Course Description
Fundamentals of Risk Management and Insurance, with emphasis on risk financing through the use of insurance, retention, and non-insurance transfer agreements.
Athena Title
FNDMTL OF RISK MGMT
Equivalent Courses
Not open to students with credit in RMIN 8100
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Course Objectives
As the title implies, the course is designed to introduce the student to the fundamentals of risk management. After discussion of the importance of risk and the rationale for risk management in organizations, the remainder of the course will analyze the risk management process and various risk management methods. Throughout the course, the concept of enterprise risk management will be stressed.
Topical Outline
Introduction and Overview Introduction to Risk and Risk Management Rationale for Risk Management Risk Assessment Risk identification Risk Analysis for Physical Asset Exposures Risk Analysis for Legal Liability Exposures Risk Analysis for Work-Related Injuries Risk measurement Risk Management Methods Risk Control Risk Financing Insurance The Insurance Industry Insurance Pricing Insurance Regulation Insurance Contacts Property-Liability Contract Analysis Property-Liability Insurance Coverages
Syllabus