BMS: Risk Management

Unit 1 Introduction, Risk Measurement and Control
Introduction, Risk Measurement and Control	VIEW
Definition, Risk Process	VIEW
Risk Organization	VIEW
Key Risks: Interest, Market, Credit, Currency, Liquidity, Legal, Operational	VIEW
Risk Management V/s Risk Measurement:	VIEW
Managing Risk, Diversification	VIEW
Investment Strategies	VIEW
Introduction to Quantitative Risk Measurement and its Limitations	VIEW
Principals of Risk: Alpha, Beta, R squared, Standard Deviation	VIEW
Risk Exposure Analysis	VIEW
Risk Immunization	VIEW
Risk and Summary Measures: Simulation Method	VIEW
Duration Analysis of Risk	VIEW
Linear and other Statistical Techniques for Internal Control	VIEW
	VIEW

Unit 2 Risk Avoidance and ERM
a) Risk Hedging Instruments and Mechanism:
Forwards, Futures, Options, Swaps	VIEW
Arbitrage Techniques	VIEW
Risk Return Trade off	VIEW
Risk Return Model	VIEW
Arbitrage Theory	VIEW
System Audit Significance in Risk Mitigation	VIEW
b) Enterprise Risk Management:
Risk Management V/s Enterprise Risk Management	VIEW
Integrated Enterprise Risk Management, ERM Framework	VIEW
ERM Process	VIEW
ERM Matrix	VIEW
SWOT Analysis	VIEW
Sample Risk Register	VIEW

Unit 3 Risk Management in Insurance
a) Insurance Industry:
Global Perspective, Regulatory Framework in India	VIEW
IRDA: Reforms, Powers, Functions and Duties	VIEW
Role and Importance of Actuary	VIEW
b) Players of Insurance Business:
Life Insurance	VIEW
Non-Life Insurance	VIEW
Reinsurance, Bancassurance	VIEW
Alternative Risk Transfer	VIEW
Insurance Securitization	VIEW
Pricing of Insurance products	VIEW
Expected Claim Costs, Risk Classification	VIEW
c) Claim Management: General Guidelines	VIEW
Life Insurance	VIEW
Maturity Claim, Death Claim	VIEW
Fire	VIEW
Motor Insurance Claim	VIEW
Calculation of Discounted Expected Claim Cost and Fair Premium	VIEW