At present, the insurance sector is experiencing a period of great dynamism and growth. The demand for qualified professionals in Economic Aspects of Insurance has never been so high, driven by the market complexity and the need to manage risks efficiently. This course Economic Aspects of Insurance It is designed to give you a thorough understanding of key concepts such as the premium, co-insurance and the reinsurance, as well as the stages of the insurance policy and the rights and obligations of the parties. By the end of the course, you will have acquired the skills to make informed and strategic decisions in a workplace environment in constant evolution. Online training offers you flexibility and accessibility, enabling you to develop professionally at your own pace. Make the most of this opportunity to boost your career in a essential sector and expanding.
Economic Aspects of Insurance
Risk Management and Insurance
200 hours
Introduction
Objectives
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Understanding the fundamental concepts of insurance and its specific terminology in the economic sphere.
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To analyse the different types of safe operations international trade and its financial impact.
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Assess the stages insurance, including risk, loss and damage, within the context of its technical foundations.
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Identify the key elements which form part of an insurance contract and its relevance in the management from risks.
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To recognise the rights and obligations of the parties involved in an insurance contract and its practical application.
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To distinguish between the different types of policies and its duration, taking into account its role in providing insurance cover.
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Apply knowledge of insurance when making economic decisions and financial matters in the business world.
Table of Contents
TEACHING UNIT 1. CONCEPTS: INSURANCE, EXCESS, PREMIUM, SURCHARGE, REFUND, REINSURANCE, CO-INSURANCE
1. Concept of insurance
2. Insurable risks
3. Excess
4. Premium, additional premium, refund, co-insurance and reinsurance
TEACHING UNIT 2. CLASSIFICATION OF INSURANCE IN INTERNATIONAL TRADE TRANSACTIONS
1. Export credit insurance
2. Transport insurance
3. Third-party liability insurance
4. Bond insurance: customs guarantees and importer/exporter guarantees
TEACHING UNIT 3. STAGES OF INSURANCE: RISK, CLAIM, DAMAGE
1. Risk
2. Accident
3. Damage
4. Technical principles
5. Reduction, redemption and advance payment
TEACHING UNIT 4. ELEMENTS OF AN INSURANCE CONTRACT
1. Elements of an insurance contract
2. Personal insurance
3. Real insurance
TEACHING UNIT 5. RIGHTS AND OBLIGATIONS OF THE PARTIES
1. Insurance claims
2. Rights and obligations under the insurance policy
3. Obligations of the policyholder
4. Obligations of the insurer
TEACHING UNIT 6. TYPES OF POLICIES
1. The policy
2. Duration of the operation
3. Types of policies
4. Service provision insurance