AU: 4.0
Programme: BUS

The aim of this course is to enable students to understand the nature and types of general insurance policies that are available in the market, the range of coverage in each type of policy, the clauses stated, the underwriting and claims management procedures, the distribution channels, and how the rates and premiums are determined. In particular, various insurance classes such as fire and ISR, homeowners, auto owners, marine and cargo, public liability, product liability, professional indemnity, workers' compensation, compulsory third party, accident and health, extended warranty, mortgage, consumer credit, trade credit, and fidelity are introduced. It provides working knowledge of property and casualty insurance.