Identification and loss measurement

Identification and loss measurement

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Insurance and Risk Management (FIN 254)

Unit 2: Risk Identification and Management

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of identification and loss measurement.
• Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

• Risk identification
• Use of probability in risk measurement
• Evaluating the frequency and severity of losses

Detailed Microsyllabus

1. Risk identification

   1. Identify assets, activities and potential losses.
   2. Use systematic information sources.
   3. Describe exposure clearly.

2. Measurement

   1. Probability and loss frequency.
   2. Severity and expected-loss reasoning.
   3. Use supplied data and uncertainty assumptions.

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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.