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DFIN404 INSURANCE AND RISK MANAGEMENT

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DFIN404 INSURANCE AND RISK MANAGEMENT
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Description

Description

SESSION July 2023
PROGRAM MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER IV
course CODE & NAME DFIN404_INSURANCE AND RISK MANAGEMENT

 

 Assignment Set – 1

  

  1. Write a short note on the reforms in the Indian Insurance industry and their impacts.

 

  1. Mention the major factors influencing the key functioning of Insurance organizations.

 

  1. Write an explanation for the coverages under a Standard Fire and Special Perils (SFSP) Policy 10 10

 

 

 

Assignment Set – 2

  1. Explain the need for Underwriting in Life Insurance along with its functions. 10

 

 

Ans 5.

Insurance pricing refers to the determination of the premiums that an insured person will pay for a specified level of coverage over a defined period of time. The principles of insurance pricing are fundamental to ensuring that the insurance company remains solvent and can meet its obligations to its policyholders while also making a reasonable profit.

Here are the main principles of insurance pricing:

Risk Pooling: This is the central principle of insurance. Individuals or entities with similar

 

  1. Describe in brief the contours of the future of Insurance in Rural Areas.

 

Additional information

Assignment Type

General, Unique

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