Risk foundations and burdens

Risk foundations and burdens

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Insurance and Risk Management (FIN 254)

Unit 1: Introduction to Risk and Insurance

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of risk foundations and burdens.
• Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

• Meaning of risk, chance of loss, peril and hazard
• Basic categories of risk
• Major risk facing businesses and individuals
• Burden of risk on society

Detailed Microsyllabus

1. Risk terminology

   1. Risk and chance of loss.
   2. Peril versus hazard.
   3. Source-prescribed risk categories.

2. Consequences

   1. Major risks for businesses and individuals.
   2. Economic and social burdens.
   3. Distinguish exposure from an actual loss.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 92–96.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.