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Level 5: Insurance Products and Regulation
Introduction
Critically examines the role of insurance products in risk management, and the legal framework by which insurance firms operate; understand the role of the underwriter in assessing the eligibility of individuals for different types of financial products; identifies and evaluates life/health; property and liability insurance.
Module Description
This module aims to develop student’s understanding of the role of insurance in risk management and of the role of the underwriter in assessing eligibility of individuals for different types of financial product.
Module Content
- The problem of risk
- Using the insurance device
- The insurance industry
- Financial regulation of the insurance industry
- The insurer
- Life and Health insurance operations
- The Life Insurance Contract
- Health insurance
- Property and Liability Insurance
- The role of underwriting
