MF0018 & INSURANCE AND RISK MANAGEMENT

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DRIVE	WINTER 2014
PROGRAM	MBADS (SEM 4/SEM 6) MBAFLEX/ MBA (SEM 4) PGDFMN (SEM 2)
SUBJECT CODE & NAME	MF0018 & INSURANCE AND RISK MANAGEMENT
BK ID	B1816
CREDIT	4
MARKS	60

1.What do you understand by the term risk and uncertainty? Explain different types of risk facing business and individuals.

2.Identify the role of insurance in managing risk financing. Explain the importance of insurance transaction. Discuss in different perspectives of insured and insurer

3. Explain the reasons that have been responsible for the privatization of the insurance industry in the country. Identify the problems and prospects of public insurance enterprises.

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

5Give the important activities of life insurance company. Describe the important historical milestones in the development of the life insurance sector in India.

6 Give short notes on :

Pricing objectives.

Pricing elements.

Rate computation

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