The Western Alliance is proud to announce CPIA designation courses will be available via webinar format beginning in January 2024 at piawest.com.  

 

Check our calendar of events for course informatioin.  

Registrations will be open soon!

CPIA - Certified Professional Insurance Agent

Empowering Insurance Professionals into the Future

The CPIA designation is first-of-its-kind, hands-on, how-to training. To earn the CPIA designation candidates are required to participate in a series of three, one-day seminars THE BEST PART IS NO EXAMS!
Completion is due three years from the first course.

These seminars are designed to enhance the ability of producers, sales support staff, and company personnel to efficiently create and distribute effective insurance programs. Participants leave with ideas that will produce sales results immediately.

While not a requirement, it is recommended that courses are taken in order.E&O Discounts apply for Utica National Policy Holders.

Each of the 3 courses are approved for 7 CE in
AZ | CA | ID | MT | NM | NV | OR | WA

Course Modules

CPIA 1
Position for Success

CPIA 2
Implement for Success

CPIA 3
Sustain Success

During this workshop, participants focus on internal and external factors affecting
the creation of effective business development goals.

Factors discussed include:

current state of the insurance                 marketplace

competitive pressures

insurance carrier underwriting criteria

consumer expectations.

During this workshop, participants learn:

specific tools for analyzing consumer needs

how to utilize risk identification techniques to gather pertinent prospect
information

skills necessary to assimilate information gathered into customized coverage recommendations

how to prepare a complete submission

tips for preparing and presenting a comprehensive insurance proposal

This workshop focuses on fulfilling the implied promises contained in the insuring agreement.

Participants will:

review methods of providing evidence of insurance coverage

discuss policies and procedures for controlling errors and omissions including policy review and delivery, endorsements, claims-processing, and handling of client complaints

learn how to calculate the lifetime value of a client and techniques for generating referrals.

CPIA Update Requirement

The Certified Professional Insurance Agent designation stands for professionalism, commitment to professional training and results, and technical knowledge. To maintain the right
to use the CPIA designation, designees must complete an update on an annual basis * or maintain a Ruby, Sapphire or Diamond level membership with the CPIA Program.

* CPIA 1, CPIA 2, CPIA 3, Special Topics:

An Agent’s Guide to Understanding and Mitigating Cyber Exposures

Disaster and Continuity Planning for Business and Families

An E&O Loss Control Program for Agencies

Overall, the repair costs are much lower for an electric vehicle compared to the standard internal combustion engine. There are fewer moving parts. That will also drop the number of times one needs to repair an electric vehicle.

Once you get to the battery and the battery system, however, prices skyrocket.

Thatcham Research did a report on something we already know. EV batteries are expensive. It found replacing batteries are 25.5% more expensive than repairs for an internal combustion engine vehicle.

Another study by Solera found repair costs to be 29% higher. High-voltage batteries and control units are 48% more expensive. 

Business Insider took a look at the 2023’s best selling electric vehicles. The information is shocking but not surprising.

Tesla Model Y

  • Recurrent Auto says the replacement cost runs between $13,000 and $15,000

Tesla Model 3

  • The Model 3 battery replacement is between $13,000 and $15,000.

Chevrolet Bolt

  • Recurrent Auto notes replacement cost is between $16,000 and $16,250

Ford Mustang Mach-E

  • Ford Parts notes the 2023 Mustang Mach-E battery replacement will be between $31,000 and $39,000 depending on the standard or extended pack
  • However, Ford has also developed one that can be serviced module-by-module and that will run between $6,000 to $7,000

Volkswagen ID.4

  • Volkswagon lists the price at $27,000

Hyundai Ioniq 5

  • Find My Electric lists the replacement cost at $11,000
  • The module-by-module costs are about $500 per module

Ford F-150 Lightning

  • Ford Parts charges $37,000
  • A long range battery can run $50,000
  • The battery can be serviced module-by-module for $4,000 to $5,000 per module

Tesla Model X

  • Find My Electric estimates replacement at $10,000 to $12,000

BMW i4

  • Find My Electric pegs replacement cost at between $13,000 to $15,000

Source link: Digital Insurance — https://bit.ly/458cCew