Financial Services and Insurance Markets

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Level: Intermediate

Why you need this course:
After completing this course, you'll be able to evaluate how individuals and organizations are affected by competition within the insurance marketplace.

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

  • Compare each type of consumer based on the following: insurance needs, knowledge of the market, market access methods, negotiating ability, and choice of risk financing alternatives.
  • Explain how producers provide consumers with access to insurers.
  • Describe the role of banks in the distribution of insurance products and services.
  • Explain how admitted insurers, nonadmitted insurers, residual markets, and government programs meet the insurance needs of customers.
  • Explain how insurers use reinsurance and financial markets as risk financing techniques.
  • Explain the role in insurance markets of third-party administrators (TPAs), special investigative units (SIUs), inspectors, consultants, and regulators.
  • Explain how each of the following influences competition in insurance markets:
    • Number and size of competing insurers
    • Substitutes for insurance
    • Knowledge of the market
    • Size and growth of overall market

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

Financial Services and Insurance Markets Topics Include:

  • Comparing consumers based on insurance needs, knowledge of the market, market access methods, negotiating ability, and choice of risk financing alternatives
  • How producers provide consumers with access to insurers
  • The role of banks in the distribution of insurance products and services
  • How admitted insurers, nonadmitted insurers, residual markets, and government programs meet the insurance needs of customers
  • How insurers use reinsurance and financial markets as risk financing techniques
  • The role in insurance markets of third-party administrators (TPAs), special investigative units (SIUs), inspectors, consultants, and regulators
  • How competition in the insurance market is influenced by the number and size of competing insurers, substitutes for insurance, knowledge of the market, and size and growth of overall market

Phone: (800) 644-2101 (U.S. and Canada)
(610) 644-2100 (Outside the U.S. and Canada)
Fax: (610) 640-9576
Mail: The Institutes
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Malvern, PA 19355-3433
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Phone: (800) 644-2101

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