Level: Beginner
Why you need this course:
After completing this course, you’ll have a solid understanding of the basic benefits of insurance, the basic functions of insurers, insurers’ sources of revenue and expenses, and how competition influences the marketplace.
Upon successful completion of this course, you should be able to:
- Describe the benefits of insurance.
- Describe the core and supporting functions performed by insurers.
- Describe the main sources of revenues and expenses for insurers.
- Explain how the profitability of insurers is measured.
- Explain how admitted insurers, nonadmitted insurers, residual markets, and government programs meet the insurance needs of customers.
- Explain how each of the following influences competition in insurance markets:
- Number and size of competing insurers
- Substitutions for insurance
- Knowledge of the market
- Size and growth of overall market.
Cost: $20 per Professional Development Hour (PDH). Information on PDHs provided can be found
here.
Insurance Business Fundamentals Topics Include:
- The benefits of insurance
- Core and supporting functions performed by insurers
- Main sources of revenues and expenses for insurers
- How the profitability of insurers is measured
- How admitted insurers, nonadmitted insurers, residual markets, and government programs meet the insurance needs of customers
- Several ways in which competition in insurance markets is influenced
Additional Course Resources
Additional Knowledge Solutions
E-mail: customerservice@TheInstitutes.org
Phone: (800) 644-2101
Fax: (610) 640-9576
Mail: AICPCU/IIA
720 Providence Road
Suite 100
Malvern, PA 19355-3433
Customer Service hours are Monday through Friday, 8:00 a.m. to 6:00 p.m. eastern time.
