When you enroll in this course, you'll also be enrolled in this Professional Certificate.
Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate from Liberty Mutual Insurance
There are 4 modules in this course
Foundations of Insurance provides a deep dive into the insurance industry, covering essential aspects that will equip you with a robust understanding of the sector.
You will start by exploring the rich history and evolution of insurance, followed by a detailed look at how the insurance business operates.
This course is designed to walk you through different types of insurance policies, highlighting their unique features and key elements. You'll learn to identify and explain the structure of various insurance policies, providing you with the tools to effectively manage and navigate coverage.
In addition, you'll gain insights into the legal and regulatory environment governing the insurance industry. By understanding the laws and customary compliance requirements, you will be better prepared to handle the complexities of the sector.
The course helps you build a solid foundation in insurance, enhance your risk management skills, and gain confidence in navigating the legal landscape of the insurance world.
During this module you will gain a deep understanding of how insurance works, including its core principles, risk management techniques, and policy structures. We will explore different types of insurance policies, their unique features, and the legal and regulatory environment surrounding the industry. Join us on this exciting journey as we dive into the history, organization, and key elements of the insurance world. Get ready to expand your knowledge and navigate the insurance industry with confidence!
Lesson Quiz: Types of Insurance Policies•10 minutes
Lesson Quiz: Insurance Industry Regulations•5 minutes
Lesson Quiz: Insurance Industry Processes•10 minutes
Module Quiz: Introduction to the Insurance Industry•20 minutes
1 discussion prompt•Total 10 minutes
Your Interests in an Insurance Career•10 minutes
1 plugin•Total 7 minutes
Claims Process Overview•7 minutes
Insurance Principles and Risk Management
Module 2•3 hours to complete
Module details
During this module you will develop a clear understanding of the fundamental principles of insurance, along with the techniques and concepts of risk management. By the end of this module, you will be able to explain the basic principles that underpin insurance, as well as demonstrate a comprehensive understanding of effective risk management techniques and concepts.
What's included
14 videos8 readings9 assignments
Show info about module content
14 videos•Total 37 minutes
Law of Large Numbers: Assessing Risk and Calculating Premiums•2 minutes
The Principle of Indemnity and its Importance•3 minutes
Indemnity in Real-World Insurance Scenarios•5 minutes
The Concept of Insurable Interest•2 minutes
The Principle of Utmost Good Faith: An Overview•4 minutes
Consequences of Breaching Utmost Good Faith•5 minutes
Proximate Cause•2 minutes
Risk Management in Five Steps•2 minutes
Risk Identification Techniques•2 minutes
Activity: Identify the Risk•4 minutes
Risk Analysis and Evaluation•1 minute
Risk Mitigation Strategies•2 minutes
Activity: Risk Mitigation Strategies•4 minutes
Risk Monitor and Review•1 minute
8 readings•Total 72 minutes
Course Disclaimer•1 minute
Overview of Key Insurance Principles•20 minutes
Pooling and Shared Risk•7 minutes
Indemnity and Insurance Contracts•8 minutes
Insurable Interest and Insurance Policies•7 minutes
Types of Risk•7 minutes
Risk Management Technologies and Tools•7 minutes
Insurance Principles and Risk Management Recap and Key Takeaways•15 minutes
9 assignments•Total 67 minutes
Lesson Quiz: Introduction to Insurance Principles•5 minutes
Lesson Quiz: Law of Large Numbers•5 minutes
Lesson Quiz: Indemnity Principles•5 minutes
Lesson Quiz: Insurable Interest•5 minutes
Lesson Quiz: Utmost Good Faith•5 minutes
Activity: Identify the Proximate and Intervening Causes•7 minutes
Lesson Quiz: Proximate Cause•5 minutes
Lesson Quiz: Risk Management•10 minutes
Module Quiz: Insurance Principles and Risk Management•20 minutes
The Insurance Policy and Types of Policies
Module 3•3 hours to complete
Module details
During this module our objective is to help you describe the key characteristics of an insurance policy and understand its structure. By the end of this module, you will be able to identify and explain the essential elements that define an insurance policy. You will also gain an understanding of how insurance policies are structured to provide coverage and manage risks effectively.
Lesson Quiz: Personal Insurance: Property & Other Types of Policies•8 minutes
Lesson Quiz: Commercial Insurance•10 minutes
Module Quiz: The Insurance Policy and Types of Policies•20 minutes
3 plugins•Total 30 minutes
The Importance of Auto Insurance•10 minutes
Understanding an Auto Insurance Policy: Key Elements•10 minutes
An Introduction to Property Insurance•10 minutes
Legal, Regulatory Enviornment, and Compliance
Module 4•2 hours to complete
Module details
During this module our objective is to help you recognize the legal and regulatory environment of the insurance industry. By the end of this module, you will also be able to identify customer compliance requirements within insurance.
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.
In business since 1912, and headquartered in Boston, today we are the eighth largest global property and casualty insurer based on 2023 gross written premium. We also rank 87 on the Fortune 100 list of largest corporations in the US based on 2023 revenue. As of December 31, 2023, we had $49.4 billion in annual consolidated revenue.
We employ over 45,000 people in 29 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property.
For more information, visit www.libertymutualinsurance.com.
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Learner reviews
4.5
53 reviews
5 stars
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11.32%
3 stars
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2 stars
1.88%
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L
LP
5·
Reviewed on Sep 29, 2025
I enjoyed the course. I now have a very good understanding of Insurance foundation.
R
RM
5·
Reviewed on Jun 24, 2025
This is useful course to understand better about insurance
B
BR
5·
Reviewed on Oct 13, 2025
VERY informational, this is the perfect stepping stone to see if you are capable of holding much information and if insurance is a good pivot for your longterm career
When will I have access to the lectures and assignments?
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Certificate?
When you enroll in the course, you get access to all of the courses in the Certificate, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.