Role of insurance industry in management of environmental risk

Thesis Overview

<p> <strong>INTRODUCTION<br>1.1 BACKGROUND</strong><br>In every Environment various activities carried out by man has caused a lot of hazard, to man, this environmental activities constitute health hazard to environment, such environment is in an organization setting like insurance industry. The hazard has resulted to a lot of sickness, disease, death etc to the inhabitant.<br>Public nuisance for the inhabitant is been resulted form noise of machines. The management of risk in the environment has adopted by various government and private organs on managing the risk of the said environment.<br>In this aspect there are some activities in the environment which brought about pollution on different forms which causes damages to the health.<br>We can understand that security protection is the right of citizens. Good health is better than wealth. A health nation is a wealthy nation, In the production industry and others, most of the activities result to health hazards which constitute some wounds to workers through accident and inadequate protect resulting form improper risk management.<br>It is also necessary to evaluate the expected role of adequate risk management through the help of insurance industries and its services like accident insurance, Health insurance, fire insurance, fidelity insurance etc. in order to reduce the loss and compensate those affected.<br><strong>1.2 STATEMENT OF THE PROBLEMS</strong><br>The risk on environment such as in insurance industries has caused a lot of harm to people and their inhabitants even to the process government and even private bodies of various levels have implanted, various ways and strategies to enable them handle this ugly issue.<br>The impact of the losses is always very high. The risk in the environment and its impact is equally very high. It has suggested that all the effort has not been released. It is because on this possibilities of identifying various types of environmental risk.<br><strong>1.3 OBJECTIVE OF THE STUDY</strong><br>The objective of this study are as follows.<br>1. To identify various types of environmental risk in this study.<br>2. To identify the impact of such risk on the inhabitant of the environment.<br>3. To find out various ways of management of environmental risk.<br>4. To know the role insurance industry plays in the management of this risk.<br>1.4 RESEARCH QUESTIONS<br>1. What are the problems of environmental hazard? <br></p>