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Bci 210: Principles Of Insurance &Amp; Risk Management Question Paper

Bci 210: Principles Of Insurance &Amp; Risk Management

Course:Bachelors Of Commerce

Institution: Kibabii University question papers

Exam Year:2014

Answer All Questions in Section A and Any Three Questions in Section B
Time: 2 Hours

SECTION A
Question One
a) Write Short notes on i) Uncertainty & Risks (3 marks)
ii) Underwriters (3 marks)
iii) Co – Insurance (3 marks)
b) Explain any Five functions of a risk manager (5 marks)

Question Two
a) Explain how does fundamental risk differ from particular risk (5 marks)
b) Explain any three differences between an insurance and a wager (6 marks)

SECTION B
Question Three
a) Explain any four methods of treating risks (8 marks)
b) Explain a risk register and discuss three reasons why it is maintained (7 marks)

Question Four
c) Explain any five challenges that insurance industry in Kenya faces (10 marks)
d) State any five benefits of insurance in Kenya (5 marks)

Question Five
Explain the various types of risks encountered by an organization by use of relevant examples (15 marks)

Question Six
Describe the process that may be followed in managing risks of a manufacturing organization (15 marks)

Question Seven
a) Explain any Five insurance principles applicable in Kenya (10 marks)
b) Outline the role of government in risk management (5 marks)

Bci 210: Principles Of Insurance &Amp; Risk Management Question Paper

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