Principles of Property and Liability Insurance (3rd Edition)

Author: (USA) Luthiat et al. / Yingying / Yu Xiaodong (General Editor)
Publisher:
Publish Date: 2003-08-01
Features: Property and Liability Insurance Principles (INS21) is a core textbook in the General Insurance Program (INS) of the Insurance Institute of America (IIA). It serves as the foundation for learning the other two courses—Personal Insurance (INS22) and Commercial Insurance (INS23). The book is divided into three parts. The first part focuses on insurance fundamentals, explaining basic insurance principles and the general state of the insurance industry, primarily covering what insurance is, who provides it, how it is regulated, and how to measure its financial performance. The second part covers insurance practice, sequentially introducing the operations and functions of insurance marketing, underwriting, and claims handling. The third part discusses insurance contracts, loss risks, and risk management, starting with the common characteristics of insurance contracts, introducing the types of property and liability loss risks and the policy terms for underwriting these risks, and finally providing a basic discussion on loss risk management methods—risk management. The General Insurance Program is one of the most recognized professional certification exams in the United States, and many successful professionals in the property and liability insurance industry began their careers with this exam. Property and Liability Insurance Principles is clear, comprehensive, and has long been regarded as a classic textbook in the field. It is not only suitable for beginners in property and liability insurance but also serves as an excellent reference for readers interested in U.S. insurance, particularly for university students and professionals in the insurance industry.