Course

Course Summary
Credit Type:
Course
ACE ID:
AICP-0108
Organization's ID:
AINS 24
Organization:
American Institute For Chartered Property Casualty Underwriters/The Institutes
Location:
Classroom-based
Length:
11 weeks (44 -- 55 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Principles Of Insurance
Description

Objective:

The course objective is to provide information technology professionals who support property-casualty insurance operations a comprehensive awareness of the overall business of insurance including the types of insurers, personal and commercial insurance policy provisions, risk management, and regulation.

Learning Outcomes:

  • Common types of personal and commercial insurance
  • Summarize the types of insurance distributions systems
  • Classify these functions of insurers and explain how they are regulated: marketing, underwriting, ratemaking, and claims
  • Understand the roles of insurance
  • Property and liability loss exposures
  • The purpose, scope, and benefits of risk management
  • Explain how insurers are regulated, including regulation applying to rates, forms, market conduct, and solvency
  • Describe the nature and provisions of property and casualty insurance contracts
  • Distinguish among insurance providers. Students will also understand insurer financial statements and how to analyze insurer profitability

General Topics:

  • Understanding insurance
  • Insurers and how they are regulated
  • Insurer financial performance
  • Marketing
  • Underwriting and ratemaking
  • Claims
  • Risk management
  • Loss exposures
  • Insurance policies
  • Personal insurance
  • Commercial insurance
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials