Master of Business Administration - MBA Semester 4

MF0018 – Insurance and Risk Management

ASSIGNMENT-
Marks 60
Roll No. 1208030663
Student Name: Parth Sarthi
Q-1 Explain the risk management methods.

A) Loss control: Unit 01

B) Loss financing:

C) Internal risk reduction:

Q2. An organization is a legal entity which is created to do some activity of some purpose.
There are elements of a life insurance organization. Explain the elements of life insurance
organization.

A) Important activities: Unit 05

B) Internal organization:
C) Distribution system:
D) Functions of the agent:

Q3. Insurance is the most important industry. Elaborate the different types of mediclaim and
liability policies.
A) Explanation of all 5 types of mediclaim policies: Unit 07
B) Explanation of all 6 types of liability policies:

Q4. Write short note on:

A) Pricing objectives: Unit 12

B) Pricing elements:
C) Rate computation

Q5. Explain the creation and application of insurable interest. Give the differences between
wagering and insurance.

A) Creation of insurable interest: Unit 05

B) Application of insurable interest:
C) Differences between wagering and insurance:

Q6. Identify the role of insurance in managing risk financing. Explain the importance of
insurance transaction. Discuss in different perspectives of insured and insurer.
A) Role of insurance in managing risk financing
B) Introduction of insurance transaction
C) Explanation of different perspectives of insured and insurer.