Course Description

Risks are increasingly managed through alternative channels. These channels include captive insurers, self-insurance, and a greater reliance on surplus lines insurance in the US marketplace. Globalization has also led to a growing need for compliant comprehensive international insurance programs.

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Athena Title

Alternative Risk

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Prerequisite

(RMIN 4000 or RMIN 4000E or RMIN 4000H) and (RMIN 5100 or RMIN 5100S)

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Semester Course Offered

Offered fall and spring

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Grading System

A - F (Traditional)

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Student learning Outcomes

• Students completing this course will be able to develop new surplus insurance products.
• Students completing this course will be able to analyze feasibility studies for potential captive insurers.
• Students completing this course will be able to identify a company's international exposures.
• Students completing this course will be able to create and defend a compliant international insurance program structure.

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Topical Outline

• Surplus Lines . The Market & Distribution . Regulation & Licensing . Product Development & Underwriting
• Self-Insurance . Benefits, Feasibility & Operations . Coverage & Costs
• Captive Insurance . Ownership & Domiciles . Compliance & Implementation

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Institutional Competencies Learning Outcomes

Analytical Thinking

The ability to reason, interpret, analyze, and solve problems from a wide array of authentic contexts.

Critical Thinking

The ability to pursue and comprehensively evaluate information before accepting or establishing a conclusion, decision, or action.

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Syllabus

Select Faculty / Instructor to download syllabus:   Smith, Rodney

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Public CV

Select a file to download:   Smith, Rodney

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