Risk Management: Insuring Against Risk

Name: Risk Management: Insuring Against Risk
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Rating: 4 (132 reviews)

How do you decide which type of insurance is most suited to your current risk management needs for your business?

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Learning Outcomes

After completing this course you will be able to:

Explain types of insurance and insurers
Define the law of large numbers (LLN) as the essence of insurance
Summarize why certain risks cannot be insured by private insurance companies
Describe the functions of governmental insurance organizations
Discuss various marketing activities within different segments of the insurance industry
Explain how insurance agents and brokers differ
Outline the main features of the underwriting and claims adjustment processes
Summarize the role of actuaries in insurance operations
Demonstrate how reinsurance works
Discuss ethical considerations when making representations to underwriters

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