---
esco_uri: http://data.europa.eu/esco/skill/ab927ee8-acd9-41c2-aef0-2020364a1003
esco_label: "principles of insurance"
relation: optional
onet_soc: 13-2052.00
source: model-knowledge
confidence: high
qa_count: 0
generator: gemma3:27b (prompt-designed and spot-checked by Claude)
generated: 2026-07-10
---

# principles of insurance — Financial Advisor

As a Financial Advisor, 'principles of insurance' isn’t about *selling* insurance – it’s about understanding how it interacts with your client’s overall financial plan. You need to grasp concepts like indemnity (making someone whole after a loss), insurable interest (a legitimate reason for coverage), and subrogation (insurer pursuing recovery from responsible third parties). This impacts advice on risk management; you're not just recommending investments, but assessing how insurance fills gaps in their protection – life, disability, property, liability. Think about retirement planning: understanding the role of annuities as an insurance product is crucial, or advising a business owner needing key person insurance.

## Weitere Anreicherung

Stage-2 source for future practitioner grounding: EconStor (open-access economics/finance literature).
