Module Descriptor Module Title Programme Term Credits : Insurance Management ( FM1) : BBA :V :4

Time required in terms of Student Learning: Learning Contact Guided study Assessment Total Hours 40 35 25 100

Aim and Objectives The course is designed to offer a theoretical framework for the analysis of financial intermediation, the Insurance firm and trends in Insurance Sector. Provide students with broad perspective of risk management and to acquaint with essential details of insurance contracts and markets On completion of this module the student will be able to: o To explain how Risk and Risk mitigation is managed To know about the theoretical aspects relating to risk management & insurance management Teaching/Learning Approach Teaching/ learning approach will include following methods: Lectures supported with overhead transparencies or power point slides and handouts Group Discussions Case Studies Individual and Group Presentations Text book readings and Articles. Quiz Guided Study Guided study will include text readings, articles on contemporary issues in organization, assignments, case analysis and power point presentations. Assessment Assessment of the student will be based on mid-term and end term examination and continuous assessment subject to class participation, assignments and presentations.

Indicative Content Topic UNIT 1 Coverage

The Concept of Risk Risk Vs. Uncertainty types of Risks: Market Risk, Credit Risk, Operational Risk, interest risk, business risk, systematic risk Classifying pure risks methods of handling pure risks risk management process Risk financing techniques Risk management objectives Risk Management by Individuals: Factors effecting individual demands for insurance Risk Management by Corporations: Corporate Risk Management Process Types of Risk Managing firms Growth & Development of Indian Insurance Industry Regulations of Insurance Business and The Emerging Scenario Introduction to Life & General Insurance Life Insurance: Features of Life Insurance Essentials of Life Insurance Contract Kinds of Insurance Policies Premium determination Life Policy Conditions Fire Insurance: Fire Insurance Contracts Fire Insurance Coverage Policies for stocks Rate Fixation in Fire Insurance Settlement of Claims. Marine Insurance: Marine Insurance Contract Types of Marine Insurance Marine Cargo Losses and Frauds Settlement of claims Miscellaneous Insurance: Motor Insurance ,Employers Liability Insurance, Personal Accident and sickness Insurance ,Aviation Insurance , Burglary Insurance

No. of lectures 9

Presentations Presentation

Case study

UNIT 2

Case Study

UNIT 3

Presentation

UNIT 4

Case Study

UNIT 5

Case Study

Suggested Readings: Only 5 books

1. Dr. P.K. Gupta: Insurance and Risk Management, 1st edition,Himalaya Publishing House. 2. Dr.P.K. Gupta: Fundamental of Insurance, 1st edition, Himalaya Publishing House. 3. C. Gopala Krishnan: Insurance Principles & Practice, Sterling Publishers Pvt. Ltd., New Delhi. 4. Prof. K.S. N. Murthy and K.V.S. Sarma: Modern Law of Insurance in India, N.M. Tripathi Pvt. Ltd., Bombay. 5. P.S. Palande, R.S. Shah, M.L. Lunawat: Insurance in India, Sage Publications, New Delhi.