Risk Financing

Catalog description

This course provides an analysis of processes for providing funding to cover the financial effects of unexpected losses, including identification and analysis of exposures; analysis of alternative financing techniques; and selection, implementation, and monitoring of selected techniques. The course will address how risk financing alternatives should be examined in light of an organization's risks and the techniques for estimating losses arising from such risks. The purpose, intended use, and administration of alternative financing techniques including insurance, self-insurance, retrospective rating, reinsurance, captive insurance, and contractual risk transfer will be addressed, as well as various methods of transferring financial risk and hazard risk to the capital markets.