Risk, which is pervasive in business and in life, needs to be properly managed. This can be done in two ways, firstly by taking preventative measures to mitigate the risk, and secondly by funding the adverse consequences of risk, something which is typically and most successfully done through insurance. Insurance provides stability, in the society by necessary arrangement of security against loss form unexpected risks.

This course offers comprehensive information on various concepts, methods and framework of insurance, giving systematic overview on a global basis.