1. Understand the insurance process, the segments of insurance, and the consequences of insurance contracts in mitigating loss.

2. Understand the risk management techniques available to handle exposure to loss and the use of risk modification. 

3. Understand the financial and human consequences of loss. Proper and casualty exposures.

4. Apply the insurance principles in potential and real business and personal loss exposures.

5. Understand the exposures to loss faced by an individual and/or corporation.