Health & Property Insurance

Section 1: Introduction to Commercial Insurance

• The Commercial Insurance Context
• Commercial Insurance Stakeholders
• Risk Management and Commercial Insurance
• Identifying Exposures
• Applying for Coverage
• Analyzing Risk
• Implementing the Policy
• Commercial Claims
• Commercial Property Exposures
• Commercial Property Solutions

Section 2:Takaful Health Insurance

• What is Takaful?
• Prohibitions of Gharar, Maysir and Riba
• Gambling and Insurance
• Basis and Principles of Takaful
• Why No to Conventional Insurance
• How does Takaful work
• Pricing Transactions Linked to Interest-rate Benchmark
• Retakaful or Reinsurance
• Shari'ah Authenticity
• Shari'ah Supervisory Board [Religious Board]
• Status of Takaful

Section 3: Risk Management

• How risk management can assist organisations to achieve their objectives
• The benefits of risk management and its relationship with corporate governance, social responsibility, sustainability and organisational prosperity
• The types of risk exposure typically faced by an organisation and the concepts of opportunity and downside risk
• External influences such as markets and regulation
• ISO 31000 and risk management principles, framework and process
• The skills to assess risk effectively and to select appropriate risk treatment techniques
• How risk management should be organised and its relationship with boards, audit and other business functions
• The importance of culture, communication, incentives and behavior in an effective risk management structure

Section 4: Insurance Contract Wording

• Terms and conditions of commercial (re)insurance contract wordings
• Importance of using defined terms and consistent language.
• Key components of commercial (re)insurance contract wordings.
•  Different ways of defining the amount (re)insured
•  Rights and duties of the (re)insured.
•  Operation of dispute resolution clauses.
•  Provisions of cancellation clauses.
•  Purpose and effect of endorsements.
• Use & Operation of proportional treaty reinsurance clauses.
•  Importance of  event definitions in reinsurance wordings.

Section 5: Managing Insurance Claims, Understanding Insurance Law & Regulation

• Principles and practice of Life insurance
• Management and Organizational Behavior
• Managerial Economic Forecasting
• Accounting for insurance
• Statistics for Insurance
• Computers for Managers 
• Bank and risk management 
• Marketing management 
• Financial management 
• Human resources management 
• Marine and rural insurance 
• Fire and motor insurance 
• Marketing for insurance services