Unit 1 Risk and Risk Management 1
Text A Introduction to Risk 1
Text B Floods—an Insurable Risk? 10
Unit 2 Insurance Principles Ⅰ 15
Text A Insurance as a Risk Management Technique:Principles Ⅰ 15
Text B Simple Personal Insurance Compensation Dispute Case 22
Unit 3 Insurance Principles Ⅱ 26
Text A Insurance as a Risk Management Technique:Principles Ⅱ 26
Text B More About Insurance Principles 34
Unit 4 Insurance Policy 39
Text A Terminology Related to Insurance Contracts 39
Text B Legal Aspect of Insurance Contract—Types of Contracts 46
Unit 5 Standard Policy Provision—Life Insurance 50
Text A Life Insurance Provisions 50
Text B Policy Sample 59
Unit 6 Standard Policy Provision—Health Insurance 81
Text A Individual Health Insurance Provisions 81
Text B Annuities and Individual Retirement Arrangement 87
Unit 7 Standard Policy Provision—Auto Insurance 93
Text A Personal Auto Insurance 93
Text B Factors Affecting the Cost of Personal Auto Insurance 102
Unit 8 Standard Policy Provision—Hull and Cargo Insurance 106
Text A Marine Insurance 106
Text B Marine Insurance Report 116
Unit 9 Life Insurance Market 121
Text A Life Insurance Market in 2008 121
Text B The No.1 Life Insurance Organization 128
Unit 10 Non-life Insurance Market 131
Text A Non-life Insurance Market in 2008 131
Text B Non-life Insurance in Some Countries in 2008 136
Unit 11 Insurance Company Operation 142
Text A Insurance Functions 142
Text B Product Distribution 148
Unit 12 Insurance Market Regulation 154
Text A Regulation 154
Text B Historical Development of EU Solvency Capital Requirements 160
Glossary 165
Key to Exercises 181