In your academic journey with Insurance Underwriting, you will develop knowledge and understanding about the insurance market, the key players, and how the business is managed within a regulatory and legal environment of a country, in particular, Malaysia, as well as the role of the regulator. You will also appreciate the basic principles of underwriting, the main influences on underwriting strategy, especially capital adequacy, and how risk is priced.
This text provides a practical, managerial approach to the subject and gives you a rich variety of examples and applications to illustrate the main principles through simple, yet effective learning aids.
Each chapter begins with a list of learning outcomes that you can expect to achieve by studying the topic. This is followed by a statement on why the topic is important. Together, they set out a clear contextual framework for you, within which you will conduct your study, being at all times conscious of why you are studying the topic.
This text begins with describing the key aspects of the regulatory and legal framework, which the industry players must comply with, and the main influences, which underpin the underwriting objective and strategy of a company. It then goes on to describe how underwriting policy and practice is developed, and discusses the main statistical techniques of measuring risks and relationships, and their application to insurance. The role and significance of reinsurance is explained, and the risk pricing discussed afterward. Finally the text also discusses the aspect of market research and product development.
Scattered throughout, are insightful thought primers that will set you thinking of what you have just read, learning activities and case studies that will help you reflect on issues as if you were facing them in the real-world.
Towards the end are a collection of rich review questions and tutorial questions to help you assimilate what you have learned and put your knowledge and skills to the test.
Klang Valley, Johor, Penang: 1-3 days; Rest of Peninsular Malaysia: 1-4 days; Sabah, Sarawak, Brunei: 5-7 days. All in working days
162 in stock