Insurance & Risk Management Courses
Insurance and risk management courses help students understand how businesses manage their operations despite the malaise of economic uncertainty. Professionals taking these courses learn about the key role insurance firms play in the economy, as well as various types of products and services they provide. Typical coursework includes risk management procedures, insurance policy types and risk assessment activities.
Other People Are Reading
-
Insurance
-
Insurance is a form of risk management primarily used to hedge, or mitigate, the risk of an uncertain loss. The analytical dexterity and mathematical acumen needed in loss-appraisal initiatives brings into prominence--in the insurance sector--professionals such as actuaries and economists with quantitative background.
Risk Management
-
Risk administration enables a company's top leadership to assess the firm's processes and single out mechanisms that do not bode well for corporate operations. In other words, this practice highlights internal exposures and proposes effective remedies.
-
Reinsurance
-
Reinsurance is a risk-sharing initiative, a process whereby many insurers allocate exposures related to specific events or transactions. Insurers do so to prevent the possibility of bankruptcy when a single firm chooses to cover a significant event.
Risk Assessment
-
Risk assessment is a step in risk management, one that allows that allows a company to quantify exposures in operating processes. After gauging internal risks, insurers rate them as "high," "medium" and "low." Risk ranking depends on loss expectations.
Risk Control
-
Risk control helps an organization put into place adequate, focused strategies to reduce risks of fraud, error or technological malfunctions. Insurance companies may assist a corporate client in controlling risks by providing coverage on specific risks, such as health deterioration or damages associated with bad weather.
Business and Insurance Laws
-
Business and insurance legislation helps government officials monitor what is going on in the insurance sector, as well as how industry developments affect the economy at large. The most important regulatory agencies include U.S. Securities and Exchange Commission and National Association of Insurance Commissioners.
Life Insurance
-
Life insurance is a form of insurance on a person's life. When the policyholder dies, the insurer pays out a lump sum or specified installments to one or more beneficiaries -- usually the deceased's relatives.
Health Insurance
-
This type of insurance helps protect policyholders against losses resulting from ill health. In a typical health-insurance scheme, many individuals collectively pool their risk, thus reducing medical expenses for each policyholder. Health policies offer many options, running the gamut from simple checkups to complete, long-term hospitalizations.
Property and Casualty Insurance
-
Also known as P&C insurance, property and casualty insurance covers real and personal properties, such as houses and cars. It also provides insurance coverage for business operations.
Financial Planning
-
Financial planning enables businesses and individuals to get a grip on their economic conditions and make the right choices when it comes to savings and liquidity management. Financial-planning tools include accounting statements, budgets and spending plans.
-
