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.