PRINCIPLES OF RISK MANAGEMENT, INSURANCE AND TAKAFUL

About this Course

  • 5 students enrolled
  • 4 instructors

Course Description

This course introduces the fundamental concepts in risk management and insurance, operations of insurance company, legal principles in insurance contracts, life insurance and annuities, general insurance and also Takaful.

Course Learning Outcomes

1 ) Describe the features and principles of life insurance and annuity contracts.
2 ) Decribe the features and principles of general insurance, Life insurance and Takaful.
3 ) Explain the concept of risk and insurance
4 ) Compare and explain the features and principle of Takaful.

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 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 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
Requirements of an Insurance Contract
Distinct Legal Characteristics of Insurance Contracts

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
Premium pricing and calculation

Islam and Insurance
Definition and principles of takaful
Takaful Product

Our Instructor

NORAINI BT MANAN

 Course Instructor
UiTM Shah Alam

DR. NORAZLIANI BINTI MD LAZAM

 Course Instructor
UiTM Shah Alam

MUHAMMAD HAZRANI BIN ABDUL HALIM

 Course Instructor
UiTM Shah Alam

PROFESOR MADYA DR MOHD ZAKI BIN AWANG CHEK

 Course Instructor
UiTM Kampus Tapah

 Frequently Asked Questions

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