Insurance and Risk Management Paper 1

The Insurance is a ______________

Losses arising due to a risk exposure retained or assured is known as ______________

An alternative approach to the check list is ______________

The measures aimed at avoiding, eliminating or reducing the chances of loss production is covered by ______________

Insurance is best suited to risk with ______________.

The risk manager maybe able to identify the new ventures involved in ______________.

An instrument by which a pure risk is transferred by a party other than insurer is

The Person whose risk is insured is called ______________.

That which is designed to improve the information on which decisions are take to reduce risk is ______________.

Uncertain events are broadly classified as ______________.