The subject of Insurance and its types has become inevitable for our daily requirements.
The subject of Insurance and its types has become inevitable for our daily requirements. In this session, we will present the history and emergence of insurance, and types of hazards that we insure against it. We will also define insurance and its benefits.
Skills you’ll gain
Casualty InsuranceGeneral InsuranceInsurance LawInsurance PoliciesInsurance ProductsRisk PreventionWhat You'll Learn
- Trace the history and emergence of insurance and how the concept developed
- Identify the types and divisions of risks and distinguish between the causes and effects of risks
- Define insurance and explain its benefits
- Examine insurance divisions, the insurance premium, and the steps involved in insurance
- Compare the different types of insurance policies
- Explain what mandatory insurance is, including mandatory insurance in Saudi Arabia
Key Takeaways
- Insurance and its types have become inevitable for our daily requirements.
- The course presents the history and emergence of insurance and the types of hazards that we insure against.
- The course defines insurance and explains its benefits.
- Topics covered include insurance divisions, the insurance premium, the steps of insurance, and the types of insurance policies.
- The course addresses mandatory insurance, including mandatory insurance in Saudi Arabia.
Frequently Asked Questions
What does this course cover?
The course presents the history and emergence of insurance, the types of hazards that we insure against, the definition of insurance, and its benefits. It also covers risks and their types and divisions, the difference between causes and effects of risks, insurance divisions, the insurance premium, the steps of insurance, types of insurance policies, and mandatory insurance, including mandatory insurance in Saudi Arabia.
Why is learning about insurance important?
The subject of insurance and its types has become inevitable for our daily requirements, which is why understanding the concept of insurance is valuable.
What skills will I gain from this course?
The course covers skills including casualty insurance, general insurance, insurance law, insurance policies, insurance products, and risk prevention.
Does the course address mandatory insurance?
Yes. The course explains what mandatory insurance is and covers mandatory insurance in Saudi Arabia.
Transcript
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Concept of Insurance Welcome to this course from KnowledgeCity on the history of insurance and its inception In this course we will explain the types of risks, their divisions and the importance of distinguishing between causes and effects After getting a complete idea on the types of risks we will be able to define the concept of insurance clearly and get to know its full benefits Upon having a thorough knowledge of Insurance we will learn about the practices of insurance its documentation and the definition of premiums and the mandatory insurance
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