The operational and financial risks faced by firms and the
study of various methods of handling these risks, including
loss prevention, risk retention, self-insurance, corporate
insurance programs, and capital markets. Students perform a
risk management audit of a medium-sized corporation, gaining
hands-on experience in analyzing and treating risks.
Athena Title
Corporate Risk Management
Prerequisite
RMIN 5100 or RMIN 5100S
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Student learning Outcomes
On completion of this course, students will be able to apply common risk management processes, tools, and frameworks to evaluate and manage enterprise risks across multiple industries.
On completion of this course, students will be able to compare options for managing corporate risk including loss control, retention, insurance, and non-insurance financing while contrasting their costs and benefits.
On completion of this course, students will be able to build a robust risk management program and decision framework within corporate parameters such as budget, feasibility, and risk appetite.
On completion of this course, students will be able to analyze decisions under risk using statistical analysis, quantitative reasoning, rational problem solving, and critical thinking.
On completion of this course, students will be able to demonstrate communication and interpersonal skills including oral, written, and teamwork skills.
Topical Outline
Risk and Risk Management
Intro to Case Worksheets
Risk Management Decisions
Quantitative Analysis in Risk Management
Loss Control
Managing and Marketing an Insurance Program
Risk Retention and Finance
Enterprise Risk Management
Liability Exposures and Coverages
Automobile Exposures and Coverages
Workers= Compensation
Organization risk from death and disability
Property Exposures and Coverages
Crime Exposures and Coverages
Transit Exposures and Coverages
Global Risk Management Issues
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.
