insurance and risk management

EXAM MIDTERM EXAM – SUMMER – 2020- 2021 INVIGILATOR: _-------------------------------

COLLEGE OF: BUSINESS AND FINANCIAL SCIENCES

STUDENT’S NAME: __________________________________ STUDENT ID: _______________

COURSE TITLE: INSURANCE AND RISK MANAGEMENT COURSE CODE: BNF 415

Assignment: Total points 100 Scaled down to 30. Due Date: 17/6/21

Insurance pays for the damages if the risk were to occur. Risk management

provides a clear and structured approach to identifying risks. Having an effective

and operational risk management practice shows an insurer that your organization

is committed to loss prevention and loss reduction.

In the light of the above statement, you are required to write a report of no less than

3000 words discussing the importance of risk management for organizations

highlighting the following points:

- Introduction, Conclusion with opinion

1- Concept, meaning of risk management. ( 5 marks)

2- Objectives of Risk management. Pre loss and post loss objectives. (15 marks).

3- The 4 steps of risk management process. ( 25 marks)

4- Analyzing loss exposure. (15 marks)

5- Selecting, Implementing, monitoring the appropriate risk management

program. (20 marks)

6- Methods of Risk control. (10 marks)

Following are your guidelines:

1- The report word count is no less than 3000 words.

2- Your report has to have a clear and simple structure of:

- Title page with your name and ID No.

- Table of content.

- Introduction. ( 5 marks) 3- The body of the report.

4- Page of references. APA referencing.

5- clear conclusion reflecting your opinion about your report ( 5 marks) 6- Upload

your work on TURINITIN. Through MOODLE.

7- Use at least 5 different sources other than your text book while preparing your report.

Journal articles preferred. You can use E Books/ E Databases of library.

GOOD LUCK

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