AssociateIC-86 · 2025 Edition
Risk Management
Insurance Institute of India: Associate Examination
Covers risk and probability theory, the scope and objectives of risk management, building an effective risk management programme, the risk management decision-making process, risk engineering, alternative risk transfer mechanisms, enterprise risk management, business continuity and disaster recovery, loss exposures for major classes and practical risk management checklists.
✓11 chapters✓Chapter-wise practice tests✓1 full mock test (100 multiple choice questions · 2 hrs)✓Personalised study recommendations✓Subject tutor (available after purchase)
Individual module
₹999/ 1 year access
IC-86 is included in the Associate Bundle, 6 papers for ₹2,499 →✓ Instant access after payment
✓ 7-day satisfaction guarantee
✓ Secure payment via Razorpay
451verified practice questions
Across 11 chapters, every question reviewed and exam-aligned.
| Chapter | Chapter Name | Questions |
|---|---|---|
| 1 | Risk and Theory of Probability | 41 |
| 2 | Risk Management - Scope and Objectives | 41 |
| 3 | Building-up an Effective Risk Management Programme | 41 |
| 4 | Important Steps in Risk Management Decision Making Process - Part 1 | 41 |
| 5 | Important Steps in Risk Management Decision Making Process - Part 2 | 41 |
| 6 | Introduction to Risk Engineering | 41 |
| 7 | Alternative Risk Transfer Mechanisms | 41 |
| 8 | Enterprise Risk Management | 41 |
| 9 | Business Continuity Management and Disaster Recovery | 41 |
| 10 | Loss Exposures for Major Classes | 41 |
| 11 | Risk Management Checklists | 41 |
1 Mock Test
•100 random questions
•120 minutes
•Fresh questions every attempt
Draws from all 451 questions across every chapter, so no two attempts are the same.
Chapters in this module
1. Risk and Theory of Probability • 41 MCQs
2. Risk Management - Scope and Objectives • 41 MCQs
3. Building-up an Effective Risk Management Programme • 41 MCQs
4. Important Steps in Risk Management Decision Making Process - Part 1 • 41 MCQs
5. Important Steps in Risk Management Decision Making Process - Part 2 • 41 MCQs
6. Introduction to Risk Engineering • 41 MCQs
7. Alternative Risk Transfer Mechanisms • 41 MCQs
8. Enterprise Risk Management • 41 MCQs
9. Business Continuity Management and Disaster Recovery • 41 MCQs
10. Loss Exposures for Major Classes • 41 MCQs
11. Risk Management Checklists • 41 MCQs
Exam-preparation material only. InsuranceGurukul does not sell insurance or financial products.