Insurance Market
The aim:
1. To understand the general purpose, role and benefits of insurance.
Acquired knowledge:
1. To understand how the general insurance market is regulated.
Acquired skills:
1. To apply the basic legal principles of insurance.
Acquired social skills:
1. Demonstrate a knowledge of how the insurance market works.
Course contents:
1. Introduction to Enterprise Risk Management and Insurance.
2. Risk Identification.
3. Risk Assessment and Pooling.
4. Risk-Handling Techniques: Loss Control, Risk Transfer, and Loss Financing.
5. Risk-Handling Techniques: Diversification and Hedging.
6. Fundamentals of Insurance.
7. Insurable Perils and Insuring Organizations.
8. Insurance Functions.
9. Insurance Markets: Economics and Issues.
10. Insurance Regulation.
11. Insurance Contracts.
12. The Personal Auto Policy.
13. Homeowners Insurance (HO).
14. Professional Financial Planning.
15. Life Insurance Policies.
16. Standard Life Insurance contract Provisions and Options.
17. Annuities.
18. Health Insurance and Disability Income.
19. Employee Benefits.
20. Social Security.
21. Unemployment and Workers’ Compensation Insurance.
22. Commercial Property Insurance.
23. Commercial Liability Insurance.
Recommended reading:
1. Introduction to Risk Management and Insurance, 10/E, Mark S. Dorfman, David A. Cather, Pearson. 2013.