Insurance Basics, Underwriting, and Actuarial Practices

Financial services professionals, consultants, and sales professionals interested in providing or selling products and services to insurance companies and banks, and everyone interested in knowing about insurance products, processes, and practices

Prerequisite
Please contact us for information about prerequisites.

Expected Duration
60 minutes

Description
The global insurance industry provides protection for corporations, groups, and individuals, ensuring that risk can be mitigated and losses, if any, can be recouped. There are basic concepts associated with insurance, underwriting, and actuarial practices. These concepts form the basis for a thorough understanding of the practical uses of insurance, the purpose of risk assessment and mitigation, and the role played by insurance companies and their employees. This course presents a high-level overview of the basics of insurance, risk assessment, underwriting, claims, and actuarial science.

Objective

Insurance

  • identify how insurance is used to manage risk
  • describe insurance and its terminology
  • Risk Assessment

  • identify the systematic approaches to risk identification
  • describe the types of risk classification
  • recognize how to evaluate risk
  • recognize the basic risk assessment process
  • Underwriting

  • select the considerations for underwriting insurance
  • select basic components of an underwriting policy
  • recognize underwriting process and policy
  • Claims and Actuarial Science

  • recognize the basic components of claims
  • identify the elements that make up actuarial science
  • describe the basic concepts of claims, actuarial science, and the role of actuaries
  • MONTHLY SUBSCRIPTION

    $129/month
     

    ANNUAL SUBSCRIPTION

    $1295/year

    Multi-license discounts available for Annual and Monthly subscriptions.