FUNDAMENTALS
OF INS~RANCE
DR. P.K. GUPTA M.Com., Ph.D. (Finance), FICWA, FCS, CFA AIlI
Reader (Finance & Risk Management) Centre for Management Studies Jami a Millia Islamia, Delhi
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CONTENTS
1
Risk Management and Control ............................................................................ 3-18 1.1 The Concept of Risk ............................................. .. .............. ... ............................ 3 1.2 Risk vs. Uncertainty .. ... ... ........ ... ...... ... ......... .. ............... .... .. ...... .. ......................... 3 1,3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11
2
Types of Risks ... ... ................ ... ..................... .. .. ........................................ .. ........... 5 Classifying Pure Risks ................................................ .. ...............