Foundation Course in Risk Management and Insurance

Course Overview

This course provides an introduction to insurance principles, underwriting, claims, and risk management. It is ideal for professionals who are new to the insurance business or who work in nontechnical positions in the industry and would like to learn more about the insurance mechanism. Through the course, learners will gain confidence in serving their customers by obtaining an understanding of basic insurance and risk management principles.

Bottom Line Benefits:

  • Help employees gain confidence in serving their customers by understanding basic insurance and risk management principles
  • Enhances organizational efficiency by offering consistent fundamental property-casualty, risk management, claims and underwriting knowledge across the organization.

Learning Objectives

Upon successful completion of all the modules in this course, you should be able to: -

  • Help employees gain confidence in serving their customers by understanding basic insurance and risk management principles
  • Enhances organizational efficiency by offering consistent fundamental property-casualty, risk management, claims and underwriting knowledge across the organization.

Section 1: Property and Casualty Insurance

Module 1: The Meaning of Insurance

Module 2: Types of Property-Casualty Insurance

Module 3: How Insurers Use Premium Shillings

Module 4: Overview of Insurance Functions

Module 5: Parties in an Insurance Transaction

Module 6: How Insurance is Marketed

Module 7: The Functions of a Producer

Module 8: The purpose of Insurance Regulation

Module 9: Regulating Market Conduct and Insurer Solvency

Module 10: Structuring Insurance Policies

Module 11: Categories of Policy Provisions

Module 12: Analyzing an Insurance Policy

Module 13: Personal Property and Liability Loss Exposures

Module 14: Homeowners Coverage

Module 15: Personal Auto Coverage

Module 16: Other Personal Coverages

Module 17: Commercial Property Loss Exposures

Module 18: Commercial Property Coverages

Module 19: Commercial Property Causes of Loss

Module 20: Commercial Liability Loss Exposures

Module 21: Commercial Liability Coverages

Section 2: Risk Management

Module 1: The Meaning of Risk Management

Module 2: Different types of Risks

Module 3: Different Types of Loss Exposures

Module 4: Benefits of Risk Management

Module 5: Steps in the Risk Management Process

Module 6: Tools and Methods Used for Exposure Identification

Module 7: The Primary Techniques for Treating Loss exposures

Module 8: Criteria Used to Select Appropriate Risk Management

Module 9: Monitoring and Reporting on Risk

Module 10: The Relationship Between Risk Manager and the Organization

Module 11: Common Objectives and Goals for Risk Management

Module 12: The Role of the Board in Overseeing Risk Management

Section 3: Underwriting

Module 1: Underwriting and its Purpose

Module 2: Underwriting Responsibilities

Module 3: Essential Knowledge and Skills for Underwriters

Module 4: Overview of the Underwriting Process

Module 5: How Underwriting Results are Measured

Module 6: Personal Auto Underwriting

Module 7: Commercial Auto Underwriting

Module 8: Primary Sources of Information for Underwriting Property

Module 9: Underwriting Property Insurance Using the COPE Model

Module 10: Personal Liability Underwriting

Module 11: Commercial General Liability Underwriting

Module 12: Personal Umbrella Underwriting

Module 13: Commercial Umbrella and Excess Liability Underwriting

Section 4: Claims

Module 1: The Claims Function

Module 2: The Role of Claims Managers and Claims supervisors

Module 3: The Role of Technical Specialists and Producers

Module 4: Claims Professional Knowledge and Skills

Module 5: Ethics in Claims

Module 6: The Claims Handling Process

Module 7: Legal Factors and the Claims Environment

Module 8: Regulatory Requirements for Claims Handling

Module 9: Investigating Bodily Injury Claims

Module 10: Determining Bodily Injury Damages

Module 11: Overview of the Civil Trial System

Module 12: Determining Property Damages

Module 13: Evaluating Claims Results Using Financial Measures

Module 14: Evaluating Claims Results Using Non-financial Measures

Module 15: Importance of Detecting and Preventing Insurance Fraud

Module 16: Types of Insurance Fraud

Module 17: Motives for Insurance Fraud

Module 18: Indicators of Possible Insurance Fraud

Module 19: Anti-Fraud Efforts

Price: $325

This Course includes:

   Text-based content

   8 Weeks