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Compare conventional and takaful emarat insurance company

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Reference no: EM13869733

Risk & Insurance

1. COURSE DETAILS

1.1. Course Description

Insurance industry is an important component in developed markets and is growing in emerging economies. Companies as well as individuals are worried about the study of risks when measuring the possible financial losses in case accidents might occur. Therefore, sharing such risks with insurance companies represent one of the major risk-financing tools.

This course is focusing on major lines of risks that are treated by commercial insurance companies. Analyzing the general aspects of the insurance market, regulation framework and different types of insurance careers associated to products channels of distribution will lead to better implement the adequate insurance covers and negotiate rates applied within such industry.

Finally, the course will emphasize the mechanism of Takaful insurance as an alternative to conventional insurance.

1.2. Course Learning Outcomes (CLOs)

Upon successful completion of this course, students will be able to:

1. Outline the insurance market and regulations.

2. Interpret insurers' financial statements.

3. Assess policies that are suitable to the business.

Related Insurance Institutions in the UAE:

1. Ministry of Economy (www.economy.gov.ae)

2. Insurance Authority (www.ia.gov.ae)

3. National Bureau of Statistics (www.uaestatistics.gov.ae)

4. Health Authority - (www.haad.ae) - Services and requirements (Authorized insurance providers / insurance brokers / TPA)

Assignment 1

Critical analysis and develop the outcome of the article "No new UAE visas without health insurance, says DHA"

Word Limit: 1000 words ( if you need more information you can search about the topic)

Assignment 2

Compare between Conventional insurance (ADNIC) company and Takaful Emarat Insurance Company in the UAE.

Word Limit: 1000 words ( if you need more information you can search about the topic)

Reference no: EM13869733

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