UNIVERSITI TEKNOLOGI MARA

COURSE INFORMATION

Code UBM588
Course Introduction to Risk and Insurance
Level Bachelor Degree
Credit Unit 3
Credit Hours 3
Part -
Course Status Elective
Pre-requisite -
Course Description This course is an introductory course on risk and insurance, which
include the nature of risks, legal aspect and classes of insurance,
methods to explore and identify risks effectively; as well as assessment
of risk using risk management techniques. During the course, the risk
management techniques will be illustrated using a range of data and
case studies with respect to the study program.

Syllabus Content 1.0 The Nature of Risk

2.0 Risk Management
3.0 Risk Assessment and Risk Management Techniques
4.0 The Nature of Insurance
5.0 Legal Aspect of Insurance
6.0 Classes of Insurance
7.0 Nature and Structure of Insurance Documents
8.0 Takaful
Teaching  Lectures
Methodology  Discussion
 Simulation (RISKID)
Assessment  Test - 10%
 Test - 10%
 Case Study - 20% (Reflection Paper on SDGs)
 Project - 50% (Risk Survey and Assessment)
 Presentation - 10%
Lecturer Mohd Faizol Rizal Bin Mohd Rasid (0136925402)
PFI 05-075A (03-3258 7141)
Recommended Text 1. Oswald @Timothy Edward, Azitadoly Mohd Arifin, Ainon Basar, Nurul
Aida Harun, Norfaezah Mohd Shahren, Faziatul Amillia Mohd Basir, Risk
& Insurance, 3rd Edition, (2017). McGraw - Hill Education (Malaysia)
Sdn. Bhd. ISBN: 978-967-0761-27-5.
References 1. Insurance Principle and Market Practice, 1st Edition, (2015).
Malaysian Insurance Institute, Malaysia. ISBN: 978-983-2432-19-7.
2. Insurance Underwriting Management, 1st Edition, (2015). Malaysian
Insurance Institute, Malaysia. ISBN: 978-983-2432-21-0.
3. Insurance Claims Management Principle and Market Practice, 1 st
Edition, (2015). Malaysian Insurance Institute, Malaysia. ISBN: 978-
983-2432-22-7.
4. Risk Management, 1st edition (2015), Malaysian Insurance Institute,
Malaysia.

Test TBC