Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2009 B.Com IS- BM0027 –insurance and risk management-Assignments fall session - Question Paper

ASSIGNMENTS
BM0027
(4 credits)
Set 1
Marks 60
Insurance and risk management
Note: every ques. carries 10 marks

1. What do you understand by Risk? define the relationship ranging from uncertainty and risk. What do you understand by peril as well as hazard?
2. How you can classify risk? define the various kinds of risk.
3. What do you understand by risk management? define various aspects of risk management. define various characteristics of risk management.
4. define the risk management process.
5. define the tools for risk management.
6. What do you understand by loss control? elaborate the potential benefits of loss control? define the potential costs of loss control.




















ASSIGNMENTS
BM0027
(4 credits)
Set 2
Marks 60
insurance and risk management
Note: every ques. carries 10 marks

1.Describe the doctrine of insurable interest and principle of indemnity. elaborate the distinctions ranging from them?
2.Describe different fields of insurance.
3.Describe voluntary and involuntary coverage. Distinguish ranging from them.
4.Describe various considerations that should be analyzed by a business before it decides to use self-insurance.
5.Explain the principle of actuarial modeling.
6.Explain the patterns in the global and Indian insurance market.

Earning:   Approval pending.