Assignment 1

Q.No.1 : Differentiate between life insurance and Marine Insurance. Describe various marine
Insurance Policies.
Q.No.2: Define insurance contract. Discuss various essentials of a valid insurance contract.
Q.No.3: Elaborate on the History of Insurance in India.
Q.No.4: what is insurance? How business of insurance works? What is the role of insurance in
development of economy?
Q.No.5: Describe the role, powers and functions of Insurance Regulatory & Development of
economy?
Q.No.6: Describe the feature of two insurance products- one life and other non-life of any
insurance Players of your choice. Comment on the pricing and marketing strategy adopted by the
respective insurance players for the selected products.
Q.No. 7: (a) State the various perspectives of insurance business in a globalised scenario.
(b) List the various factors affecting the demand for insurance in developing countries.
Q.No 8: Define reinsurance. Briefly explain the role of reinsurers and capital requirement.
Illustrate the various types of reinsurance arrangements
Q.No.9 : (a) Distinguish between life and General Insurance.
(b) What is Insurance pricing? Discuss the procedure for determination of Insurance
Premium ?
(c) What is health Insurance? What are its benefits? How health insurance can be useful
for the huge population of India?
Q.No.10: Insurance is risk transfer and risk sharing. Do you agree with this statement?
Explain.

Assignment 2
Q.No.1 What is Risk? Is Risk different from uncertainty? Give examples of risk involving
property, life, health, loss of income and financial losses.
Q. No. 2 What is Risk management? Whether risk management process is meant for prevention
of future risk or for reducing the risk already happened?
Q.NO. 3 Pooling Arrangement is the method of risk sharing. Elaborate this term.
Q.No.4 What is Risk Management? Explain the following concepts of probability and statistics
of risk measurement:
Skewners
Correlation
Variance and standard Deviation
Q.No.5 Explain the following term
Risk Retention and Risk Transfer
Insurable Risk