Insurance Overview

Click here to return the main Insurance Principles information page.

Level: Beginner

Why you need this course:
After completing this course, you´ll understand the process of risk management and the field of insurance in general.

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

  • Describe the role of insurance in risk management.
  • Explain how insurance works as a transfer system.
  • Explain how the law of large numbers operates and applies to insurance.
  • Describe the major types of loss exposures.
  • Describe the characteristics of an ideally insurable loss exposure.
  • Explain why government insurance is needed, and give examples of federal insurance programs and state insurance programs.
  • Describe the major business operations of insurers.
  • Explain why and how state insurance departments regulate insurers.
  • Describe the benefits of insurance.
  • Describe the costs of insurance.
  • Distinguish among the major types of property and liability insurance.
  • Distinguish among the major types of life and health insurance.

Cost: $20 per Professional Development Hour (PDH). Information on PDHs provided can be found here.

Insurance Overview Topics Include:

  • The role of insurance in risk management
  • Insurance as a transfer system
  • The law of large numbers, as applied to insurance
  • Major types of loss exposures
  • Characteristics of an ideally insurable loss exposure
  • Why government insurance is needed, and examples of federal insurance programs
  • Major business operations of insurers
  • How state insurance departments regulate insurers
  • Benefits of insurance
  • Costs of insurance
  • Major types of property and liability insurance
  • Major types of life and health insurance

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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