Insurance and Risk Management

Catalog description

This course examines the many sources of risk faced by individuals and firms and how risk can best be managed. Personal and business insurance are key tools in how we respond to risk. This course begins with the basic principles of risk management and continues by examining the major forms of insurance and risk management programs. Insurance delivery systems and company operations are also surveyed. Other topics covered are legal principles as they relate to insurance, government regulation, and insurance contracts. In this introductory course, students will become familiar with a number of risk management concepts and applications, including life and health plans and personal and commercial policies. Prerequisite: FIN 308 .