Courses Catalogue

Principles And Practices Of Insurance Management

COURSE CODE: BUS 2203
COURSE CREDIT UNIT: 3
ACADEMIC PROGRAMME: Business Administration (Finance & Banking)
COLLEGE/SCHOOL/FACULTY: College of Economics and Management
STATUS: Core
PROGRAMME TYPE: Undergraduate

Course Content and Outline

COURSE CONTENT

Introduction

  • Origin of insurance
  • Definitions
  • Basic features of insurance
  • Concepts of insurance
  • Forms of risks.

Positioning insurance as a risk management tool

  • Risk management process (risk identification
  • Assessment
  • Selection
  • Techniques
  • Implementation and review)
  • Risk measurement (probability distributions
  • Standard deviation
  • Portfolio theory measurement)

Doctrines and practices of insurance

  • Fundamental doctrines (insurable interest, utmost good faith, proximate cause)
  • Others indemnity, subrogation, contribution.

Functions and classification of insurance

  • Financial intermediation role of insurance
  • Primary and secondary functions
  • The classes of insurance.

The insurance market

  • The general structure of the insurers market
  • Composition of the insurance market in Uganda
  • The role of government in insurance.

Legal aspect of insurance

  • Insurance law
  • Law of contract
  • Law of agency.

MODE OF DELIVERY

·         Lectures

·         Reading assignments

·         Practical assignments

·         Field trips

·         Documentaries

INSTRUCTIONAL MATERIALS AND / OR EQUIPMENT

·         Whiteboard and Markers

·         Flip Charts

·         LCD Projectors

·         CDs, DVDs and Tapes