Insurance Journal's Academy of Insurance

Insurance Journal

You have no items in your shopping cart.

Two ways to register

1. Buy the single session!

2. Become a member

just $39/month

For $39/month you get all of these:
  • FREE access to 40+ live classes over the next year!
  • Unlimited access to 350+ on-demand courses in our library.
  • PLUS exclusive coverage skills tests, Q+A sessions w/instructors, discounts on our conferences and more!

Become a Member


Sign in to access this session and all materials.

Essential Insurance Terms and Concepts

Essential Insurance Terms and Concepts

Quick Overview

Why is it called property and casualty insurance when you buy a property policy and a liability policy?

What is reinsurance?

What do you mean they had the wrong class code?

Audit? What is this? The IRS?

The insurance vocabulary is as full of gobbledegook as any other industry is. We believe that insurance professionals fall into two categories: the ones that think everyone understands them, and the others that pretend to understand their peers.

That's what this session is about. We plan to cover the most essential insurance terms and concepts that you will need to understand so that you can carry on conversations.


Can't make it Thursday? Register now and we'll send you the recording.

Get access for just $39! Become a member and get access to this course, PLUS our library of 350+ on-demand courses!

Add Items to Cart Add to Cart
Duration 1 hour
Location Online Webinar
Formats On-Demand
Instructor Patrick WraightPatrick Wraight

The insurance industry has a jargon all its own. At your request, we have built this session to help explain some of the most important insurance terms and concepts. These are terms that many insurance professionals toss around, forgetting that most people don't really understand them. Here are a few of the terms and concepts that we will discuss.

  • Why do we call it property and casualty insurance?
  • What is reinsurance?
  • Is there a difference between a named insured, an insured, and an additional insured?

Join us as Academy Director, Patrick Wraight walks through the most essential insurance terms and concepts.

PS - If you have a particular term or concept that trips you up, feel free to reach out.

Add Items to Cart Add to Cart