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W01_C00_Introduction to Cause and Insurance | Introduction to Insurance | YouTubeToText
YouTube Transcript: W01_C00_Introduction to Cause and Insurance
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Video Summary
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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