Summary |
The environment in which businesses operate is very dynamic and presents numerous opportunities along with potential unforeseen risks and uncertainty of profits. It is through risk mitigation, avoidance and controlling that organization can steer ahead of their competitors. This book is useful for those who want to develop an understanding about how to identify, analyse and manage various types of risk. Since insurance is a form of risk management, principles and usefulness of insurance in business have been explained thoroughly in the book.
The book has been written in the context of (a) Globalization, (b)economic reforms and (c) liberalization of Indian insurance, capital markets and the overall financial sector.
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