A CRITICAL ANALYSIS ON RISK MANAGEMENT IN GENERAL AND LIFE INSURANCE

AUTHORS – G.RAMYA* & MS. T. VAISHALI**, LLM SCHOLAR* & ASSISTANT PROFESSOR OF LAW** AT THE TAMILNADU DR. AMBEDKAR LAW UNIVERSITY (SOEL), CHENNAI

BEST CITATION – G.RAMYA & MS. T. VAISHALI, A CRITICAL ANALYSIS ON RISK MANAGEMENT IN GENERAL AND LIFE INSURANCE, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (4) OF 2024, PG. 916-920, APIS – 3920 – 0001 & ISSN – 2583-2344.

ABSTRACT

         This paper starts with an introduction with a critical analysis on risk management in general and life insurance. Risk management is a systematic process for identifying, assessing, and controlling potential threats to a business or investment. It’s important for insurance companies because they take on risk from their customers, and the level of risk determines the insurance premium. Here are some key aspects of risk management: