Hbc2109:Insurance And Risk Management Question Paper
Hbc2109:Insurance And Risk Management
Course:Bachelor Of Commerce
Institution: Meru University Of Science And Technology question papers
Exam Year:2011
QUESTION ONE (30 MARKS) a) Explain the characteristics of an ideally insurable risk (10 Marks) b) Explain any four major personal risks indicating the implications of each. (10 Marks) c) Discuss the benefits of insurance to society. (10 Marks)
QUESTION TWO (20 MARKS)
a) To properly insure and mange risk a management needs to indentify the risk exposures that his business is likely to be open to. Assuming you are the manager in such a company, identify and explain in details the commonly business exposures is likely to be exposed to. (10 Marks) b) Enumerate some of the risk control techniques. (10 Marks)
QUESTION THREE (20 MARKS)
a) Explain any five types of risk management tools. (10 Marks) b) Elucidate some of the benefits of workers compensation insurance. (10 Marks)
QUESTION FOUR (20 MARKS)
a) Discuss some of the challenges facing the insurance industry in Kenya today (10 Marks) b) Giving appropriate examples elucidate on some of the occupations open in the Insurance sector. (5 Marks) c) (5 Marks)
QUESTION FIVE (20 MARKS)
a) Explain some of the types of insurance companies. (10 Marks) b) What are some of the challenges the Kenya – Re is facing in its operation today. (10 Marks)
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