To acquaint the student with the insurance industry, insurance marketing, company operations, pricing, government regulations, and the agency system. The student will be required to communicate in writing ideas central to the course. This will be accomplished through written reports and examination questions. The student will be required to orally communicate the basic concepts through classroom discussion. The student should be able to understand the role that economic institutions play in the organization and administration of the insurance industry.
Statistical data is extremely critical to the underwriting management of the insurance industry.
The student should know that the use of graphics is a very useful tool in learning economics. A student should be able to use the simple graphs introduced in the principles of economics as they might apply to the insurance industry and risk management. 2nd edition, 1992. USED A. Lectures covering essential material in each chapter assignment. B. Extensive classroom discussion.