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Chapter

Managing Risk in Insurance Business

Risk Management in Banking and Insurance (Elective Paper 20B)Section B: Risk Management in Insurance (40%)15 marks

10 topics

  1. Concept of Risk in Insurance Business
  2. Factors affecting Risk Profile of Insurers
  3. Kinds of Risks in Insurance – Portfolio Risk, Solvency Risk, Marketing Risk, Market Risk, Operational Risk and Other Risks
  4. Risk-based Capital, Types of Risk-based Capital – Current Risks, Special Risks, Non-technical Risks
  5. Risk Management Process in Insurance: Risk Identification
  6. Risk Management Process in Insurance: Risk Assessment
  7. Risk Management Process in Insurance: Risk Treatment
  8. Risk Management Process in Insurance: Risk Reduction
  9. Risk Management Process in Insurance: Risk Review and Monitoring
  10. Role of an Actuary in Insurance Business
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