GwG · Insurance · Level 3 of 5

GwG for insurance: Professional

Expert: Assess higher risks during the contract and at payout

You investigate more demanding life insurance cases with changed participants, unusual contract history and open payment questions. In doing so, you combine GwG test steps with the relevant VAG regulations on the eligible and separate risk, identity and reporting issues.

Training offer for Germany

Planned training time: 4 hours
Additional test: Voluntary · planned +45 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 · 3 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

Live online training

199 €

excluding VAT per participant and course

This level is offered as live online training.

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.

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 experienced employees in performance management and compliance as well as money laundering officers in the relevant insurance business.

What prior knowledge do you need?

Secure knowledge of contract roles and risk-related documentation testing; advanced level or experience.

Your concrete added value

You can create a professional decision-making template that takes into account the entire contract development. This facilitates coordination between contract service, performance management and money laundering officer and prevents an isolated notice from determining the entire case unchecked.

Distinguish beneficiaries, specific indications and reporting issues

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

Studying the course of the contract as a whole
You look at the amount of contributions, changes to the parties involved, request for termination and planned payment. For each clue, you will first look for a comprehensible basis of facts and possible factual explanations before formulating the further need for investigation.
Checking specific roles and risks
You will work on issues related to identification, reference permission and a possible PEP reference based on the relevant GwG and VAG texts. In doing so, you distinguish roles of persons, legal connection point and necessary further examination; a mere name parallel is first clarified.
Prepare for decision and communication
You bring the findings together in a note for the competent body and examine a possible notification question separately. Planned contacts with policyholders or intermediaries will be examined for their requirements; open tasks and internal responsibilities will remain visible.

Your learning goals

evaluate changes to the contract and requests for payment in time.
Assign GwG and VAG test questions to the right roles.
First, clarify possible PEP hints in terms of people and sources.
Create a differentiated decision and communication template.

From knowledge to a well-founded case solution.

Fictional practice case · Insurance

Early termination and new withdrawal account

The termination is required shortly after the completion of a life insurance policy. The payment account differs from the contribution account and an unexplained PEP note is available to a party. Arrange roles and clues, examine possible explanations and justify further testing requirements.

In focus: In this context, it should be noted that, in the case of contracts, payment methods and special role risks are differentiated.

Your Exercise

You weight several notes before an intended payout and draft a coordinated test plan. An additional information then changes part of your initial assessment.

Your work result and proof of participation

A reasoned payment audit report with role clarification, measures, open reporting and internal responsibilities. 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 train the processing of demanding interfaces between contract and performance range. The documentation shows why an additional examination is being considered and what information a final technical decision still needs.

Planned: 4 hours of training. With space for application.

The planned pure training time is 240 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: 135 minutes
Evaluation & Transfer: 15 minutes

If you choose the optional additional exam, come 45 minutes The planned total time with examination is then 4.75 hours, plus breaks.

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 +45 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 check: New payment file with several clues

Your exam task

You create a technical decision-making template including role-based audit and separate reporting and communication issues.

This is what the evaluation depends on.

Rolls and clues can be delineated
GwG and VAG receipts suitably assigned
Measures and decision-making needs comprehensible

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: Professional?

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 →