GIC Re Insurance Stream Exam Preparation Course: Comprehensive Guide With Detailed Modules

Course Content

Module: 1 Core Concepts of Insurance

1: Principles of Insurance
2: Types of Insurance
3: Basics of Reinsurance – Treaty and Facultative
4: Structure and Role of GIC Re in the Global Reinsurance Market
Quiz
Solutions and an Explanation.
Case studies

Module 2: Risk Management in Insurance

Module 3: Legal and Regulatory Framework

Module 4: Finance and Accounting for Insurance Companies

Module 5: Marketing and Distribution of Insurance Products

Module 6: Claims Management and Settlement

Module 7: Emerging Trends and Technology in Insurance

Module 8: Global Insurance Practices

Module 9: Specialized Insurance Domains

Module 10: Research and Analytics in Insurance

Practice sets

Practice set 1
Solution and Explanation
Practice set 2
Solution and Explanation
Practice set 3
Solution and Explanation
Practice set 4
Solution and Explanation
Practice set 5
Solution and Explanation
Practice set 6
Solution and Explanation
Practice set 7
Solution and Explanation
Practice set 8
Solution and Explanation
Practice set 9
Solution and Explanation
Practice set 10
Solution and Explanation

Course Content

Module: 1 Core Concepts of Insurance

2: Types of Insurance

3: Basics of Reinsurance – Treaty and Facultative

4: Structure and Role of GIC Re in the Global Reinsurance Market

Quiz

Solutions and an Explanation.

Case studies

Module 2: Risk Management in Insurance

2: Enterprise Risk Management (ERM)

3: Underwriting Principles and Best Practices

Quiz

Solution and Explanation

Module 3: Legal and Regulatory Framework

2: Essentials of an Insurance Contract

3: Compliance – AML, KYC Norms, and Governance

Quiz

Solution and Explanation

Module 4: Finance and Accounting for Insurance Companies

2: Reserves, Provisions, and Solvency Margins

3: Investment Strategies for Insurers and Asset-Liability Matching

4: Basics of Actuarial Valuation and Premium Pricing

Quiz

Solution and Explanation

Module 5: Marketing and Distribution of Insurance Products

2: Insurance Distribution Channels: Agents, Brokers, and Digital Platforms

3: CRM Techniques for Customer Retention

Quiz

Solution and Explanation

Module 6: Claims Management and Settlement

2: Fraud Detection Techniques and Prevention Measures

3: Legal Aspects of Claims: Arbitration and Dispute Resolution

4: Role of Technology in Claims Management

Quiz

Solution and Explanation

Module 7: Emerging Trends and Technology in Insurance

2: Digital Underwriting and Risk Assessment Tools

3: Emerging Products – Microinsurance and Climate Risk Insurance

Quiz

Solution and Explanation

Module 8: Global Insurance Practices

2: Key Regulations like Solvency II and NAIC Guidelines

3: Cross-Border Reinsurance and Global Players like Lloyd’s

Quiz

Solution and Explanation

Module 9: Specialized Insurance Domains

2: Marine and Aviation Insurance

3: Cyber Insurance: Managing Digital Risks

Quiz

Solution and Explanation

Module 10: Research and Analytics in Insurance

2: Market Analysis for Product Development

3: Real-Life Case Studies in Insurance Operations

Quiz

Solution and Explanation

Practice sets

Practice set 1

Solution and Explanation

Practice set 2

Solution and Explanation

Practice set 3

Solution and Explanation

Practice set 4

Solution and Explanation

Practice set 5

Solution and Explanation

Practice set 6

Solution and Explanation

Practice set 7

Solution and Explanation

Practice set 8

Solution and Explanation

Practice set 9

Solution and Explanation

Practice set 10

Solution and Explanation

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