Students will know the nature and classifications of risks. Risk analysis tools, Risk management techniques. Scope and schemes of insurance, Classification of insurance, The insurance contracts, social insurance and pension schemes. Group insurance, insurable interest. Utmost good faith. Indemnity, subrogation, contribution and proximate cause. Insurance markets. Insurers and insured. Brokers and agents
LEARNING OUTCOMES
At the end, the students should understand the concept of risk taking in business and how to safe guard the business through insurance cover. It provides a logical view of the dynamics of business risk and insurance policy in an organization.
- Teacher: Mukhtar Baba