

Training offer for Germany

Planned training time: 3.5 Hours
Additional test: Voluntary · planned +30 minutes
After participation: Participation certificate and participation Badge

Interest in this training

View Test Option

Non-binding request to Timo Winkelbach. You can only select the additional exam if you wish.

Industry badge · 2 stars characterise the learning level. This example picture is not a personal proof and does not confirm passed examination.

Format and price for this level

Self-paced online course

29,95 €

excluding VAT per participant and course

Live online training

179 €

excluding VAT per participant and course

At levels 1 and 2, choose between self-paced learning and live training. Levels 3 to 5 take place live online.

Online examination included in the price

All prices exclude statutory VAT. The live training price depends on the level and date and will be confirmed before booking.

Payment via PayPal after your booking is confirmed.

Up-to-date training materials

Certificate of attendance and digital badge

The final examination is optional and takes place online. One attempt and one retake are included in the course price. Examination time is additional to learning time.

12 months of access from the first course start

In the self-paced course, the times are guidelines for your own learning pace.

We use teaching case studies based on real practical questions. Individual advice on ongoing client matters is not provided during training.

Does this step fit you?

Who is the training for?

For employees in contract processing, contribution service and compliance with initial experience in the relevant insurance business.

What prior knowledge do you need?

Basic knowledge of product context and contract roles; introduction or comparable knowledge.

Your concrete added value

You can classify an unexplained payment transaction in its contractual context and describe it precisely. This makes it possible to better align queries between contract service, intermediary support and verifier with the actual need for clarification.

Bring together information from the application and the ongoing contract

That's what you're working on in this training.

Comparing contribution and economic explanation
You will examine one-off contributions and payments by third parties based on the contract documents. In doing so, you separate the indication of origin, the alleged relationship and the evidence submitted and formulate questions that should make the concrete economic context of the contribution comprehensible.
Recognizing rights and changes
You work with a subsequent change of subscription rights and additional information about the contract. The exercise combines role overview and time course with the relevant questions from § 54 VAG and shows which previous information needs to be checked or supplemented.
Connecting Risks and Documentation
You compare selected requirements for general, simplified and increased due diligence in the appropriate product context. In this case, you will justify additional information requirements and document which declaration is supported and which point remains open for further contract processing.

Your learning goals

To examine third-party payments on the basis of the specific insurance contract.
To understand the changes in rights in time and in person.
Develop queries from missing evidence and contradictions.
the risk classification with contract information and sources.

From knowledge to a well-founded case solution.

Fictional practice case · Insurance

Single contribution from a private loan

The one-off contribution of a life insurance is paid by a third party; a private loan is referred to as a declaration. Later, the beneficiary is to be changed. Compare explanations and documents and explain which relationships are already comprehensible and what information is still missing.

In focus: examine third-party contributions and subscription rights changes in the common contractual context.

Your Exercise

You compare application, receipt of contributions and amendment. A subsequent loan document will be examined to see what open question it actually answers and what further clarification remains necessary.

Your work result and proof of participation

An commented contract overview with payment relationships, change history and well-founded proof list. After completing the training, you receive a participation certificate and a participation Badge for your sector and level.

How this relates to your daily work

You will practice the processing of transactions in which contract and payment data are available at various locations. The structured comparison supports an understandable internal transfer and a comprehensible continuation of open questions.

Live online training

Planned: 3.5 hours of training. With space for application.

The planned pure training time is 210 minutes. It includes knowledge transfer, application at the practice case and joint evaluation. Breaks are added. The data are planning values; we coordinate the concrete process before the training.

Knowledge & Classification: 90 minutes
Exercise & Application: 105 minutes
Evaluation & Transfer: 15 minutes

If you choose the optional additional exam, come 30 minutes The planned total time with examination is then 4 hours, plus breaks.

Self-paced online course
In the self-paced course, the times are guidelines for your own learning pace.

The final examination is optional and takes place online. One attempt and one retake are included in the course price. Examination time is additional to learning time.

Voluntary additional option · planned +30 minutes

You decide if you're going to take an additional exam.

Training is also possible without additional final examination. After completing your training you will receive a certificate of participation and a badge of participation. A proof of passing an examination requires successful participation in the voluntary supplementary examination.

Test format

Optional examination: comparison of documents for a change of contract

Your exam task

You work on a new contribution and change case and create a reasoned note with specific queries.

This is what the evaluation depends on.

Contract and payment information considered jointly
Changes and proofs assigned precisely
Questions and risk classification justified

Documentation of the test performance

After passing the optional assessment, you receive a record of achievement for this level explicitly identified as an assessment credential.

Request training with additional examination

Participation and examination performance remain recognizable.

The personal proof explicitly indicates whether the participation or a passed voluntary supplementary examination is confirmed. The badge graphic shows the industry and level of learning; it is not in itself a proof of performance.

Information about certificate and Badge verification →

Your badge shows the training series, sector and learning level. Together with your personal certificate, you can make your completed training visible in your CV or career profile.

Learn more about certificates and badges →

Legal bases and technical sources at this stage

The training works with the following sources. They shall help to justify the practice decisions on the basis of the relevant rules.

Interested in GwG for insurance: Advanced?

Your contact for the training request is Timo Winkelbach. You can reach him by e-mail to info@eu-aml.com or via the pre-filled request form.

Prepare training request

Series, industry and level are taken over. The request is non-binding.

View all five levels for insurance →