BBA 301: INSURANCE AND RISK MANAGEMENT (Syllabus for 2020-2021)
Objectives:The objective of this course is to familiarize students with the principles and practices being followed in the insurance sector. The students will also learn risk management process and applications.
UNIT – I 
Insurance: Concept, Nature of Insurance, Functions of Insurance, Importance of Insurance, Principles of Insurance Contract-Features of Life and Non-life Insurance. Insurance and IRDA: IRDA Act 1999, Provisions, Duties, Powers and Functions of IRDA. 
UNIT- II 
Risk and risk management process - Concept of risk, risk vs. Uncertainty, types of risks, risk identification evaluation. Risk management objectives-selecting and implementing risk management techniques. Commercial risk management applications–property–liability–commercial property insurance different policies and contracts–business liability and risk management insurance–workers' compensation and risk financing.