FIN375E
–
Risk and Insurance
Planning
Joseph Tan
2
nd
Feb 2018
Housekeeping
▪
Form a group of 4 pax, and submit by end of the class
▪
Announcement Board
–
Look for seminar slides. These will
be loaded up by next Monday of the last seminar
© 2013 SIM University. All rights reserved.
Study Unit 1
Insurance Fundamentals & Concepts
Introduction
© 2013 SIM University. All rights reserved.
•
Define the types of risk
•
Examine key characteristics of insurable risks
•
Adverse Selection & Moral Hazard
•
Explain risk management process
•
Identify the uses of insurance
•
Explain key concepts of insurance
•
Discuss how premiums are priced
