Essay About Risk Management And Alahli Takaful’S Strategy

Risk Management Casse
ACKNOWLEDGEMENT:In the first place, I would like to extend my infinite thanking to the Almighty Allah for His countless blessings. Then, I sincerely thank my professors in CBA for saving no efforts in guiding my steps and paving the path of knowledge for me and for all the students as well.A lot of people helped me in producing my report. Generally, I would like to extend my sincere thanks and gratitude to my parents and my family at home for their efforts in providing me with the suitable atmosphere to concentrate on my study.Thank you all for your support.ABSTRACT:The business world is highly competitive. Corporations compete for profit every day, hoping to establish repeated business with the customers for many years. Risk management is the primary tool that companies use to increase their revenues, sales and profits. Risk management is the human activity which integrates recognition of risk, risk assessment, developing strategies to manage it, and mitigation of risk using managerial resources.This report provides an insight and understanding into Alahli Takaful’s strategy to manage risks associated with corporate sales department and how to apply risk management concepts on the activities provided by NCB in order to achieve more profitability.

The problem of this report is that the insurance industry is over-saturated and all the agencies and agents are spying on each other. They want to copy what the other agent is doing. This is a formula for disaster because what happens is everyone starts using the same kinds of insurance sales strategies which weakens response and confuses the consumer. Therefore, the question is how NCB is going to have strategies for risk management in relation to corporate sales department.  TABLE OF CONTENTS:DescriptionPageAcknowledgment 3Abstract4Chapter 1: Introduction1-1 A Description of Risk Management1-2 Purpose of Risk Management1-3 How Businesses Use Risk Management1-4 Market Share and Potential1-5 Pricing Strategies as a Risk1-6 Promotional Strategies as a Risk1-7 Distribution Strategies as a Risk66677889Chapter 2: Company Background2-1 About the Company2-2 Vision 2-3 Mission 10101011Chapter 3:Problem & Methodology3-1 Problem Description3-2 Methodology121212Chapter 4: Data Analysis and Results4-1 Risk Management4-2 Alahli Takaful Risk Management Framework4-3 Risk Management Strategies Adopted by Alahli Takaful4-4 Risk Management and Business Continuity4-5 Profile of Saudi Insurances Companies4-6 Protection and Saving Insurance Product4-7 AlManarah Conservative Growth Fund4-8 AlManarah Medium Growth Fund4-9 AlManarah High Growth Fund4-10 Alahli Takaful Financial Ratios4-11 Financial Ratios Comparison between Samba and AlRajhi141416212930313132323338Chapter 5: Conclusions and Recommendations5-1 Conclusions 5-2 Recommendations434346References47