Part Ⅰ Principles of Insurance Chapter 1 Risk and Insurance 1.1 Insurance Definition 1.2 The Concept of Risk 1.3 Classifications of Risk 1.4 Insurance and Uninsurable Risks 1.5 Pooling of Risk 1.6 Perils and Hazards 1.7 Functions and Benefits of Insurance 1.8 Reinsurance, Co-insurance, and Self-insurance 1.9 Insurance History and Evolution 1.10 Insurance Products Review Questions Further References Chapter 2 Insurance Regulation and Supervision 2.1 Insurance Regulation 2.2 The Purpose of Regulation 2.3 Reasons the Insurance Industry Needs to be Regulated 2.4 Overview of Regulated Activities 2.5 Regulation of Insurance in Different Countries Case Study Review Questions Further References Chapter 3 The Insurance Market 3.1 Introduction of the Insurance Market 3.2 Components of the Insurance Market 3.3 Intermediaries 3.4 Distribution Channels 3.5 The Role of Ancillary Players in the Insurance Market Review Questions Further References Chapter 4 The Insurance Contracts 4.1 Introduction of Insurance Contract 4.2 Classification of Insurance Contract 4.3 Distinguishing Characteristics of Insurance Contracts Review Questions Further References Chapter 5 Life Insurance and Annuities 5.1 Three Ways Life Insurance is Distributed 5.2 Types of Life Insurance 5.3 Annuity--Introduction 5.4 An Annuity Insurance Operation 5.5 Annuity Contracts 5.6 Classification of Annuities 5.7 Uses of Annuities Review Questions Further References Chapter 6 Health Insurance and Social Security 6.1 Health Insurance Definition 6.2 Health Insurance Overview 6.3 Managed Care Organizations 6.4 Managed Care Models 6.5 Health Insurance Products 6.6 Social Security Review Questions Further References Chapter 7 Employee Benefit 7.1 Employee Benefits Definition 7.2 Types of Employee Benefits 7.3 Who Pays the Cost of Benefits 7.4 Group Life Insurance 7.5 Group Disability Income Insurance 7.6 Group Health Insurance 7.7 Pension Plans Review Questions Further References Chapter 8 Business Risk Insurance 8.1 Agricultural Risk 8.2 Industrial Risk Review Questions Further References Chapter 9 Homeowners Insurance 9.1 Homeowners (HO) Insurance Definition 9.2 Types of Policies 9.3 Major Coverages 9.4 Exclusions 9.5 Property Loss Settlement 9.6 Pricing Homeowners Policies Review Questions Further References Chapter 10 Car Automobile Insurance 10.1 Auto Loss Exposures 10.2 Coverage 10.3 Auto Insurance Pricing: Rating Factors 10.4 Auto Insurance Pricing: Underwriting Review Questions Further References Part Ⅱ Insurance Mathematics Chapter 11 Multiple Criteria Decision Making (MCDM) 11.1 Multiple Criteria Decision Making (MCDM) 11.2 Terms of MCDM Environment 11.3 Classification of MADM Methods 11.4 Multiple Criteria Decision Making Methods Review Questions Further References Chapter 12 Regulation and SOLVENCY II 12.1 SOLVENCY 12.2 SOLVENCY II 12.3 Lamfalussy Procedure Review Questions Further References Chapter 13 Financial Statements 13.1 Financial Statements 13.2 Financial Reporting Analysis 13.3 Financial Ratios Review Questions Further References Chapter 14 Technical Provisions 14.1 Initial Thoughts of Technical Provisions 14.2 Life Insurance Technical Provision 14.3 Nonlife Insurance Technical Provisions Review Questions Further References Chapter 15 Reinsurance 15.1 Introduction--Reinsurance 1