Risk management

The course explores the insurance industry’s relationship to its external environment. It will examine the regulatory environment, and the general dynamics of the how the insurance industry operates. It examines insurance within the general framework of the concepts, approaches and methodologies adopted by organization in the risk mana­ge­ment process.

 Course objectives

The objectives of this course include;         

1. To enable students appreciate the framework for the general conduct of insurance and reinsurance business.
2. To provide the basic knowledge about fundamental principles of insurance and their application
3. To make students understand how insurance enterprises are organized
4. To equip the students with the basic characteristics of insurance cover and the knowledge of the production processes involved

 Learning outcomes

After completing this course, the student should able:

1. To have the knowledge to do insurance business
2. To explain the business and economic cycle of the insurance industry.
3. To explain the consumer oriented regulatory environment pertaining to the insurance industry.
4. To appreciate the insurance market determinant factors and how they impact on the behavior of the market participants
5. To understand the operational environment of insurance enterprises in particular the regulatory framework

Further reading

boatright,j.,R.(2000) . Ethics and the conduct of business. New Jersey: prentice hall

Chryssides, G.,D.& Kaler, J H (.1993). An Introduction to business ethics. London :Chapman &Hall.

Davies, P.,W., F.(1997). current issues in business ethics. London: Rutledge

Dearborn,R., Dearborn.,&Newkirk,R.(1996). ethics for the insurance professional (2nd ed.)Dearborn financial institute.

Fraedrich,F., J.,& Ferrell,L(2009). business ethics (9th ed.). Kaplan publishers ISBN9780793152643

Brownlee,K.(2002). Winning by the rules: ethics and success in the insurance profession. Nati underwriting Co.

Sorell Ltd,& Sorell,T. (2002).Health care, ethics and insurance. Routledge.

The silver lake Editors, (2011). Ethics: A guidebook for insurance agents and other a financial services professionals (5th ed.) sliver lake publishers

Barrett,C. (2000). Managers`s gide to freight loss and damage claims, (2nd ed.)

Chartered insurance institute, "claims management,2016 the insurance institute of south africa claims practice,2018-2019 study text

Thomas Bodenheimer and Kevin Grumbac, "understanding health policy: a clinical approach", 7th edition , 2020 , McGrow- hill edition

Elisabeth Askin and Nathan Moore, "The Healthcare handbook: How to Avoid Medical Errors, find the best Doctors, be your own patient Advocate & get the most from healthcare, " 2nd edition, 2018, create space independent publishing platform

Sharon B. Buchbinder and Nancy H. Shanks, "introduction to health care management", 3rd ed. jones & Bartlett learning

Joel B. Teitelbaum and Sara E Wilensky, " Essentials of health care management " 3rd edition , 2016, Jones & Bartlett learning

Patrice L. Spath, " Introduction to health care quality management", 3rd edition , 2018 , Health Administration press

Kiryabwire, G. W. M. (2005). Alternative Dispute Resolution

John C. Hull, "Options, Futures, and Other Derivatives"2017, 10th edition, Pearson

The insurance regulations 2002, laws of uganda

Jaffer, S. (2007). Islamic insurance: Trends, opportunities and the future for Takerful. Euromoney books.

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