Insurance and Risk Management — Winter 2025

What is risk? Explain nature and types of risk. Also discuss sources of risk.

Write a Note: Risk for Financial Institutions

Explain risk management techniques and process in brief with example.

Write a Note: Measures of Risk

What is insurance? Explain nature, importance and need of insurance in brief.

Describe various principles of insurance with suitable examples.

Explain various types of insurance in detail with current suitable examples.

Write a Note: IRDA Framework & Role

Describe any three life insurance products in detail with its benefits.

Define the term claim. Explain claim management process in detail.

Explain financial objectives of insurance company.

What is insurance pricing? Explain various types of rating in detail with suitable examples.

Explain the term underwriting and also state objectives and philosophy of it.

Write a Note: 1. ALM 2. General guidelines for settlement of claims(Life)

Explain role and techniques of reinsurance in detail.

Write a Note: 1. Risk Return Trade OFF 2. QIS4

What is valuation? Explain various techniques of valuation in detail.