Summary
This study investigates the impact of structural change of CPCU program's curriculum on candidates (students) completion time. The CPCU professional certification is the most recognized system in the area of property/casualty insurance, which provides a comprehensive, integrated, skill and knowledge set in all areas of property/casualty insurance. American Institute for CPCU has changed their curriculum program in 2003; first, they have deleted two redundant courses from the program, second, provided students with two different options to choose from on elective courses. Data collected for this study include 1782 candidates who completed their program beginning 1999 to 2006. After controlling for age, gender, and education level, we find that structural change in 2003 is instrumental in shortening the length of program completion time. Results indicate that the predictive power of structural change in the curriculum to be contingent on the level of education and gender. Candidates with higher level of education, as measured by their highest degree earned, achieved significantly better performance. Findings of this study have important implications on curriculum change for any certification or degree program. Despite the differences among candidates education level, academic performance is impacted by structural change in the program curriculum. The relationship between gender-based increases in candidate's academic performance appears significant in this study. These findings are consistent with the hypothesis that efficient curriculum structure combined with education level enhances the shortening process of program completion time.
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Extract
Structural Change in the Cpcu Curriculum and Its Effect On the Completion Time
INTRODUCTION
The system of CPCU (Chartered Property and Casualty Underwriter) professional examinations and certification is the most recognized system in the area of property/casualty insurance, which provides comprehensive integrated, skill and knowledge set in all areas of property/casualty insurance. As with professional designations in other fields, such as the CPA in accounting, the CPCU is awarded to individuals willing to go beyond the normal requirements of their profession. The American Institute for Chartered Property and Casualty Underwriters (AICPCU) confers the CPCU designation. Traditionally, the CPCU designation was earned through the successful completion of ten college-level courses with national essay examinations, an experience requirement, and an agreement to be bound by ethical standards. Curriculum includes risk management, insurance products, insurance operations, financial analysis, and legal and regulatory environment of insurance. Each course is accredited by the American Council on Education (ACE) for at least 3 colle...See the full content of this document
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