* All fees are exclusive of vat ** PREMIUM - Customize your learning experience
This course provides a general overview of insurance principles, beginning with frequently used terms and their definitions as used in the industry. As the course develops, it illustrates the insurance process and its need, and then grows into a manual of sorts, guiding the reader through the various mechanics, the type of insurance products available, and the applicability in different situations.
What Do Participants Learn?
Understanding the differentiating between insurance, insured and insurer
Understanding the similarities between risk transfer mechanisms and insurance
Being familiar with key concepts/terms used in relation to insurance
Learning the mechanics of insurance
Understanding the mechanics of Life Insurance, its need, and importance
Differentiating between the various types of insurance companies
Who Should Attend?
Financial & Accounting Professionals
Those who are interested in the field
What Will the Learning Experience Include?
Comprehensive pre-program activities include:
Web-based information forms & surveys completed by attendee.
Direct consultation with the attendee about the expectations.
During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
Participants learn from expert trainers who have both academic and business experiences.
Highly applicable training content & instructive activities for adding depth to training topics.
**A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Explore & Practice
Apply & sustain the learning experience by using this ongoing support:
To ensure participant has new skills or behavior progress.
Optional, fee-based mentoring & coaching with the trainer.
Training materials & additional documents (e-books, pdf files, presentations and articles)
Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
Section One: Overview of Cost Estimating
Definition of Insurance
Parties to the Insurance contract
Nature of Insurance contract
Section Two: The Cost Estimating Process
The making of an insurance contract
The proposal form
The principle of good faith
Long-term care insurance
Section Three: Estimating Methodologies
Property and casualty
Section Four: Cost Risk, Uncertainty, Validating and Documenting the Estimate
The settlement of a claim
Personal property insurance
Section Five: Linking the Credible Cost Estimate to the EVM system