Risk Management And Insurance 2y1c50

RISK MANAGEMENT AND INSURANCE

Unit-I Risk management : Introduction to risk and uncertainity- rationale for risk management in organization.

Unit –II Risk identification – risk analysis – exposures – physical assets – financial assets human assets – legal liability – work related injury – risk measurement – risk control tools – risk financing techniques – risk management decisions – data organization and analysis.

Unit – III Insurance market and Functions: Insurance industry – pricing of industry – insurance regulations – financial assessment – legal aspects of insurance contract – insurance contract analysis – property & liability coverage – classification of policies – annuities – surrender value – valuation and surplus.

Unit – IV Types of Insurance – Life insurance – marine insurance – fire insurance – motor insurance – fidelity insurance – double insurance – re insurance – business insurance programmes – health care financing – health care insurance – employing benefit plans.

Unit –V Insurance a/c - balance sheet – life insurance a/c – fire insurance a/c – Marine insurance a/c – essential elements of insurance contract - practical problems.