Risk ManagementLaajuus (3 ECTS)

Objective

Understand the general foundations of Risk Management and Insurance
Identify pure and speculative risk situations
Understand how to manage risks
Appreciation of tools for protection against risk
Appreciate the general risks facing society at large
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The student will gain a full appreciation of the general types of risks and their consequences, as well as application of tools for protection against risk. These risks are faced by organisations all around the world. This subject is one of the fastest growing fields of business and management today.

Content

Risk and Insurance in an historical context
Risk in our Society
Understanding how to manage Risks today
Insurance and Risk: legal protection
Advanced topics in Risk Management
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An Insurance market in action (case study: Lloyds of London)
Torts, Contracts and Insurance

Qualifications

SWE + Corporate Finance + Law
Work Placement

Further information

Recommended reading:

Principles of Risk Management and Insurance, Author: George E. Rejda, 10th Edition, Pearson Education (Addison-Wesley), 2010.
ISBN: 0-321-41493-4

Teaching and learning strategies:

Lectures, class participation – discussion based on the students own work experience, individual study and group project work.

Teaching methods and student workload (hours):

Lectures: 36 hours
Seminar: 5 hours
Self-directed Learning: 18 hours
Group Project: 16 hours
Individual Assignment/Exam: 3 hours


Assessment weighting and grading (%):

Individual Assignment/Exam: 50%
Organisational Project: 25%
Legal Project: 25%