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Dear students get fully solved SMU MBA assignments
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1. Agency Problem
Definition: A conflict arising when people. (The agents) entrusted to look after the interests of others (the principals) use the authority or power for their own benefit instead.
2. Agency problems arise in a variety of different contexts.
Example:
• A lawyer is meant to act in the best interest of his or her client.
• Managers act on behalf of shareholders.
• Employees work for their employers.
• Politicians represent their voters and so on
3. Explanation: The problem is that the agent who is supposed to make the decisions that would best serve the principal is naturally motivated by self interest, and the agent's own best interests may differ from the principal's best interests.
4. Solving Agency Problem
• The manager can be motivated to act in the shareholders' best interests through incentives, Such as:
• Performance-based compensation.
• Direct influence by shareholders.
• The threat of firing.
• The threat of takeovers.
Thank you all of you..
Insurance is different from most products as it is a promise to do something in the future if certain events take place during a specified time period.
Unlike a can of soup, a pair of shoes, or a car, the ultimate cost of an insurance policy is not known at the time of the sale
Many scholars have argued the relevance of insurance to business considering the unpredictability of events and disruption to business and conclude that all that is needed to buffer for loss is Insurance. This view is true to an extent, but short-sighted as it doest not give consideration to long term issues of continuity and sustainability.
Nulearn provides a life changing opportunity through market risk courses with India’s leading Institute, IIM Kashipur. Get more exposure under India’s best faculty, camp based sessions, projects and industry interactions. Enroll now for better career!
compensation in a knowledge based economy
,
compensation strategy
,
compensation history
,
what is compensation
,
importance of compensation
,
pay and social class
Dear students get fully solved SMU MBA assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
1. Agency Problem
Definition: A conflict arising when people. (The agents) entrusted to look after the interests of others (the principals) use the authority or power for their own benefit instead.
2. Agency problems arise in a variety of different contexts.
Example:
• A lawyer is meant to act in the best interest of his or her client.
• Managers act on behalf of shareholders.
• Employees work for their employers.
• Politicians represent their voters and so on
3. Explanation: The problem is that the agent who is supposed to make the decisions that would best serve the principal is naturally motivated by self interest, and the agent's own best interests may differ from the principal's best interests.
4. Solving Agency Problem
• The manager can be motivated to act in the shareholders' best interests through incentives, Such as:
• Performance-based compensation.
• Direct influence by shareholders.
• The threat of firing.
• The threat of takeovers.
Thank you all of you..
Insurance is different from most products as it is a promise to do something in the future if certain events take place during a specified time period.
Unlike a can of soup, a pair of shoes, or a car, the ultimate cost of an insurance policy is not known at the time of the sale
Many scholars have argued the relevance of insurance to business considering the unpredictability of events and disruption to business and conclude that all that is needed to buffer for loss is Insurance. This view is true to an extent, but short-sighted as it doest not give consideration to long term issues of continuity and sustainability.
Nulearn provides a life changing opportunity through market risk courses with India’s leading Institute, IIM Kashipur. Get more exposure under India’s best faculty, camp based sessions, projects and industry interactions. Enroll now for better career!
compensation in a knowledge based economy
,
compensation strategy
,
compensation history
,
what is compensation
,
importance of compensation
,
pay and social class
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
Dear students get fully solved assignments by professionals
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Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
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 )
When market conditions are good insurance companies get low of business and their profits increase but in the adverse market conditions the companies start facing losses or their profitability reaches to rock bottom.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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Dear students get fully solved assignments
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or
Call us at : 08263069601
1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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ASSIGNMENT
DRIVE FALL 2014
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.
1 Explain the risk management methods.
Answer : Comprehensive business risk management is a multi -stage process that will vary depending
on the needs and requirements of each individual enterprise.
The first stage is to determine exactly what the risks facing your business are, in order to assess the
likely and potential impact of each incident occurring.
Once this process has been completed, you can get down to evaluating the technique which will best
suit your business and maximise your risk management moving forward.
Here are the four key potential risk treatments to consider.
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.
Answer : Activities & elements of life insurance organisations :
The money you pay for your business's many insurance premiums might seem to be a waste,
especially if you never claim a loss. But the primary function of an insurance company is to safeguard
your business against such losses. The type of business you own determines the type of insurance
you need. The government requires you to have certain types of insurance to protect the public, and
lenders require insurance to protect their investment.
2. 3 Insurance is the most important industry. Elaborate the different types of mediclaim and liability
policies.
Answer : 5 types of mediclaim policies
1) Individual Medical Insurance - This is typically a policy that covers an individual. It pays for
hospitalization and medical expenses incurred in treatment of an illness/injury.
2) Family Floater - A family floater gets all the family members insured under one single cover.
The name ‘floater’ is derived from the fact that a single sum insured floats over all the
covered members including self, parents, spouse and children.
3) Senior Citizen Insurance - As one ages, it becomes harder to get a decent health cover.
Senior Citizen Health Insurance is designed to address the specific healthcare needs of the
old aged. It comes at a higher premium compared
4 Give short notes on :
a) Pricing objectives.
Answer : It is necessary that the marketing manager decide the objective of pricing before actually
setting price. According to experts, pricing objectives are the overall goals that describe the role of
price in an organization’s long-range plans. The objectives help the marketing manager as guidelines
to develop marketing strategies. The following are the important pricing objectives.
Market penetration
Market skimming
b) Pricing elements.
Answer : Pricing has no ‘one size fits all’ answer that works for every size company, but there is a
sequence of steps that can be followed to develop the pricing that works for you. They’re
interrelated but don’t necessarily have to be followed in the order they appear below. Use them
simply as guideposts to consider or eliminate in determining what’s right for you and your business.
Develop a marketing strategy (market
c) Rate computation
Answer : Rates must be rounded to the nearest cent, counting one-half cent and over as the next
higher cent (e.g., round $18.845 to $18.85).
Procedure
Follow the rules below to compute rates of pay. (Note: The examples below are based on annual
rates that have been increased by a locality pay percentage
5 Explain the creation and application of insurable interest. Give the differences between
wagering and insurance.
3. Answer : Creation of insurable interest :
Insurable interest exists when an insured person derives a financial or other kind of benefit from the
continuous existence of the insured object (or in the context of living persons, their continued
survival). A person has an insurable interest in something when loss -of or damage-to that thing
would cause the person to suffer a financial loss or other kind of loss. Typically, insurable interest is
established by ownership, possession, or direct relationship. For example, people have insurable
interests in their own homes and vehicles, but not in their neighbours' homes and vehicles, and
certainly not those of strangers. The "factual expectancy test" and "legal interest test" are the two
major concepts of insurable interest.
6 Identify the role of insurance in managing risk financing. Explain the importance of insurance
transaction. Discuss in different perspectives of insured and insurer
Answer : Role of insurance in managing risk financing :
Rising insurance premiums and the occasional inability to obtain coverage at any cost have changed
the traditional role of insurance. Obtaining coverage for every insurable risk is being replaced by the
risk management concept. Risk management, which includes insurance coverage, is intended to
minimize the costs associated with assuming certain types of risk and providing prudent protection.
It deals with pure risks that are characterized by
Dear students get fully solved assignments
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