Question: Identify a specific risk that could be offered by insurance companies operating in the Kingdom of Bahrain. Assess the viability of this risk being offered
Identify a specific risk that could be offered by insurance companies operating in the Kingdom of Bahrain. Assess the viability of this risk being offered based on the 6 requirements: 1. Large number of exposure units (0.5 points) 2. Accidental and unintentional loss (0.5 points) 3. Determinable and measurable loss (0.5 points) 4. No catastrophic loss (0.5 points) 5. Calculable chance of loss (0.5 points) 6. Economically feasible premium (0.5 points) Assessment rules: 3 possible grades to be awarded. For the first requirement "Large number of exposure unit" students must survey whether their classmates would be interested in such a product. . For the sixth requirement "Economically feasible premium" students must survey their classmates to determine a viable price. Yet, the selection of the exact price is left up to the group members (note that profit making is an important consideration). Students can't use any products that are already insured, such as car insurance, fire insurance, home insurance, life insurance. Students must post their products on the Blackboard discussion board, where they must answer any questions or statements made by their colleague. The names and IDs of all the participating students must be included. All group members must belong to the same
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