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Introduction to Insurance


Insurance Institute for Asia and the Pacific, Inc

Course Overview

This course aims to provide the fundamentals of non-life insurance and introduce the key ingredients necessary for a more thorough understanding of the concepts and practices of non-life. This course is divided into two parts starting with a bit of history, definition of terms, some characteristics of insurable risks, classifications of insurance, and a discussion on contracts. Part two is devoted to a discussion of parts of the insurance policy and the general principles of insurance.

What You Will Learn

Upon completion of this course, the learners are expected to:

  • recall the brief history of insurance in the Philippines
  • recognize the key terms in insurance, classification of insurance, risks, and policy contract
  • identify the parts of insurance
  • show understanding of the six general principles

Course Instructor

Course Staff Image #1

Francisco Papa

Subject Matter Expert

Course Content

Module 1

9 Videos | 2 Activities

9 Videos

  • Welcome to the course!
  • When and where did insurance begin?
  • Definition of Terms
  • Life vs. Non-Life Insurance
  • Types of Insurers
  • Desirable Characteristics of an Insurable Risk
  • Elements of a Contract
  • Defective Contracts
  • Characteristics of an Insurance Contract

2 Activities

  • Recall Activities

Module 2

9 Videos | 3 Activities

9 Videos

  • Preamble or Recital Clause
  • Cover Note
  • Principle of Utmost Good Faith
  • Principle of Indemnity
  • Principle of Insurable Interest
  • Principle of Contribution
  • Principle of Subrogation
  • Principle of Proximate Cause
  • Key Takeaways

3 Activities

  • Recall Activities
  • Final Exam
  1. Course Number

    BNL101
  2. Classes Start

    TBA
  3. Estimated Effort

    1-2 hours/week
  4. Price

    Free
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