RISKmMANAGEMENTmANDmINSURANC 14MBAFM408
E
RISK mMANAGEMENTmANDmINSURANCE
Subject mCode:m14MBAmFM408 IA mMarks:m50
No.mof mLecturemHoursm/mWeek:m04 ExammHours:m03
TotalmNumbermof mLecturemHours:m56
ExammMarks:m10
0mPracticalmComponent:m01mHourm/mWeek
Modulem1:m(8mHours)
IntroductionmtomRiskmManagement:mRisk-Riskmand mUncertainty-Types mof mRisk-
Burdenmof mRisk-mSourcesmof mRisk-Methodsmof mhandlingmRisk-Degreemof mRisk-
Management mof mRisk
RiskmManagement-Riskm Management mProcess-IdentificationmLossmexposures-
AnalyzingmLossmexposures-Objectivesmof mRiskmManagement-
Select mthemAppropriatemRiskmManagement m Technique-
Implement mand mMonitormthemRiskmManagement mProgram-
m
RiskmManagement mbymIndividualsmand mCorporations-RiskmManagement mobjectives-
Need mformamRationalemformRiskmManagement minmOrganizations-mUnderstandingmthemcost mof mRisk-
IndividualmRiskmManagement mand mthemCost mof mRisk-RiskmManagement mand mSocietalmWelfare.
Modulem2:m(6mHours)
RiskmIdentification-Business mRiskmExposures-IndividualmExposures-
Exposuresmof mPhysicalmAssetsm-Exposuresmof mFinancialmAssetsm -Exposures mof mHumanmAssetsm-
ExposuresmtomLegalm Liabilitym- mExposuremtomWork-Related mInjury-
Basicmconceptsmformmprobabilitymand mStatistics.
Modulem3:m(8mHours)
RiskmMeasurement-EvaluatingmthemFrequencymand mSeveritymof mLosses-RiskmControl-
RiskmFinancingm Techniques-Riskm Management mDecisionmMethods-
PoolingmArrangementsmand mDiversificationmof mRisk.
AdvancedmIssuesminmRiskmManagement:mThe mChangingmScopemof mRiskm Management-
InsurancemMarket mDynamics-LossmForecasting-FinancialmAnalysism inmRiskmManagement m--
DecisionmMaking-mOthermRiskmManagement mTools
Dept.mof mMBA/SJBI Pagem1
T
,RISKmMANAGEMENTmANDmINSURANC 14MBAFM408
E
Modulem4:m(8mHours)
IntroductionmtomInsurance
Dept.mof mMBA/SJBI Pagem2
T
,RISKmMANAGEMENTmANDmINSURANC 14MBAFM408
E
RiskmandmInsurance-mDefinitionmand mBasicmCharacteristicsmof mInsurance-
Requirementsmof manmInsurable mRisk-AdversemSelectionmand mInsurance-
Insurancemvs.mGamblingmInsurancemvs.mHedging-mTypesmof mInsurance-
Essentialsmof mInsurancemContracts.
IndianmInsurancemIndustrym-
HistoricalmFrameworkmof mInsurance,mInsurance msectormReformsm inmIndia-
Liberalizationmof mInsurancemMarkets-Majormplayersmof mInsurance.
Regulationmof mInsurance-mInsurancemAct m1938-meligibility-
Registrationmand mCapitalmrequirement-mInvestment mof massets-Approved minvestments-
Licensingmof minsurancemagents-mIRDA-Dutiesmand mpowersmof mIRDA-IRDA mAct m1999-
IRDA mregulationsmformgeneralminsurance-
reinsurance,mlifeminsurance,mmicro minsurance,m licensingmof minsurancemagents,mregistrationmof minsur
ancemcompaniesmand mprotectionmof mpolicyholdersminterest.
Modulem5:m(8mHours)
LifemInsurance
Basicsmof mLifemInsurance-Growthmof mActuarialmScience-Featuresmof mLifemInsurance-
Lifem InsurancemContract-LifemInsurancemDocuments-
InsurancemPremiummCalculations. mLifemInsurancemClassification-ClassificationmonmthemBasis m–
Duration-PremiummPayment-m Participationm inmProfit-mNumber mof mPersonsmAssured-
Payment mof mPolicymAmount-MoneymBackmPolicies-Unit mLinked mPlans.
Annuities-Need mof mAnnuitymContracts,mAnnuitymV/smLifemInsurance,mClassificationmof mAnnuities.
Modulem6:m(10mHours)
GeneralmInsurance-LawsmRelated mtomGeneralmInsurance-GeneralmInsurancemContract-
GeneralmInsurancemCorporation(GIC)-
PerformancemPrivatemand mPublicmGeneralminsurancemcompanies.
HealthmInsurance-IndividualmMedicalmExpensemInsurancem–mLongm TermmCaremCoveragem–
DisabilitymIncomemInsurancem–m Medi-claimmPolicym–mGroup mMedi-claimmPolicy m–
m
Personal mAccident mPolicym–mChild mWelfaremPolicy-Employee mGroupmInsurancem–
m
Featuresmof mGroupmHealthmInsurancem–mGroupmAvailabilitymPlan.mFiremInsurance-
m
Essentialsmof mFiremInsurancemContracts,mTypesmof mFiremInsurancemPolicies,mFiremInsurancemCovera
ge.
Dept.mof mMBA/SJBI Pagem3
T
, RISKmMANAGEMENTmANDmINSURANC 14MBAFM408
E
MarinemInsurance-Typesmof mMarinemInsurancem–
Marine mInsurancemprinciplesmImportant mClauses minmMarinemInsurance–
m
MarinemInsurancemPoliciesm–MarinemRisks-
m
ClausesminmMarinemPolicy.m MotormVehiclesmInsurance-
Need mformMotormInsurance,mTypesmof mMotormInsurance,mFactorsmtombemconsidered mformPremiummF
ixing.
Dept.mof mMBA/SJBI Pagem4
T
E
RISK mMANAGEMENTmANDmINSURANCE
Subject mCode:m14MBAmFM408 IA mMarks:m50
No.mof mLecturemHoursm/mWeek:m04 ExammHours:m03
TotalmNumbermof mLecturemHours:m56
ExammMarks:m10
0mPracticalmComponent:m01mHourm/mWeek
Modulem1:m(8mHours)
IntroductionmtomRiskmManagement:mRisk-Riskmand mUncertainty-Types mof mRisk-
Burdenmof mRisk-mSourcesmof mRisk-Methodsmof mhandlingmRisk-Degreemof mRisk-
Management mof mRisk
RiskmManagement-Riskm Management mProcess-IdentificationmLossmexposures-
AnalyzingmLossmexposures-Objectivesmof mRiskmManagement-
Select mthemAppropriatemRiskmManagement m Technique-
Implement mand mMonitormthemRiskmManagement mProgram-
m
RiskmManagement mbymIndividualsmand mCorporations-RiskmManagement mobjectives-
Need mformamRationalemformRiskmManagement minmOrganizations-mUnderstandingmthemcost mof mRisk-
IndividualmRiskmManagement mand mthemCost mof mRisk-RiskmManagement mand mSocietalmWelfare.
Modulem2:m(6mHours)
RiskmIdentification-Business mRiskmExposures-IndividualmExposures-
Exposuresmof mPhysicalmAssetsm-Exposuresmof mFinancialmAssetsm -Exposures mof mHumanmAssetsm-
ExposuresmtomLegalm Liabilitym- mExposuremtomWork-Related mInjury-
Basicmconceptsmformmprobabilitymand mStatistics.
Modulem3:m(8mHours)
RiskmMeasurement-EvaluatingmthemFrequencymand mSeveritymof mLosses-RiskmControl-
RiskmFinancingm Techniques-Riskm Management mDecisionmMethods-
PoolingmArrangementsmand mDiversificationmof mRisk.
AdvancedmIssuesminmRiskmManagement:mThe mChangingmScopemof mRiskm Management-
InsurancemMarket mDynamics-LossmForecasting-FinancialmAnalysism inmRiskmManagement m--
DecisionmMaking-mOthermRiskmManagement mTools
Dept.mof mMBA/SJBI Pagem1
T
,RISKmMANAGEMENTmANDmINSURANC 14MBAFM408
E
Modulem4:m(8mHours)
IntroductionmtomInsurance
Dept.mof mMBA/SJBI Pagem2
T
,RISKmMANAGEMENTmANDmINSURANC 14MBAFM408
E
RiskmandmInsurance-mDefinitionmand mBasicmCharacteristicsmof mInsurance-
Requirementsmof manmInsurable mRisk-AdversemSelectionmand mInsurance-
Insurancemvs.mGamblingmInsurancemvs.mHedging-mTypesmof mInsurance-
Essentialsmof mInsurancemContracts.
IndianmInsurancemIndustrym-
HistoricalmFrameworkmof mInsurance,mInsurance msectormReformsm inmIndia-
Liberalizationmof mInsurancemMarkets-Majormplayersmof mInsurance.
Regulationmof mInsurance-mInsurancemAct m1938-meligibility-
Registrationmand mCapitalmrequirement-mInvestment mof massets-Approved minvestments-
Licensingmof minsurancemagents-mIRDA-Dutiesmand mpowersmof mIRDA-IRDA mAct m1999-
IRDA mregulationsmformgeneralminsurance-
reinsurance,mlifeminsurance,mmicro minsurance,m licensingmof minsurancemagents,mregistrationmof minsur
ancemcompaniesmand mprotectionmof mpolicyholdersminterest.
Modulem5:m(8mHours)
LifemInsurance
Basicsmof mLifemInsurance-Growthmof mActuarialmScience-Featuresmof mLifemInsurance-
Lifem InsurancemContract-LifemInsurancemDocuments-
InsurancemPremiummCalculations. mLifemInsurancemClassification-ClassificationmonmthemBasis m–
Duration-PremiummPayment-m Participationm inmProfit-mNumber mof mPersonsmAssured-
Payment mof mPolicymAmount-MoneymBackmPolicies-Unit mLinked mPlans.
Annuities-Need mof mAnnuitymContracts,mAnnuitymV/smLifemInsurance,mClassificationmof mAnnuities.
Modulem6:m(10mHours)
GeneralmInsurance-LawsmRelated mtomGeneralmInsurance-GeneralmInsurancemContract-
GeneralmInsurancemCorporation(GIC)-
PerformancemPrivatemand mPublicmGeneralminsurancemcompanies.
HealthmInsurance-IndividualmMedicalmExpensemInsurancem–mLongm TermmCaremCoveragem–
DisabilitymIncomemInsurancem–m Medi-claimmPolicym–mGroup mMedi-claimmPolicy m–
m
Personal mAccident mPolicym–mChild mWelfaremPolicy-Employee mGroupmInsurancem–
m
Featuresmof mGroupmHealthmInsurancem–mGroupmAvailabilitymPlan.mFiremInsurance-
m
Essentialsmof mFiremInsurancemContracts,mTypesmof mFiremInsurancemPolicies,mFiremInsurancemCovera
ge.
Dept.mof mMBA/SJBI Pagem3
T
, RISKmMANAGEMENTmANDmINSURANC 14MBAFM408
E
MarinemInsurance-Typesmof mMarinemInsurancem–
Marine mInsurancemprinciplesmImportant mClauses minmMarinemInsurance–
m
MarinemInsurancemPoliciesm–MarinemRisks-
m
ClausesminmMarinemPolicy.m MotormVehiclesmInsurance-
Need mformMotormInsurance,mTypesmof mMotormInsurance,mFactorsmtombemconsidered mformPremiummF
ixing.
Dept.mof mMBA/SJBI Pagem4
T
