Risk Management & Insurance

Catalog description

This course will give students a good understanding of the different types of risks and the importance of risk management in minimizing losses and maximizing opportunities.  Students will learn how to identify, assess and mitigate various risks against financial losses through specific insurance mechanisms.  They will develop an appreciation for different insurance business models and the models’ limitations in risk management.  The importance of ethics (reputation risk mitigation), legal aspects, and regulatory regimes will also be considered. Prerequisites: MAT210 Introductory Statistics