Insurance Fundamentals for Engineers

Learn the fundamentals of insurance, from policy structure and products to policy lifecycles, distribution, claims, and pricing. You’ll build an understanding of key insurance concepts and terminology, how policies and transactions are managed, and the systems and processes that support the industry. By the end of the course, you’ll have a practical foundation for understanding insurance and working effectively in Insurtech.
Format

Online course

Schedule

Self-paced

Author

Tom Capp

Modules

8 modules

Included

Sharable Certificate

Price

$699

What you'll learn

In this course, you will learn the basic concepts in insurance, how policies are structured, the lifecycles of a policy the set sequence events the policies go through as well as how an insurance policy is priced, created and managed. By the end of the course, you will have learned the key terms you need to understand insurance, industry players and organizations, as well as an overview of systems and applications used in insurance.
Build a practical understanding of insurance fundamentals, terminology, industry players, and the systems used across the industry
Understand how insurance distribution works, including agency and carrier relationships, appointments, commissions, and premium flow
Learn how insurance policies are structured, including their key components, coverage, exclusions, conditions, and endorsements
Learn the fundamentals of claims and First Notice of Loss (FNOL), including claim processes, policy status, snapshots, timing, and data collection
Understand the insurance policy lifecycle, from creation and management through renewal and cancellation, including transactions, versions, history, and endorsements
Understand how insurance pricing works, including loss ratio, pricing variables and data, regulators, and the basic components of rating plans

Skills you'll gain

Insurance Fundamentals 
Policy Structure 
P&C Insurance
Policy Lifecycle
Policy Transactions
Insurance Distribution
Claims & FNOL
Insurance Pricing
Rating Plans
Loss Ratio
Insurance Terminology
Insurance System

Course Lessons

Thomas Capp


Tom Capp is a seasoned business leader with nearly three decades of insurance experience in product management, underwriting, direct sales, business development, and marketing. 

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