The insurance business is full of cases. Learning Insurance through such cases can be interesting, long lasting and easy to apply.
Some Likely Insurance Cases
An Insurance company gets a difficult claim situation and handles that to the satisfaction of both the parties, insured as well as the insurer. An underwriter applies some scientific technique to create a win-win situation and brings a good business for the company. A non-life Insurance Company uses certain patterns in data to effectively avoid certain type of frauds from happening. A Life Insurance Company develops alternative products and tests these alternatives by simulating on a market model to choose the product to be launched. An Insurance company introduces innovative distribution channel for some micro-insurance products that brought a turn around in the business. The list is endless.
Similarly, there may be some unpleasant cases also. For example, ignoring certain norms and getting caught under regulations, misjudging certain risk before insuring which resulted in huge loss to the company, implementing some project within the organization and not able to use that, denying claims resulting in bad reputation in the market, missing critical requirements in IT implementation project, wrong allocation of resources in IT project implementation, etc.