THE BAHAMAS INSTITUTEOF FINANCIAL SERVICES
"Keeping Financial Services Education Relevant to Industry Needs"
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FUNDAMENTALS OF INSURANCE
This introductory certification course provides a comprehensive guide to the principles and practices of insurance services and insurance law in the Bahamas. This course will combine class lecture, concepts, case studies, and essential practices in the insurance industry to enable the financial services professional to successfully articulate, recognize, assess and manage customer needs, expectations and solutions to everyday insurance and risk management issues.
Course Objectives
On completion of this course, students are expected to be able to:-
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Demonstrate an understanding of the principles and practices of insurance; the existing legislation; and classifying and identifying risks
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Apply that knowledge and understanding to customer relations management in a competent and comprehensive manner
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Develop the proper knowledge and understanding of the law and legal issues of the insurance services and contracts; and their significance to financial institutions and the wider community
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Effectively communicate critical information to clients, colleagues, and regulators involving insurance planning, and delivery by using the knowledge gained through
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Apply the knowledge, critical and problem-solving skills to the resolution of insurance issues.
COURSE SYLLABUS
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Basic Principles and Practices of Insurance
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The Domestic Insurance Act
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Classification of Risk and Risk Management Concepts
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Registration, Market Conduce and General terms of Insurance
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Long-term Insurance
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Group Insurance
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General Insurance
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Pension & Annuities
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Insurance and Taxation in the Bahamas
COURSE DURATION: 10 weeks
DAYS: Thursdays
TIME: 6:00 pm - 9:00 pm
COST: $795 members - $895non-members
BOOK: $35
Learning Platform: Online
ACCREDITATION
The National Accreditation and Equivalency Council (NAECOB) is a statutory body established under the National Accreditation and Equivalency Council ACT of The Bahamas on the 4th of October, 2006; assented on 29th of December, 2006 and came into force 28th February, 2007. NAECOB is responsible for registering and accrediting primary schools, secondary schools, post-secondary schools, and any institution that offers training in The Bahamas. The National Accreditation and Equivalency Council of The Bahamas began operation in 2016.
