Risk, Types, Sources of Risk, Measurement of Risk, Risk Identification and Evaluation of Risk.
Risk Avoidance, Loss Control, Risk Retention, Risk Transfer, Value of Risk Management and Risk Diversification
Principles of Insurance, Requisites of Insurable risk, Requirements and Characteristics of an Insurance Contract, Income Tax Treatment of Life Insurance, Life Insurance contract Provisions
General Insurance, Principles of General Insurance, General Insurance Products (Fire, Motor, Health), Double Insurance.
Risk Management and the Insurance Industry, Functions and Organization of Insurers, Government Regulation of Risk Management and Insurance.
Reference Book:
1.Mark S. Dorfman, “Introduction to Risk management and Insurance”, 10th Edition, Prentice hall of India, 2011. (Units -I, II, III, IV &V). 2. Skipper & Kwon, “Risk management and Insurance”, Blackwell Publishing, 2009. (Unit I, II, III, IV &V). (Units -I &II). 3. NaliniPraveTripathy, and Prabir Pal, “Insurance – Theory and Practice”, Prentice hall of India, 2010. (Units -I, II, III, IV&V). 4. George E Rejda, “Principles of Risk Management and Insurance”, Pearson Education, 8th Edition, 2009.(Units -I,II,III,IV&V).
Text Book:
1.Trieschman, Hoyt & Sommer, “Risk management and Insurance”, Cengage Learning, 3rd Edition, (2011). (Units -I, II, III, IV & V). 2. Harrington and Niehaus, “Risk management and Insurance”, Tata McGraw Hill Publishing, New Delhi, 3rd Edition, 2010.(Units -I,II, III, IV & V).