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Contents

FNPL-202 Risk Management and Insurance

This course introduces students to the field of insurance. Students will examine the various types of risks and the approaches taken by insurance firms. The course provides an analysis of life, health, property and liability insurance, fire insurance, homeowners and personal auto policies, employee benefit plans, and determination of insurance needs.

Credits

3

Hours Weekly

3 hours weekly

Course Objectives

  1. 1. Describe the meaning of insurance, policy forms, declarations and coverage extensions.
  2. 2. Identify risk and the aspects of loss exposure.
  3. 3. Explain the business and economic cycle of the insurance industry.
  4. 4. Differentiate between agents, brokers, stock, mutual and reciprocal insurance companies.
  5. 5. Explain the consumer oriented regulatory environment pertaining to the insurance industry.
  6. 6. Analyze his/her personal insurance needs and assess how to best protect oneself with cost effective
    techniques.
  7. 7. Compare alternative risk management techniques through the use of case studies.
  8. 8. Evaluate a person's insurance profile (including FDIC insurance, health insurance, disability insurance,
    pension plans, social security and investment annuities) using appropriate computer software.

Course Objectives

  1. 1. Describe the meaning of insurance, policy forms, declarations and coverage extensions.
  2. 2. Identify risk and the aspects of loss exposure.
  3. 3. Explain the business and economic cycle of the insurance industry.
  4. 4. Differentiate between agents, brokers, stock, mutual and reciprocal insurance companies.
  5. 5. Explain the consumer oriented regulatory environment pertaining to the insurance industry.
  6. 6. Analyze his/her personal insurance needs and assess how to best protect oneself with cost effective
    techniques.
  7. 7. Compare alternative risk management techniques through the use of case studies.
  8. 8. Evaluate a person's insurance profile (including FDIC insurance, health insurance, disability insurance,
    pension plans, social security and investment annuities) using appropriate computer software.