Life Insurance

Life Insurance refers to a policy or cover whereby the

policyholder can ensure financial freedom for his$/$her

family members after death. Suppose you are the sole

earning member in your family, supporting your spouse and

children.

In such an event, your death would financially devastate the

whole family. Life insurance policies ensure that such a

thing does not happen by providing financial assistance to

your family in the event of your passing.

Motor Insurance

Motor insurance refers to policies that offer financial

assistance in the event of accidents involving your car or

bike. Motor insurance can be availed for three categories of

motorised vehicles, including:

Car Insurance $-$ Personally owned four$-$wheeler vehicles are

covered under such a policy.

Two$-$wheeler Insurance $-$ Personally owned two$-$wheeler

vehicles, including bikes and scooters, are covered under

these plans.

Commercial Vehicle Insurance $-$ If you own a vehicle that is

used commercially, you need to avail insurance for the

same. These policies ensure that your business automobiles

stay in the best of shapes, reducing losses significantly.

Health Insurance

Health insurance refers to a type of general insurance, which

provides financial assistance to policyholders when they

are admitted to hospitals for treatment. Additionally, some

plans also cover the cost of treatment undertaken at home,

prior to a hospitalisation or after discharge from the same.

Property Insurance

Any building or immovable structure can be insured

through property insurance plans. This can be either your

residence or commercial space. If any damage befalls such

a property, you can claim financial assistance from the

insurance provider. Keep in mind that such a plan also

financially safeguards the content inside the property.

Question

Q$1$: List out top $5$ insurance providers of Bahrain, select one

Insurance provider and commence the report of writing about

their histroy then Explain the different Insurance Services

proivded by them breifly. $(15$ Marks $)$

Q$2.$ Risk in the widest sense is not new to business. All companies

are exposed to traditional business risks: earnings go up and down

as a result of such things as changes in the business environment in

the nature of competition in production technologies and in factors

affecting suppliers. The issue of risk has captured considerable

attention from corporate management in recent years as financial

risk management has become a critical corporate activity.Regulators

have also responded with new legislation and practices that seek to

improve corporate standards.

Explain this statement Risk management is not about

elimination of risk only $(10$ marks$)$