The insurance industry comprises companies and people who develop insurance policies and sell, administrate, and regulate them. Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. The insurance Industry manages the risk to people and businesses from the dangers of their current circumstances. Insurance policies are a safeguard against the uncertainties of life.

In this course by TechnoFunc, we bring to you Insurance industry overview, business model, value chain, competitive landscape, and latest trends. Insurance is a contract between two parties, the insurer or the insurance company and the insured or the person seeking insurance, whereby the insurer agrees to hedge the risk of the insured against some specified future events or losses, in return for a regular payment from the insured as premium. The insurance industry is comprised of a variety of stakeholders and supplies products and services that are designed to protect businesses and individuals from risks. The insurance industry players provide risk coverage to their clients and simultaneously need to manage their own risks to ensure competitiveness and profitability of their business model. Insurance companies adopt strategies that are unique to the environment they operate in to overcome these challenges and to propel growth and market share in a global environment. This section helps the learners understand key concepts, terminology, issues, and challenges associated with the insurance industry. In this course you will find the definitions, cultural, political, organizational and disciplinary perspectives of this industry.

This course on Insurance domain is designed to help learners understand key concepts, terminology, issues, and challenges associated with the insurance industry, and strategies employed to meet some of those challenges. In this exclusive online course, TechnoFunc brings to you Insurance industry overview which includes the business model, value chain, competitive landscape, and latest trends of Insurance industry.  Learn the various dynamics and challenges in the domain of Insurance Industry. Quickly enhance your business acumen and talk like an expert and impress your stakeholders in your next meeting!

Insurance Industry Domain Knowledge - Foundation Course provide a comprehensive learning experience to allow students to gain an understanding of the Insurance industry and how it operates. This course cover a variety of industry concepts, and also include lesson transcripts, video lessons, practice exams, and certificates to those who complete and pass the final assessment. This Introductory course covers the fundamental knowledge about the Insurance industry.

A career in the Insurance industry generally exist for candidates with specialized knowledge and background. The insurance sector is made up of companies that offer risk management in the form of insurance contracts. There are four main insurance sectors: Life & Health Insurance Industry, General Insurance Industry, Specialty Insurance Industry & Reinsurance Industry. Over the past decade, the life and retirement industry has experienced increasing instability. This comprehensive course introduces you to the basics of the Insurance industry using non-technical language, the concepts related to Insurance economy are explored. The course covers the fundamental principles and technologies used by the Insurance professionals. Upon completion you will emerge with a general understanding of the Insurance industry, its components, processes and technologies, and be able to relate this knowledge to the operations of Insurance companies. This course will transform you in a relatively short time to help you see all the elements of the Insurance business.

You will receive all the resources required to complete the course from us. There are no submission deadlines, and anyone from anywhere in the world can enrol in this course at any time. Our professional courses give you the perfect opportunity to expand your knowledge, learn new skills, and explore other careers. You will receive a certificate of completion once your course has been satisfactorily completed and you have passed the final exam. Each of these certificates may be valuable in enhancing future job applications or advancing your career with your current employer.

Learning Outcomes - What you will learn!

Insurance industry is witnessing an increased interest and investment. That’s why this career-defining course will enable you understand the concepts, sectors, business model and technological solutions deployed today in this rapidly evolving Insurance industry. People who operate in this profession in a variety of roles need to have a thorough awareness of the Insurance industry in addition to being able to grasp the business model, dynamics, and other aspects. This course addresses the gap and post completion you will be able to comprehend the larger picture. This training will transform you and help you comprehend every facet of the Insurance industry in a short period of time.

After studying this unit, the learner should be able to understand:

From Insurance practitioners to frontline Insurance workers, the Insurance industry stands at the core of our well-being for managing the various risks. This course will help you drastically improve your knowledge and skills by helping you understand key concepts, terminology, issues, and challenges associated with the Insurance industry. This course will also focus on how the industry is deploying technology to meet some of those challenges. In this course, we will discuss the evolution of the industry, its business model, main sectors, value, and supply chain, and the competitive environment in which the industry operates. Students will also learn about the current trends and technological advances happening in the industry. The key takeaway would be understanding how the Insurance business works; the core issues and challenges involved; the key terms and terminologies associated and an appreciation of the Insurance sector. These course will help you build a strong foundational understanding of the insurance eco-system.

This course is an intensive programme, covering several faucets of the Insurance sector, including:

• A full understanding of the Insurance industry
• Definitions in Insurance
• Fundamentals of Insurance
• To be able to explain the importance of the Insurance industry
• Sectors of Insurance Industry
• Types of Insurance
• The Business Model of Insurance Industry
• Principles of Insurance
• Improve you skills to work in the Insurance industry and learn the industry jargon
• Understand concepts and techniques related to critical functional areas of the Insurance ecosystem
• Competencies to lead in Insurance ecosystem
• Gain insights into emerging trends, challenges, and opportunities in the global Insurance industry
• Insurance Economics
• Overview of the accounting & operational processes of the Insurance industry
• Skills required to make a difference in multiple aspects of the Insurance industry
• Insurance Glossary
• Gain certification