Catastrophic perils

Catastrophic perils

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 catastrophic perils.
• Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

• Coverage of high risk/ catastrophic perils
• Impact of catastrophes on property insurance

Detailed Microsyllabus

1. Catastrophic perils

   1. High-severity and correlated losses.
   2. Coverage limitations and capacity.
   3. Identify the peril and geographic context.

2. Industry impact

   1. Claims concentration and funding needs.
   2. Pricing and risk-sharing considerations.
   3. Use scenarios rather than invented catastrophe probabilities.

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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.