Attempt Question ONE(compulsory) and any other TWO.
.Start each question on a new page
.Marks are awarded for proper explanation and use of appropriate examples
QUESTION ONE:(30 marks)
A)Explain the following
i)Underwriting of insurance claims (4 marks)
ii)Classification of hazards (6 marks)
b)i)Explain the requisites of insurability.(6 marks)
ii)Discuss the purposes of underwriting (6 marks)
c)Risk management techniques can be applied in any type of organisation,although they are more
commonly associated with large company.Briefly discuss with relevant examples the tools and
techniques that a risk manager in a large firm may employ to identify the risk in the
organisation. (8 marks)
QUESTION TWO:(20 marks)
A)”Business should not risk too much by assuming risks they may not have the capacity to
accommodate.”Discuss. (12 marks)
b)Briefly discuss any FOUR types of liability insurance covers offered by insurer for liability
risks. (8 marks)
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