Give the five different types of insurance that exist,(life insurance,home insurance,auto insurance, property insurance, health insurance). Discuss how the corporate risks (hazard,financial, strategic and operational)in relation to the selected category

How can PESTEL analysis tool be used to identify external risks that can affect your category of insurance .

INSTRUCTIONS Given the five (5) different types of insurance that exist [Life Insurance, Home Insurance, Auto Insurance, Property Insurance, Health Insurance], in a group of not more than eight (8) students each, attend to the following assignment. Your report should not be more than 10 pages. ASSIGNMENT BRIEF: Effective risk management can bring greater rewards to project performance by enhancing productivity and reducing the impact of threats . Risk Identification is thus the first step in Risk Management Process. Any risk that can be quantified can potentially be insured. Format of the report: . Introduction/background of the industry, thereby discussing the selected type of insurance and any categories that fall under it. . Discuss how the corporate risks (Hazard, Financial, Strategic and Operational) in relation to the selected category. . How can PESTEL analysis tool be used to identify external risks that can affect your category of insurance