INS 220

Property Risk Management

TU BBM · Semester 7 · BBM curriculum effective from 2021

Requirement
elective
Credits
3
Past papers
0 papers

Syllabus

What this course covers and how the teaching time is divided.

Property Risk Management Syllabus

Official TU PDF

Tribhuvan University

Faculty of Management

Office of the Dean

Bachelor of Business Management (BBM)

Course Title: Property Risk Management

Course Code: INS 220

Semester: Semester 7

Nature of Course: elective

Full Marks: 100

Pass Marks: 50

Credit Hours: 3 Cr.

Curriculum: BBM curriculum effective from 2021

Course Description

:

This course contains concept of commercial property and commercial property risk, commercial property insurance, commercial property underwriting. Finally, it presents insurance market of commercial property.

Course Objective

:

The main objective of this course is to acquaint students with concepts and practices of commercial property risk management. It also aims to analyze the major issues related to the insurance market of commercial properties. Course Description This course contains concept of commercial property and commercial property risk, commercial property insurance, commercial property underwriting. Finally, it presents insurance market of commercial property.

Course Contents:

Lecture hours show the approximate classroom time allocated to each unit.

Unit 1. Introduction

10 hours
  • Concept of commercial property
  • Types of commercial property
  • Significance of commercial property insurance
  • Scope of commercial property
  • Commercial property insurance
  • Laws related to commercial property.

Unit 2. Commercial Property Risk

8 hours
  • Commercial property risk: Concept and types
  • Managing commercial risk
  • Commercial risk in perspective of insured and insurer.

Unit 3. Commercial Property Insurance

15 hours
  • Proposal form
  • ISO commercial property program
  • Building and Personal property coverage Form
  • Causes of loss forms
  • Business income insurance
  • Other commercial property Coverage
  • Transportation insurance
  • Commercial property insurance policy wording:
  • Major coverage, Condition, Exclusion, Endorsements, Schedule, Bill, Deductibles and Self Insured Retentions.

Unit 4. Commercial Property Underwriting

7 hours
  • Underwriting of commercial property
  • Ratemaking of commercial property policy.

Unit 5. Insurance Market of Commercial Property

8 hours
  • Buyer of CPI Policy, Underwriter of CPI Policy, Premium, Reinsurance, Claim Status of CPI of the Industry, Insurance market of commercial property in Nepal.

Suggested Readings:

Rejda, G. E. Principles of Risk Management and Insurance. New Delhi: Pearson Education. Vaughan, E. J. & Vaughan, T. M. Fundamentals of Risk and Insurance. New York: John Wiley & Sons. Mishra, M. N. & Mishra, S. B. Insurance Principles and Practices. Delhi: S. Chand & Company Ltd. Harrington, S.E. & Niehaus, G.R. Risk management and insurance. New Delhi: McGraw Hill Education (India) Pvt Ltd. Gupta, P. K. Insurance and Risk Management. Mumbai: Himalaya Publishing House Government of Nepal, Insurance Act and Insurance Regulation. Directives, guidelines, policies issued by Nepal Insurance Authority/ Beema Samiti.