FULL-TIME | WINNIPEG LOCATIONS PROIF-CT Property and Casualty Insurance

Courses and Descriptions

BUSA-1076Principles and Practices of Insurance

In this course you are introduced to the purpose of insurance and its role in managing risk. You will learn about the various types of insurers and how insurance is distributed. You will study the basic concepts and the language of the insurance industry; the legal context of insurance including regulatory oversight of the industry; and understand the role of the various participants in the industry, and their relationship to one another.

Other Information

Learning Outcomes

1. Describe history and trends in the insurance industry

2. Explain the regulatory oversight for general insurance including government supervision

3. Use industry terminology

4. Explain the process of ratemaking, underwriting and rating

5. Describe the different types of insurers

6. Describe how insurance is distributed and the role of insurance intermediaries

7. Explain how the Law and the Canadian judicial system affect insurance

8. Explain the purpose and importance of insurance documents and processes

9. Explain the purpose and importance of insurable interest, indemnity and utmost good faith

10. Explain the role of adjusters and the claims process

11. Discuss the need for reinsurance and how it is affected.

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