BAF 311 Risk Mgt and Insurance Assignment

Reference no: EM132506841 , Length: 6 Pages + 10 PPT

BAF 311 Risk Mgt and Insurance Assignment - Emirates College of Technology, UAE

Learning Outcomes -

LO1: Describe competition, cooperation and regulation in the insurance industry and identify legal characteristics of insurance contracts.

LO2: Differentiate between life insurance products and explain the unique characteristics of life insurance.

LO3: Analyze exposure and risk management in commercial property insurance and compare commercial and personal liability coverage

LO4: Discuss the future of the insurance industry, the new issues that may arise and the risk management implications.

1. Project Objective -

In this project, student is required to design a report on the life insurance industry, he has to differentiate between life insurance products and explain the unique characteristics of life insurance. This report is a Manual of most important topic in Risk Management and Insurance (life insurance & the legal constraints), which explain the following aspects:

- Life Insurance products

- Legal characteristics of insurance contracts

- Future of Insurance

2. Contents of the Project -

In this project, you must include the following sections:

1) Executive Summary

2) Overview of the regulation in the insurance industry and the financial aspects. Must include:

- Private insurance

- Social Insurance

- Public Benefit Guarantee Program

3) Overview of Life Insurance:

- Universal life insurance

- Adjustable life insurance

- Variable life insurance

4) Take example from one of the life insurance cases and make the Cost analyzing through the following:

- Traditional Net Cost Method

- Surrender Cost Index

- Net Payment Cost Index

5) Discuss the future of the insurance industry at the Global & Local levels.

6) Conclusion

Reference no: EM132506841

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