Fundamentals of risk management and insurance


Question 1: Set out the responsibilities duties of the insured.

Question 2: Illustrate the concept of reinsurance and assess its impact on insurance in general.

Question 3: List out and describe five perils.

Question 4: Describe the options for the avoidance of risk.

Question 5: Describe three ways of decreasing risk with regards to goods in transit.

Question 6: Describe the main types of insurance premium.

Question 7: Describe the role of a risk manager in an organization.

Question 8: Describe the characteristics of an insurance pool.

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