Insurance industry is an important component in developed markets and growing in emerging economies. Companies as well as individuals are worried about the study of risks when measuring the possible financial losses in case accidents might occur. Therefore, sharing such risks with insurance companies represent one of the major risk-financing tools.
This course is focusing on major lines of risks that are treated by commercial insurance companies. Analyzing the general aspects of the insurance market, regulation framework and different types of insurance careers associated to products channels of distribution will lead to better implement the adequate insurance covers and negotiate rates applied within such industry.
Finally, the course will emphasize the mechanism of Takaful insurance as an alternative to conventional insurance.