Risk handling and insurance foundations

Risk handling and insurance foundations

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 handling and insurance foundations.
• Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

• Methods of handling risk
• Insurance: meaning, purpose, and characteristics

Detailed Microsyllabus

1. Risk handling

   1. Avoidance, reduction, retention and transfer as prescribed.
   2. Match methods to frequency and severity.
   3. Compare costs and limitations.

2. Insurance foundations

   1. Meaning, purpose and characteristics.
   2. Pooling and contractual protection.
   3. Distinguish insurance from elimination of every risk.

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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.