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. Case studies synthesize the risk management concepts covered in the course. A detailed analysis of the operations of property and liability insurers, including marketing, underwriting, ratemaking, claims adjustment, and other phases of insurer operations. The regulatory environment is also explored.