Course Level 3: Advanced
Estimated Study Time: 2-3 hours
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.
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