• We are available for any custom works this month
  • Main office: Springville center X264, Park Ave S.01
  • Call us (123) 456-7890 - (123) 555-7891

Course Information

About this Course

This course will define, describe and analyze important concepts in basic risk and insurance principles. Life and general insurance, as well as Takaful principles will be discussed.

Course Syllabus

Risk and Insurance
- Definition of Risk and Insurance
- Types of Risk and Insurance
- Methods of Handling Risk
- Basic Characteristics of Insurance
- Requirement of an Insurable Risk

Introduction to Risk Management
- Meaning of Risk Management
- Objectives of Risk Management
- Steps in the Risk Management

Insurance Company Operations
-Insurance Company Operations
-Rate Making and Insurance Pricing
-Underwriting Production
-Claim Settlement
-Reinsurance
-Investment
-Other Insurance Company Functions

Legal Principles in Insurance Contracts
- Principle of Indemnity
- Principle of Insurable Interest
- Principle of Subrogation
- Principle of Utmost Good Faith
- Requirement of an Insurance Contract

Fundamental of Life Insurance and Life Annuities
- Types of Life Insurance Products and Annuity Contracts
- The Main Features of the Malaysian Insurance Market
- The Actuarial Basis of Life Insurance
- Premium Pricing and Calculation

Fundamental of General Insurance
- Types of General Insurance Products
- The Main Features of the Malaysian Insurance Market
- The Actuarial Basis of General Insurance
- Premium Pricing and Calculation

Fundamental of Takaful
- Islam and Insurance
- Definition and Principles of Takaful
- Takaful Product

Frequently Asked Questions

Q1 : Do we need any basic knowledge of insurance to start this course?
A1 : No need as this course is for beginner with no specific background. Anyone can learn from this course.