Topic outline

  • General



    • My beloved Insurance & Risk Management Students:

      Welcome to Insurance and Risk Management. My name is Md. Anhar Sharif Mollah, and I am your instructor in this course. In addition to welcoming you to the course, I would like to give you some helpful information and a few hints for successful completion of this course. For many of you, this is your first experience with an online course. Online courses provide a different way to study and place different skills from students. You will find that, as an online learner, self motivation and discipline are paramount. This means that you are completely responsible for establishing and maintaining a regular study system. In addition, some students anticipate that online courses will be easier than face-to-face courses. From my experience, mostly students say…..they are NOT. You will be responsible for the same course materials and the same standards of excellence that are required in the face to face courses. While the E-learning team and I will provide you with support during the course but you should be aware of the self-discipline required to successfully complete FIN 303. My experience with online study is that getting started and keeping on schedule are most important to successful completion. Review the course instructions in your Syllabus and course homepage in Compass. They provide important information about the purpose of assignments.


    • Course Information:

      Course Title: Insurance & Risk management
      Course Code: FIN 303


      Instructor Profile:


      Course Teacher:         Md. Anhar Sharif Mollah
      Designation:                Assistant Professor 
      Email:                             anhar.bba@diu.edu.bd
      Contact No:                   01758883609

    • Course Objectives:

      This course explores the multi-faceted world of risk management and reflects the growing interplay between insurance, risk management and financial services.  It covers the fundamentals of risk management and insurance and provides a basis for assessing risk and decision making to enhance business and personal value.

      Course Learning Outcomes:

      CLO 1

       Able to have an understanding of major issues related to insurance business

      CLO 2

      Know about the overview of insurance industry in Bangladesh

      CLO 3

       Explore about basics of risk management

      CLO 4

      Know about Life insurance, Fire insurance, Marine Insurance

      CLO 5

      Explore about how to calculate net single premium, net annual premium

      CLO 6

      Know about calculation of insurance claim

      Know about basics of Annuity


    • Course Contents:

      1. Introduction

      2. Risk Management

      3. Life Insurance

      4. Annuities

      5. Marine Insurance

      6. Fire insurance

      7. Insurance Law and Regulation

      8. Insurance: Bangladesh Perspective


    • Reading lists and other learning materials:

      Text Book: 

      Insurance Principles and practice – M. N. Mishra & Dr. S. B. Mishra (15th Edition) 

      Reference Books:

       i) Elements of Insurance - Azizul Huq Chaudhuri 

      ii) Elements of Insurance - The Chartered Insurance Institute (CII Tuition Service)

       iii) Higher Banking & Insurance - Mohammad Khalekuzzaman


    • Semester Schedule:


  • Lecture 01-05

    Specific Outcomes: 

    Students will able to learn after this chapter 

    • Demonstrate knowledge of the range of financial and financial related risks facing organisations.
    • Understand the approach to risk management through risk identification, risk measurement and risk management (or mitigation)
    • Understand reputation risk.
    • Understand operational risk and how to manage it.

     Chapter Content:
    • Risk,
    • Uncertainty,
    • Chance and Probability, 
    • Classification of risk, 
    • Elimination and
    • spreading of risk,   
    • Risk management, 
    • Risk reducing techniques, 
    • Risk Handling

  • Lecture 06-12: Life Insurance & Annuities

    Learning Outcomes:

    • Able to understand Nature,
    •  Classification, Annuities, 
    • Selection of Risk, , 
    • Treatment of sub-standard risk, 
    • The reserve, Payment of claim,
    •  Calculation of loss and premium in Life insurance.
    Chapter Content:

    Nature, Classification, Selection of Risk, Treatment of sub-standard risk, The reserve, Payment of claim, Calculation of loss and premium in Life insurance. Difference between Annuity & Life Insurance Policies, Classification of Annuities

  • Midterm Examination

    Midterm Marks Distribution:  

    Mid Term Assessment Policy- Total 25 marks 

    MCQ- 20 marks

    Short analytical questions -05 marks


    • Midterm Exam Quiz

      Daffodil International University (DIU)
      Faculty of Business and Entrepreneurship
      Program: BBA
      Semester:    Spring 2021                                   
      Course Code: FIN 303           
      Examination: Mid-term
      Time: 1.00 Hour                                                      
      Full Marks: 25
      Course Title: Title: Insurance & Risk Management

      Start Time: 1:30 pm - 02:30 pm

      Start date: 11.03.2021


    • Answer Script Assignment

      Please submit your answer script in pdf format

  • Lecture 13- 16: Fire Insurance

    Learning Outcomes:

    To have some understanding about definition&Nature, Elements of fire insurance contract, Kinds of Policies, Payment of claim, Calculation of loss and premium in Fire Insurance.

    Chapter Content:

    • Definition & Nature, 
    • Elements of fire insurance contract, 
    • Kinds of Policies, 
    • Payment of claim, 
    • Calculation of loss and premium in Fire Insurance

  • Lecture 17-21: Marine Insurance

    Learning Outcomes:

    –To have some knowledge about

    Nature, Classes of Policies, Marine Perils, Marine losses, , Bottomry Bonds, Respondentia Bonds, Payment of claim, Calculation of loss and premium in Marine insurance.

    Chapter Content:

    • Nature,
    •  Classes of Policies, 
    • Marine Perils, Marine losses, 
    • Bottomry Bonds, Respondentia Bonds, 
    • Payment of claim, 
    • Calculation of loss and premium in Marine insurance.

  • Lecture 22-24:Insurance: Bangladesh Perspective

    Learning Outcomes:

    -Able to understand

    New business individual insurance, Rural new business, Development of new product, New group insurance, Investment operations, Productivity of agents, Growing economy of Bangladesh and insurance. 

    Chapter Contents:

    • New business individual insurance, 
    • Rural new business, 
    • Development of new product, New group insurance,
    •  Investment operations, 
    • Productivity of agents, Growing economy of Bangladesh and insurance.

  • Final Comprehensive Evaluation

    • Comprehensive Assesment Quiz

      Daffodil International University (DIU)
      Faculty of Business and Entrepreneurship
      Program: BBA
      Semester:    Spring 2021                                   
      Course Code: FIN 303          
      Time: 02 Hours                                                      
      Full Marks: 40
      Course Title: Title: Insurance & Risk  Management

      Start Time: 10:00 am - 12.00 PM

      Start date: 22.04.2021


    • Answer Script Assignment

      Please submit your answer script in pdf format.