MF0018 - INSURANCE AND RISK MANAGEMENT

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

  “ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )

ASSIGNMENT

DRIVE	SUMMER 2016
PROGRAM	MBADS – (SEM 4/SEM 6) / MBAN2 / MBAFLEX – (SEM 4) / PGDFMN – (SEM 2)
SUBJECT CODE & NAME	MF0018 - INSURANCE AND RISK MANAGEMENT
SEMESTER	4
BK ID	B1816
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q1 Explain price risk and its types. Explain Risk management methods

Answer : Price risk is the risk of a decline in the value of a security or a portfolio. Price risk is the biggest risk faced by all investors. Although price risk specific to a stock can be minimized through diversification, market risk cannot be diversified away. Price risk, while unavoidable, can be mitigated through the use of hedging

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.

Answer : Elements of a Life Insurance Organization An ‘organization’ is a legal entity which is created to do some activity or to achieve some purpose. It is created under some law, which gives it a status and identity. Because of the identity, the organization is considered to be a person in law. Therefore, it can enter into contracts, be sued in courts, accumulate property and wealth, and do business, in the same manner as any individual can do. 

Important activities

Q3 Explain the doctrine of indemnity, doctrine of subrogation and warranties and its types and classification.

Answer : Principle of indemnity:

Indemnity means security or compensation against loss or damage. The principle of indemnity is such principle of insurance stating that an insured may not be compensated by the insurance company in an amount exceeding the insured’s economic loss.

In type of insurance the insured would be

Q4 Give short notes on :

a) Evidence and claim notice.

Answer : Claim: This is the central argument or thesis to your paper. You will have one major claim in your introductory

b) Subrogation

Answer : Subrogation is defined as a legal right that allows one party (e.g., your insurance company) to make a payment that is actually owed by another party (e.g., the other driver’s insurance company) and then

c) Salvage

Answer : The amount for which an asset can be sold at the end of its useful life. In insurance circles, this term commonly refers to the scrap value of damaged property. In property insurance, salvage value (e.g., scrap value) will be subtracted from any loss settlement if the insured retains the damaged property

Q5 Explain the marketing mix (7 P’s) for insurance companies

Answer : The service marketing mix is also known as an extended marketing mix and is an integral part of a service blueprint design. The service marketing mix consists of 7 P’s as compared to the 4 P’s of a product marketing mix. Simply said, the service marketing mix assumes the service as a product itself. However it adds 3 more P’s which are

Q6 Explain the benefits of reinsurance. Elaborate on the application of reinsurance.

Answer : Benefits of Reinsurance

Reinsurance is an essential tool used for managing risk. Different from the common insurance that protects people from monetary loss, reinsurance offers protection to the main insurance company against financial loss. Find benefits of reinsurance discussed below.

1. Protects insurance companies

Just like other people who seek the protection of an

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

  “ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )