Syllabus
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Course Code: FM-405 Course Name: Specialisation-A: FINANCE - Insurance and Risk Management |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | Evolution, growth and organizational structure of banking in India, Salient provisions of Banking Regulation Act, 1949, Bank Nationalization, restructuring and consolidation. Debt restructuring and NPAs, Banking prudence, capitalization and Basel norms. Organization and structure of Insurance for risk transfer and financial intermediation: Insurable interest and insurance principles for life, marine, fire insurance. Role of insurance Companies in financial stabilization, nation building and infrastructure development, Salient features of Insurance Regulation and Development Authority (IRDA) Act, 1999. An overview of operations and performance of public, private and foreign insurance companies in India. Insurance density, penetration and affordability of generic insurance products, schemes and plans in India for life and general purpose insurance. Annuities and its roles in insurance product designing and risk mitigation. Distribution channel in Insurance: Individual Agents-Appointment, functions, code of conduct and remuneration; Claims settlement in Life Insurance and General Insurance. Risk and its Management, Objectives of Risk Management, Risk Identification and Measurement, Risk Pooling Arrangements and Diversifications, Process of Risk Management. Risk Aversion and Risk Management of Individuals and Corporations, Risk Management and Shareholder’s Wealth. Analytical tools used in Corporate Risk Management: DOW Index, Fault Tree, Event Tree, Hedging with Derivative Contracts, Risk Pricing. Process of Risk Control, Loss Prevention, Techniques of Risk Retention and Reduction. |
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