Fundamentals of Insurance syllabus
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Fundamentals of Insurance
8 units
1 Risk Management (6 LHs)
2 Introduction to Insurance (6 LHs)
3 Principles of Insurance and Insurance Contracts (6 LHs)
4 Insurance Regulation (6 LHs)
5 Insurance Company Operations (6 LHs)
6 Insurance Intermediaries and Surveyors (5 LHs)
7 Financial Statements of Insurers (7 LHs)
8 Insurance Industry in Nepal (6 LHs)
1. Risk Management (6 LHs)
- Risk and Its Types
- Risk Management Objectives and Matrix
- Risk Management Process and Costs
2. Introduction to Insurance (6 LHs)
- Meaning, Characteristics, and Functions of Insurance
- Risk, Hazards, Gambling, and Hedging
- Types of Insurance
3. Principles of Insurance and Insurance Contracts (6 LHs)
- Principles of Insurance
- Elements and Characteristics of Insurance Contracts
4. Insurance Regulation (6 LHs)
- Objectives and Importance of Regulation
- IAIS and Beema Samiti
- Insurance Act, Regulations, and Directives
5. Insurance Company Operations (6 LHs)
- Rate Making and Underwriting
- Production and Claims Settlement
- Reinsurance and Investment
6. Insurance Intermediaries and Surveyors (5 LHs)
- Agents, Brokers, and Third-party Administrators
- Surveyors and Licensing in Nepal
7. Financial Statements of Insurers (7 LHs)
- Financial Statements of Life and Non-life Insurers
- Beema Samiti Guidelines
- Financial Statement Analysis
8. Insurance Industry in Nepal (6 LHs)
- Development and Status of Insurance Industry
- Insurance Trends, Opportunities, and Challenges
- Micro, Social, Health, and Agriculture Insurance