Pricing and umbrella policies

Pricing and umbrella policies

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Insurance and Risk Management (FIN 254)

Unit 7: Homeowners Insurance

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of pricing and umbrella policies.
• Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

• Pricing homeowners policies
• Personal umbrella policies

Detailed Microsyllabus

1. Homeowners pricing

   1. Risk factors and supplied rating assumptions.
   2. Coverage and cost relationships.
   3. Distinguish example calculations from live quotations.

2. Umbrella cover

   1. Purpose and relation to underlying policies.
   2. Limits and conditions in the assigned form.
   3. Avoid assuming every liability is covered.

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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.