BBA503 Insurance and Risk Management

Last updated on 27/01/2021 1 By indiafreenotes

Unit 1 {Book}

History of Insurance in General and in India in Particular

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Insurance Meaning and Basic Nature of Insurance

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Comparison of Life Insurance with other forms of Insurance

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Principles of Contract

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Contract Applicability to the Valid Insurance Contract

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Unit 2 {Book}

Principles of Life Insurance and its Impact on insurability

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Morality Tables and its kind

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Basic Elements in Computation of Premium

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Peculiarities of Life Insurance Product and the Classification

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Nature of Group Insurance and Types of Group Insurance

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Covers Policy Claims and its Procedures for Settlement of Various type of Claims

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Policy Document and its Various Components Including Conditions and Privileges under the Policy

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Unit 3 {Book}

Study of Various Proposal and Policy Forms Used in General Insurance

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Scope of Coverage of Fire Insurance and Marine Insurance

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Motor Insurance

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Various Kinds of Miscellaneous Insurances

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Classes of Insurances Requiring Specialized Knowledge

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Industrial Insurance

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Aviation Insurance

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Oil and Gas Insurance

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Regulatory Provisions under Insurance Act 1938

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IRDA

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IRDA Act 1999

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Underwriting Practice and Procedures

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Types and Classification of Hazards

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Unit 4 {Book}

Basic Concept of Risk

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Classification of Risks

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Process of Risk Management

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Identification and Evaluation of Risk

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Risk Analysis

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Risk Control

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Loss Prevention and its Importance

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Risk Financing

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Transfer of Risks

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Risk Retention

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Importance of Reinsurance

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