Insurance Business Fundamentals

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Level: Beginner

Why you need this course:
After completing this course, you’ll have a solid understanding of the basic benefits of insurance, the basic functions of insurers, insurers’ sources of revenue and expenses, and how competition influences the marketplace.

Upon successful completion of this course, you should be able to:

  • Describe the benefits of insurance.
  • Describe the core and supporting functions performed by insurers.
  • Describe the main sources of revenues and expenses for insurers.
  • Explain how the profitability of insurers is measured.
  • Explain how admitted insurers, nonadmitted insurers, residual markets, and government programs meet the insurance needs of customers.
  • Explain how each of the following influences competition in insurance markets:
      • Number and size of competing insurers
      • Substitutions for insurance
      • Knowledge of the market
      • Size and growth of overall market.
    Cost: $20 per Professional Development Hour (PDH). Information on PDHs provided can be found here.

    Insurance Business Fundamentals Topics Include:

    • The benefits of insurance
    • Core and supporting functions performed by insurers
    • Main sources of revenues and expenses for insurers
    • How the profitability of insurers is measured
    • How admitted insurers, nonadmitted insurers, residual markets, and government programs meet the insurance needs of customers
    • Several ways in which competition in insurance markets is influenced
    Phone: (800) 644-2101 (U.S. and Canada)
    (610) 644-2100 (Outside the U.S. and Canada)
    Fax: (610) 640-9576
    Mail: The Institutes
    720 Providence Road
    Suite 100
    Malvern, PA 19355-3433
    Customer Success is available Monday through Friday, 8 a.m. to 6 p.m. eastern time.

    For retail ordering information, contact Customer Service or shop online. Or take a look at our full catalog.

    E-mail: CustomerSuccess@TheInstitutes.org
    Phone: (800) 644-2101

    Customer Service hours are Monday through Friday, 8:00 a.m. to 6:00 p.m. eastern time.

    Interested in corporate multi-user information, volume discounts, or learning management system (LMS) compatibility? Contact the Institutes´ Regional Sales Executive in your area.


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