The Insurance Industry Overview: Version 4

Overview/Description
Comprised of a variety of stakeholders, the Insurance industry provides products and services that are designed to protect businesses and individuals from risks. The industry players deliver risk coverage, while attempting to manage their own risks in an environment that is subject to regulatory requirements, competitive forces, margin pressures, and changing customer demands. Insurance companies adopt unique strategies to overcome these challenges and to propel growth and market share in a global environment. This course helps learners understand key concepts, terminology, issues, and challenges associated with the insurance industry, and strategies employed to meet some of those challenges. It identifies the main sectors of the insurance Industry and its business drivers, and reviews the key aspects of the industry business model, its competitive environment, and the current trends in the industry. Finally this course outlines key challenges facing this industry and presents common strategies that industry players are adopting to overcome challenges. This course was updated in 2015.

Target Audience
Consulting houses, industry investors, and all size companies that sell products or services to other sectors and industries; organizations looking for knowledge and key business information in the insurance industry


Lesson Objectives

The Insurance Industry Overview: Version 4

• identify the main drivers of the insurance industry
• recognize insurance industry sectors
• recognize the insurance industry business model
• classify key competitors in the insurance industry
• recognize examples of current industry trends
• recognize examples of insurance industry challenges
• categorize strategies for overcoming industry challenges