PRINCIPLES OF RISK MANAGEMENT, INSURANCE AND TAKAFUL

About this Course

  • 428 students enrolled
  • 7 instructors

Course Description

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 Learning Outcomes

1 ) Describe the features and principles of life insurance, general insurance, annuity contract and Takaful.
2 ) Explain the concept of risk and principles of insurance.
3 ) Present with confidence and responsive in presenting the types of products in insurance industry.

Course Details

STATUS : Open
DURATION : FLEXIBLE
EFFORT : 4 hours per week
MODE : 100% Online
COURSE LEVEL : Beginner
LANGUAGE : English
CLUSTER : Science & Technology ( ST )

Join this course

 Syllabus

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

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

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

- Principle of Indemnity
- Principle of Insurable Interest
- Principle of Subrogation
- Principle of Utmost Good Faith
- Requirement of an Insurance Contract

- 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

- Types of General Insurance Products
- The Main Features of the Malaysian Insurance Market
- The Actuarial Basis of General Insurance

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

Our Instructor

NUR HAIDAR BINTI HANAFI

 Course Instructor
UiTM Kampus Seremban 3

DIANA JUNIZA BINTI JUANIS

 Course Instructor
UiTM Kampus Seremban 3

NOR MARIYAH BINTI ABDUL GHAFAR

 Course Instructor
UiTM Kampus Tapah

AHMAD NUR AZAM BIN AHMAD RIDZUAN

 Course Instructor
UiTM Kampus Tapah

NUR FAEZAH BINTI JAMAL

 Course Instructor
UiTM Kampus Tapah

ISMA LIANA BINTI ISMAIL

 Course Instructor
UiTM Kampus Tapah

 Frequently Asked Questions

A1 : No. You do not need basic knowledge to start learning this course as this course is for beginners with no specific background.

A2 : No. Anyone can learn this course.