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
- Concept of Risk in Insurance Business
- Factors affecting Risk Profile of Insurers
- Kinds of Risks in Insurance – Portfolio Risk, Solvency Risk, Marketing Risk, Market Risk, Operational Risk and Other Risks
- Risk-based Capital, Types of Risk-based Capital – Current Risks, Special Risks, Non-technical Risks
- Risk Management Process in Insurance: Risk Identification
- Risk Management Process in Insurance: Risk Assessment
- Risk Management Process in Insurance: Risk Treatment
- Risk Management Process in Insurance: Risk Reduction
- Risk Management Process in Insurance: Risk Review and Monitoring
- Role of an Actuary in Insurance Business