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Risk Management - Insuring Against Risk

  • Description
  • Outcome
  • Certification
  • The free online course Risk Management - Insuring against Risk explains why businesses take out insurance to mitigate the risks they face through their business operations and activities.

    The course begins by providing an introduction to the insurance industry. You will be introduced to the most common phrases and terms used in the insurance industry, and you will learn about the processes that insurers go through when deciding whether or not to insure an exposure. You will also learn about the various types of insurances and insurers that exist and how they differ from each other. The course then explains about the internal operations of insurance companies. You will see how an insurance company is two businesses within one, accepting the risks faced by their customers and investing the premiums which they receive.

    By reviewing how both sides of an insurance business operates you will learn how insurance companies invest the premiums from their customers in order to offer them coverage should they ever need it. The course also presents a variety of case studies based on real life events that show how insurance companies operate, helping you to equate the theory of risk management with real life scenarios. The course concludes by examining the basic requirements and characteristics of insurance contracts.

    This free course will be of great interest to professionals working in the area of risk management who would like to gain a better understanding of how to insure against risk. The course will also be of interest to learners who have ever purchased insurance and would like to learn more about how their premiums are calculated.

  • Having completed this course the learner will be able to:
    - Describe the process that insurers go through when insuring an exposure;
    - Differentiate between various types of insurances and insurers;
    - Describe and define the most commonly used terms in the insurance industry;
    - Describe the internal operations of insurance companies;
    - Describe the basic requirements and characteristics of insurance contracts.

  • All Alison courses are free to study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.

    Having an official Alison document is a great way to share your success. Plus it’s:

    • Ideal for including in CVs, job applications and portfolios
    • An indication of your ability to learn and achieve high results
    • An incentive to continue to empower yourself through learning
    • A tangible way of supporting the Alison mission to empower people everywhere through education.

Risk Management - Insuring Against Risk
  • Free

  • 2-3 Hours

  • Saylor Foundation

  • Assessment

  • Certification

  • 50 Pts

Modules List( 4 )
  • RISK MANAGEMENT - INSURING AGAINST RISK
  • Risk Management - Insuring against Risk - Module Resources View Resource
  • Module
    1
    Introduction to Insurance
    • Learn more about insurance and how to insure against risk.
    • Introduction
    • The Nature of Insurance
    • Ideal Requisites for Insurability – Part 1
    • Ideal Requisites for Insurability - Part 2
    • Types of Insurance and Insurers - Part 1
    • Types of Insurance and Insurers - Part 2
  • Module 2: Insurance Operations
    • Learn more about insurance operations.
    • An Introduction to Insurance Operations
    • Marketing, Underwriting, and Administration - Part 1
    • Marketing, Underwriting, and Administration - Part 2
    • Actuarial and Investment
    • Reinsurance, Legal and Regulatory Issues, Claims, and Management
  • Module 3: Insurance Contracts
    • Learn more about insurance contracts.
    • Basic Requirements of an Insurance Contract
    • Characteristics of Insurance Contracts - Part 1
    • Characteristics of Insurance Contracts - Part 2
  • END OF COURSE ASSESSMENT
  • Module 4: Risk Management - Insuring against Risk Assessment
    • You must score 80% or more to pass the assessment.
    • Risk Management- Insuring Against Risk- Assessment
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