AIN2620 - International Insurance Principles and Markets

Year of Study:2 - 4
Credit Units: 3
Duration: 45hours
Prerequisites: AMS1301 Foundations of Data Science or AMS1303 Probability and Statistics; or with the Module Coordinator’s permission and upon endorsement of the relevant Head.
Module Description
This module explores the role of insurance in risk management in an international context. Topics include: concepts and principles of risk management and insurance; insurance industry environment; international regulatory framework of insurance; functions of insurance companies; types of insurance products; administration in insurance companies; and overseas and China market development.
Learning Outcomes
Upon completion of this module, students should be able to:

  1. describe the concepts and principles of insurance;

  2. identify and analyse various administrative, regulatory and ethical insurance practice;

  3. understand the features of different types of insurance;

  4. demonstrate knowledge of underwriting and claim procedures; and

  5. show an understanding of the international market development.