SS3 Third Term Insurance Lesson Note and Scheme of Work
Third Term: Week 1 to Week 13
Week 1-3: International Insurance Markets
Introduction to global insurance markets
Comparative analysis of insurance practices in different countries
Exploration of international regulations and standards
Activities: Research project on a specific international insurance market
Week 4-6: Environmental and Climate Risk Insurance
Understanding the impact of climate change on insurance
Discussion on environmental risks and insurance solutions
Analysis of insurance products addressing climate-related challenges
Activities: Case studies on successful environmental risk mitigation through insurance
Week 7-9: Insurance and Technological Innovation
Overview of the integration of AI, blockchain, and other technologies in insurance
Discussion on InsurTech advancements and their implications
Exploration of cybersecurity measures in the evolving tech landscape
Activities: Group projects on developing an innovative insurance product
Week 10-12: Regulatory Compliance and Insurance Law
In-depth exploration of insurance laws and regulations
Discussion on compliance standards for insurance companies
Case studies on legal issues and their impact on insurance
Activities: Mock regulatory compliance audit for a fictional insurance company
Week 13: Recap and Future Trends
Recap of key concepts covered throughout the academic year
Discussion on emerging trends in the insurance industry
Encouragement for continuous learning and professional development
Activities: Group presentations on future trends in the insurance sector.
