BNM INSTITUTE OF TECHNOLOGY

AN AUTONOMOUS INSTITUTION UNDER VTU

NAME : Anusha S

PROGRAM : MBA

SEMESTER : 3 SEMESTER
RD

USN : 1BG21BA008

SUBJECT : INSURANCE BY NCFM

TOPIC : RISKS THAT CAN BE COVERED

THROUGH INSURANCE

SUBMITTED TO : MR. ANANTH S HOSKERE

 IDENTIFY ATLEAST 5 DIFFERENT RISKS THAT MAY ENCOUNTER IN
OUR DAY TO DAY LIFE:

1. INFORMATION SECURITY RISK:

Information security, often referred to as Info Sec, refers to the processes and tools
designed and deployed to protect sensitive business information from modification,
disruption, destruction, and inspection. Lack of information security these may
include hacking of information, etc., Then we may incur many losses / risks due to
lack of security. Then this risk can be covered through insurance.

 List of Insurance those can be covered risks:

insurance Co. Ltd
IRDAI insurance Co. Ltd
Cyber liability insurance Co. Ltd.
ICICI Lombard insurance Co. Ltd
 2. REGULATORY RISK:

Regulatory risk is the risk that a change in laws and regulations will materially impact a
security, business, sector, or market. A change in laws or regulations made by the
government or a regulatory body can increase the costs of operating a business, reduce the
attractiveness of an investment, or change the competitive landscape in a given business
sector. In extreme cases, such changes can destroy a company's business model. More
regulatory may lead to more risk.

Change management
Credit risk and LIBOR
Climate and ESG
Core risk management
Operational resiliency and cyber security
Compliance risk
Consumer and investor protection
Payments
Expanding regulatory authority

 List of Insurance those can be covered risks:

IndiaFirst general Insurance Company

Shriram General Insurance co. Ltd.
Aegon general Insurance co. Ltd
IRDAI co. Ltd.
3. PHYSICAL RISK:
Physical hazards are factors or conditions that can harm our health. Lack of stress
can have serious effects on our long term health, lack of sleep seriously effectsthat
puts strain on our mental and physical health and then if person gets hospitalizeddue
to this scenario. Then this risk can be covered through insurance.

 List of Insurance those can be covered risks:

National Insurance Co. Ltd.

Bajaj Allianz General Insurance Co. Ltd.
Cholamandalam MS General Insurance Co. Ltd.
Bharti AXA General Insurance Co. Ltd.
HDFC ERGO General Insurance Co. Ltd.
The New India Assurance Co. Ltd.
Reliance General Insurance Co. Ltd.
Royal Sundaram General Insurance Co. Ltd.
The Oriental Insurance Co. Ltd.
SBI General Insurance Co. Ltd.
Acko General Insurance Ltd.
Kotak Mahindra General Insurance Co. Ltd.
Shriram General Insurance Co. Ltd.
Aditya Birla Health Insurance Co. Ltd.
Star Health & Allied Insurance Co. Ltd.
4. THEFT/FRAUD RISK:
Break down or theft of equipments or damage of vehicles due to accident. To make a
claim, the vehicle needs to be covered under the comprehensive insurance policy,
which includes third-party cover, loss/damage to vehicle as a result of an accident,
fire or theft, and risks against natural calamities. An Data theft – also knownas
information theft – is the illegal transfer or storage of personal, confidential, or
financial information.

 List of Insurance those can be covered risks:

National Insurance Co. Ltd

Go Digit General Insurance Ltd.
Bajaj Allianz General Insurance Co. Ltd.
Cholamandalam MS General Insurance Co. Ltd.
Bharti AXA General Insurance Co. Ltd.
HDFC ERGO General Insurance Co. Ltd.
Future Generali India Insurance Co. Ltd.
The New India Assurance Co. Ltd.
Iffco Tokio General Insurance Co. Ltd.
Reliance General Insurance Co. Ltd.
Royal Sundaram General Insurance Co. Ltd.
The Oriental Insurance Co. Ltd.
Tata AIG General Insurance Co. Ltd.
SBI General Insurance Co. Ltd.
Acko General Insurance Ltd.
5. PROPERTY RISK:

An Property risk affects either personal or real property. Thus, a house fire orcar theft
are examples of property risk. A property loss often involves both a direct loss and
consequential losses.

 List of Insurance those can be covered risks:

Tata AIG General Insurance Company Limited
Bajaj Allianz General Insurance Company Limited
Reliance General Insurance
Cholamandalam MS General Insurance Company
Future Generali INSURANCE LTD.
Star Health Insurance
Max Bupa health insurance company
NEW INDIA ASSURANCE CO. LTD
Bharti Axa
Kotak General Insurance
HDFC ERGO General Insurance