Alternative Risk Financing

Catalog description

The course focuses on the theory and practice of evaluating the value impact of risk financing options. The course covers simulating risk distributions, evaluating retention and transfer strategies, evaluating risk financing options (after-tax, NPV), off-shore financing, role of reinsurance, forecasting risk loss, capital market functions, forming captive insurance companies. The course's projects rely heavily on Excel as a tool to evaluate and model risk financing options - using both simulated and real-world data. Group projects also utilize Access to create relational databases of risk data for analysis. This course is aligned with the risk management industry designation exam, ARM 56. This course is also approved under The Institutes Collegiate Studies for CPCU program. DSS 330 is recommended for this course, but is not a required prerequisite.