TY - BOOK AU - Kumar Dalip TI - Business insurance and risk management SN - 978-93-80833-72-9 U1 - 658.115 23 PY - 2012/// CY - New Delhi. PB - Global Publications N1 - 1. Insurance business strategy 2. Insurer's business model 3. Life Insurance in India 4. Different insurances 5. IRDA Act, 1999 6. Budget crisis 7. Risk Management 8. Enterprise risk management 9. Process and Principles of risk management 10. Formulation of principles 11. Glossary of insurance terms N2 - In ideal risk management, a prioritization process is followed whereby the risks with the greatest loss (or impact) and the greatest probability of occurring are handled first, and risks with lower probability of occurrence and lower loss are handled in descending order. In practice the process of assessing overall risk can be difficult, and balancing resources used to mitigate between risks with a high probability of occurrence but lower loss versus a risk with high loss but lower probability of occurrence can often be mishandled ER -