The causes of change in risk management and insurance are examined through exploration of relevant physical, technological, cultural, regulatory, and other environmental perspectives. This course introduces the fundamental principles of property and liability insurance and a framework for analyzing insurance contracts. The course examines property loss exposures and their management through risk assessment, control and financing techniques with primary emphasis on insurance. Additional focus is placed on the principles of property insurance and product design. This course analyzes liability loss exposures and their management through risk assessment, control and financing techniques with primary emphasis on insurance.
Additional focus is places on the principles of liability insurance and product design.
Business organizations are exposed to loss-causing events that may have significant impact on their financial position. This course explores the analysis, control and financing of property, liability and personnel loss exposures. Risk analysis includes loss-forecasting studies using microcomputer spreadsheets. Risk control focuses on principles of loss causation and mitigation and techniques for implementing risk control strategies. Risk financing alternatives include both funded and unfunded approaches.