General Insurance Principles & Practices Training Course

Course Overview

Learning Objectives

• By the end of the course, participants will be able to:
• Analyze the fundamental concepts and functions of the insurance industry.
• Identify the principal characteristics and applications of general insurance.
• Explain the key legal and technical principles governing insurance contracts.
• Assess the insurability of different types of risks based on their characteristics.
• Apply the principles of insurable interest, indemnity, and utmost good faith.
• Analyze proximate cause in relation to insured losses and claims.
• Apply the principles of subrogation and contribution in relevant insurance situations.
• Differentiate between major general insurance products, policies, and coverage structures.
• Evaluate key risk factors associated with different general insurance products.
• Apply fundamental principles and processes of insurance underwriting.
• Analyze the major factors influencing insurance premiums and risk pricing.
• Evaluate policy issuance, administration, renewal, amendment, and cancellation processes.
• Apply fundamental practices for claims assessment, management, and settlement.
• Analyze the role of reinsurance in portfolio protection and risk distribution.
• Evaluate the relationship between underwriting quality, claims performance, and insurance profitability.
• Develop an integrated framework for applying general insurance principles and practices in the workplace.

Who Should Attend

Learning Outcomes

• Upon completion of the course, participants will be able to:
• Describe the structure of the insurance industry and the roles of its key stakeholders.
• Identify major classes of general insurance and their principal applications.
• Interpret the fundamental legal and technical principles of insurance contracts.
• Determine the presence and relevance of insurable interest in practical cases.
• Assess the application of the indemnity principle when evaluating insured losses.
• Analyze the impact of disclosure and utmost good faith on insurance relationships.
• Determine proximate cause when analyzing insured events and losses.
• Apply subrogation principles when recovering losses from responsible third parties.
• Explain contribution when multiple insurance policies cover the same risk.
• Analyze insurance policy structures, conditions, exclusions, limits, and deductibles.
• Apply fundamental steps in insurance risk assessment and underwriting.
• Evaluate the principal factors affecting insurance premium determination.
• Analyze the key stages of claims processing and settlement.
• Explain the role of reinsurance in managing insurance exposures and protecting portfolios.
• Evaluate key indicators of insurance portfolio quality and performance.
• Develop a practical framework for applying general insurance principles across core insurance operations.

Course Outline