Cost of Insurance
Introduction to Cost of Insurance Determining the cost of insurance is one of the important aspects of underwriting. The cost of insurance is not determined based on the cost of…
Risk Management
Introduction to Cost of Insurance Determining the cost of insurance is one of the important aspects of underwriting. The cost of insurance is not determined based on the cost of…
What is Insurance? Insurance means protection against future losses arising from unexpected possible risks. Technically, insurance is a course of action through which an individual manages the potential risk and…
Concept of Risk Risk refers to a particular situation due to an uncertain or unexpected event. Every activity undertaken by individuals or organizations involves some kind of risk, which can…
Risk management is defined as the art and science of identifying, analyzing, prioritization, management and responding to risk factors throughout the life of a project and in the best interests of its objectives.
Risk Management can be defined as the process involving measurement and assessment of risk, and development of strategies to curb and manage such identified risks.