INFOLINK COLLEGE 2012.E.

C
ASSIGNMENT-1

Risk management &Insurance

1. Define peril And Hazard
1. Distinguish their difference and similarity of the above terms.
2. Mention example of physical Hazard
3. What are the category of Hazard define each term
4. Define risk
5. Differentiate Risk vs. Probability

2. Match
1. Act of carelessness A. certainty
2. Specific cause of a loss B. Peril
3. Create or increase chance of loss C. uncertainty
4. Evil Tendency D. Risk
5. State of world E. Morale hazard
6. State of mind F. moral hazard
7. Decision makers are fully informed H. Hazard
G. Probability