ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD (Department of Bus ness A!

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RIS$ MANA%EMENT AND INSURAN&E ('()*"

&+E&$ LIST

SEMESTER, AUTUMN, -.)/

This packet comprises following material:1. 2. 3. ". Text Book Course Outline Assignment o.1! 2. Assignment #orms $two sets%

&n this packet! if 'ou fin( an'thing missing out of the a)o*e mentione( material! please contact at the a((ress gi*en )elow: T0e Ma 1 n2 Off 3er Ser4 3es B1o35 No6 -' A11ama I78a1 Open Un 4ers t9 +:', Is1ama8a!6 P0one, .;):<.;(*)):)-

Ms. Nadia Rashid

1

Course Coor(inator

ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD

(Department of Business Administration)

=ARNIN%
PLA%IARISM OR +IRIN% O> %+OST =RITER(S" >OR SOLVIN% T+E ASSI%NMENT(S" =ILL DEBAR T+E STUDENT >ROM A=ARD O> DE%REE?&ERTI>I&ATE, I> >OUND AT ANY STA%E6 -6 SUBMITTIN% ASSI%NMENTS BORRO=ED OR STOLEN >ROM OT+ER(S" AS ONE@S O=N =ILL BE PENALIAED AS DE>INED IN BAIOU PLA%IARISM POLI&YC6 &ourse, R s5 Mana2ement an! Insuran3e ('()*" Semester, Autumn, -.)/ )6

Le4e1, MS (Mana2ement S3 en3es"

Tota1 Mar5s, )..

Pass Mar5s, ;.

ASSI%NMENT No6 )
Note: All questions are compulsory. +. 1 ,iscuss in (etail the kin(s of pure risk pre*ailing in -akistan. (-." +. 2 ,iscuss the t'pes of insurance that a citi.en of -akistan can a*ail while li*ing in -akistan/ (-." +. 3 0hat (o 'ou mean )' risk management/ ,iscuss the application of risk management in the context of a corporation operating in -akistan. (-." +. " ,iscuss in (etail the process of assessing an( controlling the risk pre*ailing within the societ'. (-." +. 1 ,escri)e in (etail the *arious functions an( operations of an insurance compan' operating in -akistan. (-."

ASSI%NMENT No6 Tota1 Mar5s, ).. Note: All questions are compulsory. +. 1 0hat (o 'ou mean )' in*estment function in operations of insurance in(ustr'/ Anal'.e the last two 'ears tren( of propert' an( casualt' insurance in*estments in -akistan. (-." +. 2 2elect a life insurance compan' operating in -akistan an( (iscuss its metho(s for pro*i(ing life insurance protection to citi.en of -akistan. (-." +. 3 a% )% Briefl' (iscuss a)out the ma3or health-care pro)lems pre*ailing in -akistan. ()." ,escri)e the *arious health insurance co*erages against those pro)lems $(iscusse( in part $a%% )eing offere( )' the insurance in(ustr' of -akistan. ()." (-."

+. " ,iscuss in (etail the application of emplo'ee )enefit plans in -akistan.

+. 1 0hat (o 'ou mean )' social insurance/ ,iscuss its )enefits to the citi.ens of -akistan. (-."

RIS$ MANA%EMENT AND INSURAN&E ('()*"

&OURSE OUTLINE
UNITD) 1.1 R s5 an! Insuran3e 4isk 1.1.1 ,efining 4isk 1.1.2 Categories of 4isk A*aila)le in -akistan 1.1.3 Bur(en of risk on 2ociet' 1.1." 5etho(s of 6an(ling 4isk &nsurance 1.2.1 &nsurance an( &ts T'pes 1.2.2 Comparing &nsurance with 7am)ling an( 2peculation 1.2.3 Costs of &nsurance to 2ocieties in -akistan R s5 Mana2ement 4isk 5anagement an( &nsurance 5anagement 4isk 5anagement an( 8conomic 7rowth Benefits of 4isk 5anagement to the 2ociet' 8n*ironment for 4isk 5anagement 7lo)all' Application of 4isk 5anagement -rogram in -akistan >a3tors S0ap n2 R s5 Mana2ement Internat ona119 societal risk Assessment an( Control 4ole of 7o*ernment in 2ocietal 4isk 5anagement atural 6a.ar(s for 4isk Assessment in -akistan 4isk Assessment of 6uman #actors in -akistan 7o*ernment9s role in 4egulating -u)lic an( -ri*ate 2ector #inancial 2er*ices Culture an( &nformal 4isk 5anagement Arrangements in -akistan T0e Nature an! Importan3e of Insuran3e The &nsurance -ro(uction -rocess O*er*iew of &nsurance 0orl(wi(e The &nternational ,imensions of &nsurance 0orl(wi(e The 4ole of &nsurance in 8conomic 7rowth of -akistan ,eterminants of &nsurance 5arket 2tructure T0e Pr 4ate Insuran3e In!ustr9 O*er*iew of -ri*ate &nsurance in the #inancial 2er*ices &n(ustr' T'pes of -ri*ate &nsurers in -akistan Operations of &nsurance Compan' #inancial Operations of &nsurers 1.".1 -ropert' an( Casualt' &nsurers 1.".2 ;ife &nsurance Companies 1.".3 4ate 5aking in -ropert' an( Casualt' &nsurance 1."." 4ate 5aking in ;ife &nsurance

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UNITD2.1 2.2 2.3 2." 2.1 UNITD/ 3.1 3.2 3.3 3." 3.1 3.: UNITDE ".1 ".2 ".3 "." ".1 UNITD; 1.1 1.2 1.3 1."

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UNITD* :.1 :.2 :.3 :." :.1 :.: UNITD( =.1 =.2 =.3 =." =.1 =.: =.= =.> UNITD' >.1

>un!amenta1s of L fe Insuran3e 5eaning an( costs of -remature ,eath 8conomic <ustification of ;ife &nsurance #inancial &mpact of -remature ,eath on ,ifferent T'pes of #amilies in -akistan Amount of ;ife &nsurance to Own 5etho(s for -ro*i(ing ;ife &nsurance -rotection in -akistan -olicies 2ol( )' ;ife &nsurance Companies in -akistan In! 4 !ua1 +ea1t0 Insuran3e &o4era2es 6ealth-Care -ro)lems in the 0orl( &n(i*i(ual 6ealth &nsurance Co*erages in -akistan 6ospital-2urgical &nsurance 5a3or 5e(ical &nsurance 6ealth 2a*ings Accounts ;ong-Term-Care &nsurance ,isa)ilit'-&ncome &nsurance Benefits of 6ealth &nsurance to -akistan Emp1o9ee Benef ts 8mplo'ee Benefits: 7roup ;ife an( 6ealth &nsurance >.1.1 7roup &nsurance >.1.2 7roup ;ife &nsurance -lans >.1.3 7roup 6ealth &nsurance -lans >.1." 5anage( Care -lans 8mplo'ee Benefits: 4etirements -lans 3.2.1 #un(amentals of -ri*ate 4etirement -lans 3.2.2 T'pes of ?ualifie( 4etirement -lans 3.2.3 4etirement -lans for the 2elf-8mplo'e( 3.2." 2implifie( 8mplo'ee -ension $28-% Application of 8mplo'ee Benefits -lans in -akistan So3 a1 Insuran3e 2ocial &nsurance an( its characteristics Benefits of 2ocial &nsurance to 2ociet' Anemplo'ment &nsurance 0orkers Compensation Application of 2ocial &nsurance in -akistan ew ,elhi!

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>.3 UNITD< @.1 @.2 @.3 @." @.1

Recommended Books: 4e3(a! 7. 8. $2BB1%. Principles of Risk Management and Insurance $@th 8(.%. &n(ia: ,orling Cin(ersle' ;t(.

Daughan! 8. <. E Daughan! T. $2BB3%. Fundamentals of Risk and Insurance $@th 8(.%. ew Fork! A.2.A.: 0ile' <ohn E 2ons 2kipper! 6. ,. E Cwon! 0.<. $2BB=%. Risk Management and Insurance: Perspectives in a Global Economy. Oxfor(! A. C.: Blackwell -u)lishing