problem 1: Set out the responsibilities duties of the insured.

problem 2: Illustrate the concept of reinsurance and assess its impact on insurance in general.

problem 3: List out and describe five perils.

problem 4: Describe the options for the avoidance of risk.

problem 5: Describe three ways of decreasing risk with regards to goods in transit.

problem 6: Describe the main types of insurance premium.

problem 7: Describe the role of a risk manager in an organization.

problem 8: Describe the characteristics of an insurance pool.