Risk Management - Insuring Against Risk
Learn more about various types of insurances and insurers, and insuring against risk.
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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 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.
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This Course has been revised!
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