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Instructions: Answer All Questions

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8 views

Instructions: Answer All Questions

Uploaded by

fasteluv19
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CAT

Instructions:
Answer all questions
Question 1
Using examples, compare and contrast adverse selection and moral
hazard, focusing on how lack of complete information(asymmetry)
affects each concept within the context of insurance. (10 marks)
Question 2
Using examples, what is the role of the risk management department in
an organization? What are the main functions and responsibilities of a
risk manager? Discuss the key elements like policy statements and risk
management manuals. (10 marks)

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