Insurance Law and Practice

Course Overview

Insurance is built on a foundation of law. Every underwriting decision, policy document, and claim settlement is shaped by legal principles that ensure fairness, compliance, and trust. This course provides a comprehensive understanding of the legal framework governing insurance, combining theory, regulation, and practical application.

Participants will explore the essential doctrines of insurance law, analyze contracts, examine life and general insurance practices, and study the role of ethics, regulation, and governance in modern insurance operations. The course balances global perspectives with local realities, equipping learners with the knowledge and skills to navigate legal issues confidently in insurance practice.

This course is ideal for underwriters, claims professionals, brokers, compliance officers, and managers seeking to strengthen their understanding of insurance law and its application in day-to-day business.

Learning Objectives

By the end of this course, learners will be able to:

  • Explain the nature, scope, and purpose of insurance law in managing risk and protecting policyholders;
  • Apply general principles and doctrines of insurance law (utmost good faith, insurable interest, indemnity, subrogation, and contribution) in practice;
  • Interpret and analyze insurance contracts, including terms, conditions, warranties, exclusions, and endorsements;
  • Assess how international and local regulatory frameworks impact insurance operations, solvency, and consumer protection;
  • Evaluate legal and procedural issues in life insurance, including underwriting, premium payments, policy benefits, and claims settlement;
  • Examine general insurance practices, focusing on legal considerations in underwriting and claims handling;
  • Analyze the legal frameworks governing key general insurance products (motor, marine, liability, property, business interruption, etc.);
  • Apply knowledge of dispute resolution mechanisms (litigation, arbitration, mediation, ombudsman) to insurance claims;
  • Recognize ethical obligations and the role of corporate governance in ensuring compliance, integrity, and fairness in insurance practice; and
  • Integrate legal knowledge into practical insurance decision-making for underwriting, claims, product development, and compliance.

Module 1: Course Overview

Module 2: Understanding and Managing Risk

Module 3: General Principles and Concepts of Insurance

Module 4: Insurance Contract and Market Conditions

Module 5: International Regulation Framework

Module 6: Life Insurance Practices and Procedures

Module 7: General Insurance Practices and Procedures-Focus on Underwriting

Module 8: General Insurance Practices and Procedures-Focus on Claims

Module 9: General Insurance Products

Module 10: Ethics and Corporate Governance Framework for Insurance Companies

Price: $275

This Course includes:

   Text-based content

   6 Weeks