smu MBA assignments Fall 2014

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ASSIGNMENT
DRIVE FALL 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
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.
Q.No Questions Marks Total
Marks
1 Explain the risk management methods.
Loss control
Loss financing
Internal risk reduction
3
4
3
10
2 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.
Important activities
2
10
Internal organization
3
Distribution system
2
Functions of the agent
3
3 Insurance is the most important industry. Elaborate the different types of mediclaim
and liability policies.
Explanation of all 5 types of mediclaim policies
Explanation of all 6 types of liability policies
5
5
10

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4 Give short notes on :
Pricing objectives.
Pricing elements.
Rate computation
Pricing objectives
Pricing elements
Rate computation
2
4
4
10
5 Explain the creation and application of insurable interest. Give the differences
between wagering and insurance.
Creation of insurable interest
Application of insurable interest
Differences between wagering and insurance
2
3
5
10
6 Identify the role of insurance in managing risk financing. Explain the importance of
insurance transaction. Discuss in different perspectives of insured and insurer
Role of insurance in managing risk financing
Introduction of insurance transaction
Explanation of different perspectives of insured and insurer.
2
4
4
10