Property and Casualty Insurance Essentials (CA)


To understand how insurance is used as a risk management technique, it is important to understand the nature of risk and risk management as well as property and liability loss exposures and the risks that property and liability insurance covers. This course begins with a review of risk management concepts and then deals with the fundamental insurance concepts, the insurance business, insurance regulation, and the structure and interpretation of insurance contracts. Then using this information, the course moves to a more detailed discussion of common personal lines and commercial lines insurance coverages. The course wraps up with the important subject of ethics in the insurance business.

Learning Objectives

On completion of this course, students will be able to

  • recognize the role of insurance as a risk management technique,
  • recognize fundamental insurance concepts and the core functions of the insurance business,
  • identify the coverages offered by standard personal lines and commercial lines insurance policies
  • identify examples of both ethical and unethical behavior in business

Designed For

Property and casualty producers; adjusters; public adjusters
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

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