Trascrizione YouTube:
W01_C00_Introduction to Cause and Insurance

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Summary

Core Theme

This course module provides a comprehensive introduction to the insurance industry, covering its fundamental concepts, operational dynamics, key players, market structure, and diverse product offerings. It aims to equip participants with a holistic understanding of insurance as both a product and a sector.

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Hello participants, welcome to this

module on course on insurance. My name

is Shankrshin Basu and I am a faculty in

the finance and accounting area at IM

Bangalore. This course is designed to

kind of give all of y'all an

introduction into the world of

insurance. What is insurance? How does

insurance operate? What does it mean to

be an insurance policy holder? an

insurance company, a reinssurer and the

likes of it. What are the processes that

run the operational dynamics that kind

of get the insurance industry running?

What is this industry in terms of value?

How large is the industry? What does it

take? Who are the main players? You

know, what kind of customers do you

have? How does different countries

seemingly appear to be different because

of their insurance coverage? uh is there

a divide between the developed and the

developing or the emerging countries

and the likes of that and then finally

going on to a little bit of the

products. What is a life insurance

product? What is the non-life product?

Uh or what are the non-life products?

What's reinsurance? How do you look at

what are the factors that you look at to

pricing it to essentially finally the

insurance for the insurers which is reinsurance.

reinsurance.

So over the next you know few modules

the idea is to take you through an

overview and through this this large

gamut of things which together comprise

of the insurance sector the insurance

industry and with all its stakeholders

in place. So that's what this course is

supposed to kind of take you and help

you understand and at the end of this

course you will therefore have a better

understanding of insurance both as a

product as a sector and as the

operations and as the details of what

goes into insurance and risk mitigation

techniques. So without further ado let's

get along to starting with it and let me

start off by talking to you about or

introducing insurance to all of you in

some sense. [Music]

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Trascrizione YouTube:W01_C00_Introduction to Cause and Insurance