TRS Curriculum2024-02-23T15:23:45-05:00

TRANSPORTATION RISK SPECIALIST

Elevate your career and stand out as a true expert in the dynamic world of transportation insurance with the Transportation Risk Specialist (TRS) designation!

Be recognized as the elite professional who goes beyond the norm, committing to an unparalleled level of service within the transportation and motor carrier sector. The TRS mark is not just a symbol; it’s a testament to your dedication to excellence and specialized knowledge. Propel your career forward, distinguish yourself in the industry, and join the ranks of those who set the standard for incomparable service. Become a Transportation Risk Specialist and redefine your impact in the world of transportation insurance today!

TRS Curriculum

Path A

OR Path B

Course Description: This course is designed for insurance underwriting and claims professionals who work with motor carriers. Participants will gain introductory knowledge of the unique operational, risk and exposure aspects of the trucking industry in order to better evaluate individual trucking lines from an insurance acceptability and coverages perspective. Participants will study trucking regulation as it relates to the ability to evaluate compliance and adherence to public safety standards. Participants will develop familiarity with helpful insurance and trucking terminology used commonly in both industries.

Level: Basic

Educational Learning Objectives:

  • Develop an understanding of the American motor carrier industry, with a concentration of the for hire trucker
  • Be exposed to the evolution of motor carrier regulation and it’s impact upon insurance needs
  • Explore the duties of the truck driver and the insurance analysis of driver behavior
  • Review each dominant aspect of trucking operation that interacts with insurance underwriting considerations

Upcoming:

Course Description: This course is designed for insurance underwriters and producers who work with motor carriers. Participants will gain an introductory knowledge of risk review including exposures and coverages for trucking risks. Following discussion of the importance of risk exposures, participants will learn the generally accepted relevant submission items to prepare, including informational aspects which must be understood and analyzed prior to compiling a submission. Next, participants will be involved in robust discussion regarding submission best practices including the opinions from several different risk decision makers. We will differentiate the various roles and distribution systems common to the motor carrier insurance industry.

Level: Basic

Educational Learning Objectives:

  • Develop an understanding of proper risk review for the purpose of initial evaluation for a future insurance submission.
  • Learn the importance of information review and where information fits into the submission process.
  • Be exposed to the common transportation insurance applications and the various attachments required in submissions
  • Understand the importance of presenting and understanding a complete risk picture in order to make sound risk decisions.

Upcoming:

Course Description: This course is designed for insurance underwriting and claims professionals who work with motor carriers. Participants will gain introductory knowledge of the various insurance coverages purchased by motor carrriers. A detailed discussion of common coverage forms and their impact upon coverage at time of loss and impact upon the motor carriers ability to secure loads will follow. The concept of coverage comparison will be an integral part of this class where participants will discuss the various coverage options, exclusions and enhancements commonly available to motor carriers. The importance of coverage review with clients prior to binding and coverage review prior to confirmation of coverage after a loss will be emphasized.

Level: Basic

Educational Learning Objectives:

  • Develop an understanding of both the coverage review process and individual coverages themselves.
  • Be exposed to the coverage forms and the coverage comparisons needed and/or available
  • Explore the best ways to determine coverage adequecy, complience and trends
  • Review actual coverage forms and discuss the neeed to understand exclusions and enhancements to coverage

Upcoming:

PLUS

Course Description: This course is designed for insurance underwriting and production professionals who work with motor carriers. Participants include risk takers and individuals who are responsible for analyzing the exposures of motor carriers for the purpose of individual and global underwriting consideration. Participants will review the differentiated industry duties of people and firms associated with risk review and risk consideration. Discussion of various risk review resources and tactics will be an integral aspect of this class. Participants will develop an understanding of various industry distribution systems and how to interact and react to multiple relationship challenges.

Level: Intermediate

Educational Learning Objectives:

  • Develop an understanding of the importance of detailed and tailored individual risk considerations.
  • Be exposed to the most common best practice tools available to analyze and confirm risk exposure.
  • Explore the various roles and duties needed to determine premium needs within the rating process.
  • Review actual trucking firms and discuss evaluation strategy.

Upcoming:

Course Description: This course is designed for insurance underwriting, production and claims professionals who work with motor carriers. Participants will review the need to understand risk exposures before the determination of coverage needs. Subsequently, participants will review enforce coverages and develop understanding of the importance of coverage review. A detailed discussion of coverages either mandated or commonly procured by motor carriers will be a primary focus of this class for participants. A discussion if relevant coverage scenarios designed to encourage thoughtful discussion of coverage needs will be conducted. Also, participants will compare relevant coverage options and the importance of ongoing coverage comparisons.

Level: Intermediate

Educational Learning Objectives:

  • Develop an understanding of the sophisticated tools used to determine both coverage needs and coverage review
  • Be exposed to a robust discussion with actual coverage scenario examples for motor carriers
  • Explore the options available including exclusions, retentions, limits and how they impact at time of loss
  • Review various coverage forms and compare issues that impact motor carriers, insurers and agents

Upcoming:

Course Description: This course is designed for all insurance professionals who work with motor carriers. A robust discussion of many aspects of fraud related to both motor carriers and insurers will be the focus of this class. Examination of various points of exposure, premium and coverage validity will be detailed and then discussed by participants. Participants will examine important tools and tactics to assure proper evaluation of information verification by using both judgment and objective ais designed to help evaluate truthfulness and accuracy of information related to motor carriers. As well, examination of production standards and the issues of omission will be addressed.

Level: Intermediate

Educational Learning Objectives:

  • Develop an understanding of the fundamental importance of true, complete, timely and relevant risk information
  • Be exposed to the various aspects of misrepresentation issues affecting both underwriting and claims results
  • Explore the tools and sources used to verify and validate information used in the decision making process
  • Review specific and reoccurring examples of misrepresentation to develop effective response strategies

Upcoming:

Course Description: This course is designed for experienced insurance professionals who work with motor carriers. Participants will review the distinctions and similarities focused for analysis of motor carriers based primarily upon risk size. The different risk mitigation strategies presented to and used by larger motor carriers will be addressed and discussed. Possibilities and differences of various insurance structures and retention of risk by motor carriers will be an important area of study. Analysis of historic information to objectively determine the cost of various coverage scenarios will be used to assist participants in the relevancy and desirability of different coverage options. Also, the duties of various insurance rolls and functions will be discussed.

Level: Advanced

Educational Learning Objectives:

  • Develop an understanding of the various options for the retention of risk.
  • Be exposed to the objective risk review process for the purpose of assisting in coverage options and comparisons.
  • Explore the differnces ands similaritries of risk review based upon the size aqnd complexity of potential insureds.
  • Review the important risk charactoristics that assist with both the coverage and claims strategies.

Upcoming:

Course Description: This course is designed for experienced insurance underwriting and claims professionals who work with motor carriers. Participants will review important risk aspects of both trucking firms and the insurance coverages provided to them. The common issues surrounding difficulty evaluating both coverage needs and availabilities for motor carriers will be discussed. Individual risk Exposure characteristics, history and deficient practices will be addressed as both roadblocks to success and opportunities for positive change. Impact upon future loss costs based upon pubic risk characteristics and exposures will be considered. The importance of integrity and high standards for all insurance professionals interacting with the motor carrier industry will be addressed.

Level: Advanced

Educational Learning Objectives:

  • Develop an understanding of risk evaluation for motor carriers who have issues which need attention
  • Be exposed to the methodologies generally accepted to address motor carrier issues from an underwriting perspective
  • Explore the impact of risk issues upon claims frequency and the average cost of loss.
  • Review plans that have positive impact helping to resolve risk issues and the related cost of insurance

Upcoming:

 

FAQs

Take a look at the chart provided below, illustrating the comparison between the Legacy and New Paths. This visual guide outlines the credits you’ll receive for completing the legacy classes and identifies the new classes required to attain your TRS designation.

Yes.

Each year a TRS Graduation is held at our Annual Conference. While attendance is not required, this is our opportunity to honor and recognize your TRS designation!

Upcoming TRS Educational Events

TRS Educational Requirements

PATH TO TRS
In order to become a Transportation Risk Specialist, you must complete all of the following educational requirements:

1. Your work entity must be an active MCIEF Member
2. There are two class paths (A or B) to TRS and you must choose one and complete the 40 hour TRS core curriculum

Each year a TRS Graduation is held at our Annual Conference. While attendance is not required, this is our opportunity to honor and recognize your TRS designation!

PATH TO MAINTAIN TRS | Starting March 1, 2024
To maintain your TRS Designation, you must meet the following requirements:

1. Your work entity must be an active MCIEF Member
2. Attend 5 Truck Stop Podcasts within a two-year period
3. Attend at least one of the following events every two years:
a. Annual Conference
b. Western Conference
c. TRS Summit
4. Complete a minimum of 8 hours TRS Intermediate or Advanced level curriculum every two years

LEGACY PATH TO TRS
Designations started prior to March 1, 2024

In order to become a Transportation Risk Specialist, you must complete all of the following educational requirements, and email [email protected]:

1. Your work entity must be an active MCIEF Member
2. Your choice of either TruckingU or Motor Carrier Insurance Considerations
3. Upon completion of either TruckingU or MCIC you must pass the TRS basic learning test
4. Advanced Underwriting
5. Advanced Coverage
6. Upon completion of 1-5 above email [email protected]

Legacy Path to Maintain TRS
Designations obtained prior to March 1, 2024

To maintain your TRS Designation you must keep current by being an active member and attending one of the following programs every two years:

1. Your work entity must be an active MCIEF Member
2. You must attend at least one of the following programs every two-year period:
a. Advanced Underwriting
b. Advanced Coverage
c. Annual Conference
d. Western Conference

For participants who have completed a potion of their TRS classes in our legacy curriculum, email [email protected] to find out how you can complete your TRS classes now.

TRS Designees

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