Objectives

To develop an understanding of Risks and methods of Risk Transfer Mechanism To develop an understanding of the structure of Insurance Industry To understand the main type of Insurances available to the Individuals & Business To gain an understanding of Principles of Insurance and their applications

OUTLINE

Understanding Risk Introduction to Risk Management Advanced Topics in Risk Management History and evolution of Insurance Business Fundamental Legal Principles Analysis of Insurance Contracts Property and Liability Insurance Fundamentals of Life Insurance Types of Insurers and Marketing Systems Insurance Company Operations Insurance Pricing

Recommended Books:

1. George E. Rejda, PRINCIPLES OF RISK MANAGEMENT AND INSURANCE, 8th Ed., (Addison Wesley/Pearson Education, Inc., 2003), ISBN 0201785633

2. Harrington, S., and G. Niehaus. RISK MANAGEMENT AND INSURANCE, 2nd ed. 2004 McGraw-Hill. C. Arthur Williams, Michael Smith, Peter Young RISK

3. MANAGEMENT AND INSURANCE McGraw-Hill, 7th Edition, 1995

Class Timing

Wednesday & Thursday 2:00 pm to 3:30 pm