ASSIGNMENT

DRIVE SPRING 2022

PROGRAM MBA
SEMESTER IV
SUBJECT CODE & NAME FIN404- Insurance & Risk Management
BOOK ID B1816
CREDIT 4 CREDITS
MARKS 30 MARKS (EACH SET)

Note –The Assignment is divided into 2 sets. You have to answer all questions in both sets.
Average score of both assignments scored by you will be considered as your IA score. Kindly note
that answers for 10 marks questions should be approximately of 400 words.
SET-I

1 Write short notes on-

a) Fire Insurance Contract
b) Marine Insurance
c) Rural Insurance
d) Social Insurance
a) Fire Insurance Contract 2.5 10
b) Marine Insurance 2.5
c) Rural Insurance 2.5
d) Social Insurance. 2.5
2 Explain the concept of Reinsurance also discuss various benefits of Reinsurance
Concept of Reinsurance 5 10
Benefits of Reinsurance 5
3 Elucidate the concept of Insurance Underwriting. Differentiate between Life
insurance underwriting and Non-life insurance underwriting.
Insurance Underwriting. 4 10
Difference between Life insurance underwriting and Non-life 6
insurance underwriting

SET-II

Q.No Criteria Marks Total Marks

1 Discuss different Problems and Prospects of Public Insurance Enterprises.
Problems and Prospects of Public Insurance Enterprises 10
2 Define Insurance from Individual & Social Viewpoint
Insurance from Individual Viewpoint 5 10
Insurance from Social Viewpoint 5
3 Write short notes on
a) Insurance Regulatory and Development Authority (IRDA)
 b) Privatization of Insurance Industry
Insurance Regulatory and Development Authority (IRDA) 5 10
Privatization of Insurance Industry 5