Introduction to Insurance

The Introduction to Insurance course is designed specifically for information technology professionals, who are new to the insurance domain or who are already involved in insurance projects but want to refresh their knowledge. Geographical focus of this course is USA. The course, while covering life and health insurance, is more focused on property and casualty insurance. This means that the examples provided are primarily from P&C insurance in the United States.

Objectives of this course are : 

• Understanding the importance of business domain knowledge in software development
• Absorb the insurance concepts to set the basis for understanding the insurance transactions
• To know divisions of insurance segments across geographies
• To acknowledge the differences of primary lines of insurance
• Aware of Life, Health insurance and Property and Casualty insurance products in USA geography

You will be learning :-

• Application of domain knowledge in different software development life cycle phases and its importance
• Different shades of insurance knowledge – Understanding what is required for insurance professionals vs what is required for information technology professionals
• Meaning of risk from insurance perspective, risk management techniques
• Legal elements of insurance contract
• How insurance works?
• Insurance principles
• Geographical segments of insurance
• Primary lines of insurance
• Characteristics of insurance lines
• Introduction to insurance products (Life, Health and P&C)
• P&C insurance products and market place
• Insurance organization and regulatory authorities from USA perspective