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Risk and Insurance
RISK & INSURAN
CLASS CODE: B 406 CREDITS:  3
DIVISION: BUSINESS & COMMUNICATION
DEPARTMENT: BUSINESS MANAGEMENT
GENERAL EDUCATION: This course does not fulfill a General Education requirement.

DESCRIPTION: Risk management for individuals and business through the use of insruance and other methods. Personal protection for life, health, auto, homeowner, and disability insurance, as well as business protection through the use of various insurance products, derivatives, and analysis models is covered.
TAUGHT: Winter
CONTENT AND TOPICS: Risk management for individuals and business through the use of insruance and other methods. Personal protection for life, health, auto, homeowner, and disability insurance, as well as business protection through the use of various insurance products, derivatives, and analysis models is covered.
GOALS AND OBJECTIVES: Understand the basic terminology used in insurance, the general concepts of how insurance works, and what kind of events and risks are insurable.

Understand the nature of insurance contracts and the basic forms of contracts used.

Understand how and why the insurance industry is regulated.

Learn about the careers and occupations in the insurance industry.

Develop a practical understanding of how to obtain and evaluate life, auto, and homeowner insurance.

Develop an understanding of the importance of personal financial planning as well as the products and tools used in accomplishing those objectives.

Gain an understanding of medical and disability insurance.

Understand the applications of insurance to commerical property, general business liability, and other business risks.

Understand the use of derivatie products for managing interest rate and currency risks.

Understand the general theory of VAR and its application to business risk management.

Understand the theory and application of RAROC to business management.

Understand the role and use of ratings agencies in measuring and monitoring risk.
REQUIREMENTS: Written reports, objective exams, essay exams, oral presentations, spreadsheet evaluation.
PREREQUISITES: B 301 or Acct 301
OTHER:
EFFECTIVE DATE: August 2001