Non-Life Insurance
This course aims to address the demand to be updated with the changes in Non-Life Insurance Principles and Products and have a better understanding of them.
- Develop awareness of the changes in the insurance industry
- Understand the business and financial risks inherent in non-life insurance
- Understand the central models and methods of risk evaluation in connection with non-life insurance
The course will utilize lectures with presentations and interactive class discussion. Trainees will also be encouraged to brainstorm ideas during seat works/activities.
- Introduction on Insurance Contracts, Proposals & Policy Forms
- General Insurance Principles
- OIC Supervision & Agents’ Ethics
- Personal Accident Insurance
- Aviation Insurance
- Motor Car Insurance
- Engineering Insurance
- Fire Insurance
- Marine Insurance
- Miscellaneous Casualty Insurance
- Surety Bonds
- Overview of Claims and Reinsurance
- Forms (Proposal, Cover Note, Policy)
- Endorsement (Policy Alterations)
- Risk, Perils, Hazard
- Parties to an Insurance Contract