Introduction to Risk Management and Insurance.

Catalog description

Introduces the motivations, objectives, and principles of financial risk management through the lens of insurance, reinsurance and financial institutions. Students will become familiar with key concepts that shape these industries so they can effectively communicate using industry vocabulary, metrics, and tools. Standards governing financial risk management are introduced as are the different types of risks that financial institutions, insurers and reinsurers analyze when conducting business. Students will make use of software and tools to characterize and price risk in various activities, carry out basic quantitative risk assessments, and learn what drives success and failure in financial risk management.