06 May DEFINE AND MENTION DIFFERENCE BETWEEN INSURANCE AND RETENTION
Select and describe the activity of a business with related sector.
Mention the variety of products.
Analyze the process and workflow and determine the main risks in each area that you as a risk manager within this business should think about and analyze.
Decide whether you will go for insurance or retention.
Define and mention difference between insurance and retention
Segregate compulsory policies from optional ones in the UAE.
For each insurance policy that you will select, show:
7a. Sums insured
7b. Basis used for valuation
7c. Co-payment/deductible
7d. Coverage
7e. Exclusions
7f. With main definitions for each of the above.
Conclusion
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