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Why you need this course:
Understanding the key elements of how insurance works, as well as how it benefits society is crucial to having a solid grasp of insurance industry fundamentals. By completing this course, you’ll gain confidence in your knowledge and understanding of essential insurance concepts and you’ll know how to apply them to your everyday work.
Upon successful completion of all five modules in this course, you should be able to:
- Explain why the concepts of risk, transfer, and pooling are essential to insurance
- Explain how the law of large numbers applies to insurance
- Identify the common types of personal and commercial insurance policies available to cover customers’ needs
- Explain how insurance benefits society
- List the ways in which insurers allocate the premiums they collect
We recommend that you study the modules in the order presented in the course.
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