ASSIGNMENT

DRIVE SPRING 2019

PROGRAM MBA
SEMESTER IV
SUBJECT CODE & NAME FIN404- Insurance & Risk Management
BOOK ID B1816
CREDIT 4 CREDITS
MARKS 30 MARKS(EACH SET)

Note –The Assignment is divided into 2 sets. You have to answer all questions in both sets.
Average score of both assignments scored by you will be considered as your IA score. Kindly
note that answers for 10 marks questions should be approximately of 400 words.

SET-I

Q.No Criteria Marks Total Marks

1 What do you understand by risk management? List the steps involved in the risk
management process.
A Risk management 5 10
Risk management process. 5
2 Define major components of insurance policy.
A Components of insurance policy. 10
3 Write short notes on
a. Insurance Regulatory and Development Authority (IRDA)
b. Privatization of Insurance Industry
A Insurance Regulatory and Development Authority (IRDA) 5 10
Privatization of Insurance Industry 5

SET-II

1 Explain Wagering contract. Differentiate between Wagering and Insurance.

A Wagering contract. 4 10
Difference between Wagering and Insurance. 6
2 Elaborate Savings and Investment Aspect of Life Insurance.
A Savings Aspect of Life Insurance 5 10
Investment Aspect of Life Insurance 5
3 Explain the concept of Reinsurance also discuss various benefits of Reinsurance
A Concept of Reinsurance 5 10
Benefits of Reinsurance 5
*A-Answer

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