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Sales and Marketing Activities of Insurers
Sales and marketing are crucial functions for insurance companies, driving revenue growth and bu...
Underwriting
Underwriting is the process by which an insurance company evaluates the risk presented by an app...
Components of Insurance Contracts
An insurance contract (policy) is a legally binding document that outlines the rights and respon...
Requirements of an Insurance Contract
For an insurance contract to be legally valid and enforceable, it must meet specific requirement...
Fundamental Legal Principles of Insurance
Insurance contracts are governed by several fundamental legal principles that ensure fairness an...
Case Studies on Management of different Personal and Business Risk
Due to the nature of case studies requiring specific scenarios and detailed analysis that is bes...
Enterprise Risk Management (ERM) – Concept & Benefits
Enterprise Risk Management (ERM) is a holistic and integrated approach to managing all of an org...
Personal Risk Management
Personal risk management involves identifying, assessing, and managing the risks that individual...
Techniques for Managing Risk
Once risks have been identified and assessed, the next step is to select and implement appropria...
Steps in the Risk Management Process
The risk management process is a systematic approach to identifying, assessing, and controlling ...
Risk Management: Meaning and Objectives
I. Meaning of Risk Management: Risk management is the systematic process of identifying, assessi...
Insurance: Kinds – Life and General Insurance
Insurance is broadly categorized into two main types: Life Insurance and General Insurance (also...
Benefits and Costs of Insurance to Society
Insurance plays a significant role in modern society, providing numerous benefits but also incur...
Law of Large Numbers and Characteristics of an Ideally Insurable Risk
I. Law of Large Numbers: Definition: The Law of Large Numbers (LLN) is a statistical principle...
Insurance: Definition and Basic Characteristics
I. Definition of Insurance: Insurance is a financial mechanism that transfers the risk of a pote...
Burden of Risk on Economy and Society
Risk, both personal and commercial, imposes significant burdens on the economy and society as a ...
Major Personal Risks and Commercial Risks
This section outlines the primary risks faced by individuals (personal risks) and businesses (co...
Classification of Risk
Risks can be classified in various ways to better understand their nature, sources, and potentia...
Peril and Hazard
In the context of risk, particularly in insurance and risk management, peril and hazard are dist...
Chance of Loss
The "chance of loss" is a fundamental way to define risk, especially in the context of investmen...