DEFINITION of 'Associate In Claims - AIC'

A professional designation designed to provide claims professionals with enhanced skill training to handle different types of claims. Areas of study in the Associate in Claims (AIC) program include: claim handling principles, managing bodily injury claims, property loss adjusting and liability claim practices. The program is typically geared towards professional working in the insurance industry.

BREAKING DOWN 'Associate In Claims - AIC'

The Associate in Claims (AIC) program is commonly used by many companies to train their professionals in claims handling. To obtain the AIC designation, the candidate has to complete the program and pass the exam administered by the Insurance Institute of America (IIA).

RELATED TERMS
  1. Claims Adjuster

    Someone who investigates insurance claims to determine the extent ...
  2. Adjuster

    An insurance claims agent. A claims adjuster is charged with ...
  3. Claims Reserve

    The claims reserve is money that is earmarked for the eventual ...
  4. Associate In Management (AIM)

    A professional designation program that provides managers with ...
  5. Commercial General Liability (CGL)

    A type of insurance policy that provides coverage to a business ...
  6. Frequency-Severity Method

    An actuarial method for determining the expected number of claims ...
Related Articles
  1. Trading

    Trading With The Jobless Claims Report

    Introduction to the jobless claims report. This article looks at what jobless claims tell us about the economy's health and how to interpret the data contained in the release.
  2. Insurance

    An Advisor's Guide to Prof. Liability Insurance

    A guide to what financial advisors need to know about professional liability insurance.
  3. Personal Finance

    Financial Analyst Training & Designation Programs

    Time to upgrade your financial skills? These designations are flexible and adaptable to the changing marketplace.
  4. Insurance

    Will Filing An Insurance Claim Raise Your Rates?

    An accident can mean higher insurance costs - even if it wasn't your fault.
  5. Insurance

    What To Do When Your Insurance Company Won't Pay

    Struggling to get a claim honoured? Find out what you can do.
  6. Personal Finance

    An Introduction To The CFA Designation

    The CFA designation is seen as the key certification for investment professionals. Find out what the CFA signifies for candidates and investors.
  7. Insurance

    Do You Need Casualty Insurance?

    Find out how different types of coverages can protect you and which policy is right for you.
  8. Financial Advisor

    The Alphabet Soup of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  9. Insights

    Markets Rejoice on Low Jobless Claims (SPY, TNA)

    Stocks are rallying after jobless claims show an unexpected decline.
  10. Insurance

    How Are Home Insurance Rates Determined?

    You home's value is one of the driving forces behind your home insurance premium and the amount of coverage you receive.
RELATED FAQS
  1. How are open market operations and monetary policy related?

    Understand the meaning of an aggregate limit in an insurance policy as well as which types of insurance companies are most ... Read Answer >>
  2. How do I file a proof of claim against someone who has filed bankruptcy?

    Find out how to file a proof of claim as a creditor when someone who owes you money submits a bankruptcy petition, halting ... Read Answer >>
Hot Definitions
  1. Fixed-Income Security

    An investment that provides a return in the form of fixed periodic payments and the eventual return of principal at maturity. ...
  2. Free Cash Flow - FCF

    A measure of financial performance calculated as operating cash flow minus capital expenditures. Free cash flow (FCF) represents ...
  3. Leverage Ratio

    Any ratio used to calculate the financial leverage of a company to get an idea of the company's methods of financing or to ...
  4. Two And Twenty

    A type of compensation structure that hedge fund managers typically employ in which part of compensation is performance based. ...
  5. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying ...
  6. Expense Ratio

    A measure of what it costs an investment company to operate a mutual fund. An expense ratio is determined through an annual ...
Trading Center