Overview
This module provides an understanding of the principles and practice of the insurance market and how insurance companies operate in the property and casualty (P&C) and long-term markets in the UK and worldwide.
This module assumes that you have no prior knowledge of the insurance marketplace. It has been designed to provide you with a sound understanding of all aspects of the nature and role of insurance, from the basic principles through to how the industry works in practice. This includes how the insurance market functions and the relationships between the organisations involved, including why and how they are regulated. It also provides an overview of the types of product available.
Summary:
- core principles of insurance
- how the insurance market functions
- the relationships between organisations
- industry regulation
Course details
Cost
The cost of this module depends on the study method you select:
Distance learning
£735.00
Flexible learning
£895.00
Next course start date
1 May 2012
Course duration
24 weeks (300 study hours)
Credits
This option module is worth 30 credits
Studying for this module
The course of study lasts 24 weeks and the overall study time for the module is 300 hours (approximately 12 hours per week), including assessment preparation time. You will be guided through your studies by the learning materials and supported by your associate lecturer.
Learning support
There are a number of study methods available, allowing you to select the approach that is best suited to your support needs. Choose from:
- Distance learning: a more flexible approach to studying, which allows you to fit your learning around your job and other commitments. You will be supported by an associate lecturer who can provide guidance on how to study and answer any questions you have about the course content.
- Flexible learning: allows you to fit your studies around your life but still benefit from face-to-face contact with a workshop tutor. A series of 3 1-day workshops, run by specialist tutors, are scheduled at regular intervals throughout the course of study. Workshops cover specific module topics and are an opportunity to ask questions and meet other students.
Learning resources
For each module you will receive a core text, written by industry experts and updated regularly to reflect the fast-changing nature of the financial services industry. ifs learning materials are developed specifically around each module syllabus and learning outcomes.
Through the ifs secure website you will have access to the following additional resources:
- a study guide that provides a week-by-week route through the syllabus, linking the textbook, additional readings, assignments and exam preparation, as well as suggesting further opportunities for research
- student induction materials that provide guidance on study skills and tips on preparing for assessment
- our e-library, ifs KnowledgeBank, which contains a wide range of current research and management data to help you with your studies. It gives you the opportunity to access a wealth of study material, which includes textbooks, financial glossaries and articles from leading journals. ifs KnowledgeBank is an important tool in enabling you to expand your knowledge and read around particular subject areas
- module discussion forums – you can use these to post questions to a web tutor, raise a query with the ifs or chat to other students
- electronic copies of learning material,s giving you greater flexibility to choose when and where you study
- specimen assessment material
Assessment
Comprises 2 assessment components: a 2-hour written examination and a summative assignment.