Principles and Practice of Insurance

Who this is for

• First-time IIQE candidates who need a shared vocabulary
• Readers who want principle-level literacy before product conversations

Learning outcomes

• Explain risk, insurance and risk transfer in your own words
• Apply core principles (insurable interest, utmost good faith, indemnity, subrogation, contribution, proximate cause) to typical scenarios
• Distinguish key market participants and regulatory boundaries in Hong Kong

Chapters

1. Risk and insurance basics — From uncertainty to insurable risk—what insurance can and cannot solve.
2. Core insurance principles — Insurable interest, utmost good faith, indemnity, subrogation, contribution and proximate cause—learn boundaries via scenarios.
3. Policies, contracts and claims — A learning frame for offer, acceptance, policy structure and claims flow.
4. Hong Kong market and regulation — A role map of insurers, intermediaries, reinsurance and regulators.
5. Intermediary role and conduct — Disclosure, suitability, conflicts and client interest—the shared baseline for exams and practice.

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