Overview
Define insurance; Trace the history of insurance in Nigeria; List and explain the basic principles; Describe the various types of insurance; Explain the various types of risks; Explain the meaning of under writer; Explain the role of insurance broker and agents; Give examples of under writers; Discuss the importance of insurance to business.
What you'll learn
- Definition.
- History.
- Basic principles
- Insurable interest
- Indemnity
- Utmost good faith
- Subrogation.
- Types
- Life Insurance
- Wholelife assurance
- Endowment
- Non-life insurance
- Motor vehicle
- Fire
- Fidelity
- Burglary/robbery /theft
- Accidents
- Consequential loss
- Marine
- Exporter.
- Underwriting Reinsurance Corporation of Nigeria
- Types of risks:
- Fundamental risks
- Particular risks
- Speculative risks
- Pure risks.