Introduction to Risk management and Insurance
Definition of risk and types of risk
Definitions and objectives of risk management
Steps in the risk management
Basic Characteristics of Insurance
The requirement of an insurable risk

Insurance Company Operation
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
Requirements of an Insurance Contract
Distinct Legal Characteristics of Insurance Contracts

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

Q1 : What is risk management?
A1 : Risk management refers to the practice of identifying potential risks in advance, analyzing them and taking precautionary steps to mitigate the risk.