Every business needs insurance to mitigate its exposure to risk. This course is designed to enhance one's knowledge of business insurance by providing an overview of the insurance industry, including the operations and distribution systems of insurers. It also notes the more common insurance policy terms and conditions, and how to manage and account for insurance. There is a particular emphasis on managing the cost of insurance.
Learning Objectives
After completing this course, you will be able to:
• Recognize the types of insurance offered by insurers.
• Identify the classifications of sellers of insurance products.
• Specify the measurements used to judge the performance of insurers.
• Recognize the conditions needed for a risk to be insurable.
• Identify the reasons for the different clauses used in an insurance contract.
Topics covered in this course:
Insurance distribution and analysis
Insurer operations, financial performance, and pricing
The insurable interest concept
Claims handling and processing
Insurance management, claim problems, and administration
Accounting for insurance
Major Topics
Overview of Business Insurance
Insurance Management
