GEN1000 Perspectives on General Education or with the Module Coordinator’s permission and upon endorsement of the relevant Head
Nil
This module provides an introduction to social and personal insurance programmes which have a great impact to the daily life of individuals or families in the society. Students can learn social and personal safety and security needs that insurance products can meet as well as apply quantitative methods to analyse the needs. Key values and factors in different insurance programmes, as well as impacts brought by those programmes to the society will also be discussed.
Upon completion of this module, students should be able to:
a. identify safety and security needs of human being and the society;
b. explain the importance and influence of social and personal insurance to the society;
c. describe key social and personal insurance programmes; and
d. apply quantitative approaches to analyse safety and security needs individually or socially and use insurance knowledge to find evidencebased solution.
1. Introduction
1.1 Insurance principles
1.2 Understanding social insurance
1.3 Understanding personal insurance
2. Social Insurance
2.1 Social issues and needs, values and factors
2.2 Purpose and impact of social insurance to the society
2.3 Quantitative analysis on key social insurance
2.4 Limitations and emerging phenomena
3. Personal Insurance
3.1 Personal and social needs which can be protected by personal insurance
3.2 Purpose and impact of personal insurance to the society
3.3 Quantitative analysis on key personal insurance
3.4 Selected topics in personal insurance
1. Participation (10%)
2. Assignment(s) (40%)
3. Project (50%)
1. Harriett E. Jones and Steven R. Silver. (2011). Principles of Insurance. Life Office Management Association.*
2. Elizabeth A. Segal (2016). Social Welfare Policy and Social Programs: a Values Perspective. Cengage Learning, 4th Edition.*
3. M.A. Cook (2011). Personal Insurance. The Institutes, 2nd Edition.*
4. Emmett J. Vaughan and Therese M. Vaughan. (2013). Fundamentals of Risk and Insurance. Wiley.
5. Mark Butterworth and Ian Hutchinson. (2016). Insurance business and finance: M92. London: The Chartered Insurance Institute.
6. Insurance Companies Ordinance (Cap. 41). Office of the Commissioner of Insurance.
7. Hong Kong IIQAS Examination Study Notes for the Principles and Practice of Insurance (2013).
8. Hong Kong IIQAS Examination Study Notes for General Insurance (2008).
9. Hong Kong IIQAS Examination Study Notes for Long Term Insurance (2016).
