Course Code: 7077
Description:
Insurance is a very important topic for business. The use of insurance to reduce the adverse financial impact in case of a loss has become an important element of financial and risk management for businesses and the society as well. This course will cover the theories underlying each major type of insurance products; the characteristics of the contractual agreements pertaining to insurance products; the structure of the insurance industry and its impact on the pricing of insurance products; the operation of insurance companies and the need for government regulations of the industry. The theories and principles discussed in this course apply globally.
The course will focus more on the Libyan context to shed more light on the local business practices. The course will be focused more on students as they will be fully engaged in different types of online learning activities.