Insurance is defined as the process through which the party wishing to insure resorts to the companies responsible for providing the insurance service, which collect and limit the information related to risks and according to their specific ratios, and determine the material value to compensate for these risks in the event that they occur to the first party in return for the party wishing to obtain insurance coverage paying a set of sections that are agreed upon and their value through the legal contracts concluded between the two parties under the penalty of the laws regulating those contracts. Insurance also plays an important role in the organization of risk management, which can be defined as a method or approach for designing specific systems in order to reduce the effects of specific risks that individuals or institutions may be exposed to by predicting those risks and determining their occurrence rates accurately and determining the economic losses that may result from them in the event that they occur and agreeing on methods of compensation for the loss in the event that they occur through the legal contract that specifies the period and method of compensation, which is subject to the insurance laws in the same country.

This training course aims to introduce participants to the concept of insurance as a basic and modern element in order to secure money and property against potential risks, in addition to providing participants with sufficient cognitive experience in order to manage insurance and clarify the systems governing the insurance activities in force. In the same context, the role played by optional means such as arbitration and mediation that parties to insurance relationships may resort to in order to resolve disputes between them will be clarified.

Accordingly, the British Academy for Training and Development offers a course in the basics of insurance, for anyone who wishes to acquire great skills in managing insurance for employees in companies and institutions, insurance conditions, risk management and methods of applying it in insurance companies.

Who Should Attend?

• Managers of institutions and companies.
• Businessmen who wish to develop their skills in insurance management.
• Students and graduates of business administration colleges in various universities.
• Insurance brokerage companies.
• Insurance agents.
• Anyone who wishes to develop their expertise to work in the field of insurance and risk management.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• The concept of insurance as a modern transaction necessary to secure money and property against potential risks.
• Insurance management.
• The systems that govern operating insurance activities.
• The role of optional means such as arbitration and mediation that parties to insurance relationships may resort to in order to resolve disputes between them.

• Introduction to insurance in general.
• The importance of insurance.
• How insurance began.
• Characteristics of insurance and risk management.
• Risks and obstacles in the work of insurance companies.
• The relationship between insurance needs.
• Establishment, maintenance and termination of social insurance contracts.
• Evaluation of the impact of changing circumstances on insurance arrangements in general.
• Insurance products and related services.
• Technical and legal principles in insurance.
• Insurance procedures and policies.
• Basics of insurance management in insurance companies.
• Legislative topics and laws related to insurance.
• Rules and regulations related to the insurance industry.
• Risk classification and current coding of procedural terms.
• Common procedure coding system in risk management.
• Compensation methods and types of insurance programs.
• Social insurance: nature and characteristics.
• Types of social insurance products.
• The difference between social insurance and social security.
• Social risks covered by social insurance compensation.
• The need for social insurance through risk management.
• Social insurance methods from a risk perspective.
• The negative effects of social insurance.
• Cost/benefit analysis of social insurance.
• Social and economic effects of the social insurance system.
• Medical insurance.
• Medical malpractice insurance.
• Personal accidents and civil liability.
• Takaful insurance and traditional insurance and the difference between them.
• Basics and instructions for compensation claims.
• How to submit compensation claims.
• Claims review and verification processes.
• Legal procedures in the event of a dispute.
• The role of regulatory and supervisory authorities.
• The impact of insurance on the economy and society.
• The role of insurance in protecting property and supporting individuals and institutions.
• The impact of technology on the insurance industry.
• Digital insurance and the use of analytics in risk assessment.