Insurance Operations

This course provides students with an in-depth understanding of the internal workings and processes of insurance companies. This course covers core operational areas such as underwriting, claims management, actuarial science, reinsurance, and marketing. Students will learn about the organizational structure of insurance firms, the regulatory and legal frameworks that govern the industry, and the role of technology in streamlining operations. Through case studies and practical exercises, students will explore how insurance companies manage risk, deliver value to customers, and remain competitive in the marketplace.

Upon successful completion of this course, students will be able to:

• Understanding of Insurance Operations: Students will gain a thorough understanding of key functions within an insurance company, including underwriting, claims processing, reinsurance, and actuarial services.
• Regulatory and Compliance Knowledge: Learn about the legal and regulatory requirements governing insurance operations, including industry-specific regulations and compliance measures that ensure ethical and transparent practices.
• Risk Management and Underwriting: Develop skills in risk assessment and underwriting processes, learning how insurance companies evaluate and price risks to maintain profitability and solvency.
• Technology and Innovation in Insurance: Gain insights into how technology, data analytics, and automation are transforming insurance operations, improving efficiency, customer experience, and decision-making.

These outcomes are designed to equip students with the knowledge and skills necessary to manage and contribute to the operational success of insurance companies, preparing them for careers in various areas of the insurance industry.