B.Com. (Transport Management) Transport Insurance and Risk Management Syllabus - Mumbai University

This is the SY BCom TM syllabus under NEP 2020, in force from the academic year 2025-26. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.

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Syllabus for Transport Insurance and Risk Management

Major · Semester 3 · SY BCom TM · 4 credits · 100 marks

Module I: Introduction to Transport Insurance

Introduction: Meaning of Insurance, Concept and Evolution, Types of Insurance, Parties to Insurance, Rights and Obligations of Parties involved in Insurance, Contract of Insurance, Terminology used in Insurance business, Products of Insurance, Principles of Insurance, Surrender Nomination and Assignment Policies, Practices of Insurance: (Premium, Bonus, Plans, Annuities), IRDAI- functions, role, protection to policy holders, dispute resolution mechanism, Claims Handling – Insurance claims – Risks – Reinsurance – Demurrage – claim producers and Documentation – Right of subrogation.

Module II: Types of Transport Insurance

Fire Insurance: Basic Principles, Add on cover, Special policy, fire Hazardous and Prevention, erstwhile- tariffs rules and rates, Documents, undertaking, claims- legal, procedural aspect, consequential loss Marine Insurance: basic, fundamental principles, underwriting, cargo insurance, coverage, types of cover, hull insurance, marine claims, marine recoveries, role of bankers, loss prevention, re insurance, maritime frauds.
Motor Insurance: introduction, marketing, types of motor vehicles, documents and policies, underwriting, insurance claim, applications, consumer delight, third party insurance, procedure for filling and depending, quantum fixation, fraud management.
Aviation Insurance: Introduction, Aviation Insurance Covers, underwriting general aviation, underwriting airlines, aviation laws, aviation claims, aviation finance.

Module III: Introduction to Risk Management

Definition of Risk, Risk Management Definition, Meaning, Relationship between Uncertainty and Risk, Degree of Risk, Types of risk- Market Risk, liquidity Risk, Exchange risk, Credit Risk, Systematic Risk, Unsystematic Risk, Political Risk, Commercial Risk, Inflation Risk., Managing Risk, Risk Management Tools, Risk Management Process, Role of Risk Manager. Rules of Risk Management

Module IV: 15 Enterprise Risk Management (ERM)

Enterprise Risk Management, ERM Framework, ERM Process, SWOT Analysis, Sample Risk Register, Risk Assurance- purpose, Sources of Risk Assurance, Challenges of Risk Assurance. FOREX Risk

Text Books

1 Bhargava, R. (n.d.), Essentials of inventory management. Cybertech Publications.
2 Brown, M. E. (2008), The warehouse management system. McGraw-Hill.
3 Harrison, A. (2017), Logistics management and strategy (5th ed.). Pearson Education.
4 Hugos, M. H. (2018), Essentials of supply chain management (4th ed.). Wiley.
5 Kumar, M. S. S. (2015), Inventory control and management. PHI Learning.
6 Waters, D. (n.d.), Inventory control and management. Wiley.

Reference Books

1 Christopher, M. (2016), Logistics & supply chain management (5th ed.). Pearson Education.
2 Frazelle, E. H. (2002), World-class warehousing and material handling. McGraw-Hill Education.
3 Gundlach, G. T., & Zeng, Y. (2015), The essentials of inventory management. The McGraw-Hill Companies.
4 Hugos, M. H. (2018), Essentials of supply chain management (4th ed.). Wiley.
5 Khan, M. A., & Rahman, S. (2019), Warehousing and inventory management (1st ed.). Pearson Education India.
6 Rushton, A., Croucher, P., & Baker, P. (2017), The handbook of logistics and distribution management (6th ed.). Kogan Page.
7 Stevenson, W. J. (2018), Operations management (13th ed.). McGraw-Hill Education.

Reproduced from the University of Mumbai syllabus for B.Com. (Transport Management) under NEP 2020, in force from the academic year 2025-26. Wording is as printed in that syllabus. Module numbering is as printed there too.

The complete syllabus

This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.

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