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RISK MANAGEMENT AND INSURANCE 111 The Course will conclude with at least three on-site commercial case studies in which the student will be expected to apply insurance and other risk management techniques. Prerequisite: RISK 220 3 credits RISK 325: Life and Health Insurance This course teaches the nature and importance of Personal Risk Management and the identification of the related exposures. It will explore individual, group and commercial life, health and annuity products. 3 credits RISK 335: Claims Adjusting This is an intermediate course designed to teach the students about the Claims Adjusting Process and the methods used to evaluate and negotiate the settlement of property and casualty claims. Both Personal Lines and Commercial Lines are addressed in this class. Prerequisite: RISK 220 3 credits RISK 415: Risk Management This course is designed to provide students with a conceptual framework for evaluating and managing risks using an enterprise-wide approach. The course starts with overview of The Committee of Sponsoring Organizations of the Treadway Commission (COSO) Enterprise Risk Management (ERM) integrated framework, including in depth discussions and exercises on establishing corporate objectives and risk assessment techniques. Risk control concepts and alternative risk financing techniques are presented next. After making sure that the students have a good understanding of these concepts, the course concludes with several classes dedicated to the practice of ERM and the practical application of ERM concepts. Students will learn and apply these concepts through lectures, exercises, cases, and guest speakers. Prerequisites: RISK 321, RISK 325 3 credits RISK 420: Employee Benefits This course will introduce students to the principles and practices of administering and managing Employee Benefits. The course specifically covers the economics of employee benefits, employer-sponsored retirement plans and health insurance programs, Social Security, Workers’ Compensation, vacation and compensatory time, flexible work schedules, and global employee benefits. 3 credits RISK 425: Insurance Operations This course focuses on the key operational activities of insurance organizations. It specifically covers marketing and distribution systems, underwriting, an introduction to claims adjusting, the principles of ratemaking, reinsurance and financial statement analysis. These functional areas are studied in the context of regulatory and public policy issues. Students will analyze the operational and financial aspects of an insurance company. Prerequisite: RISK 220 3 credits RISK 450: Retirement and Estate Planning This is a comprehensive course consisting of two parts: Retirement Planning and Estate Planning. The practical knowledge needed for choosing the best retirement plan and designing a plan that will meet a client’s needs from a tax and retirement standpoint is discussed. Retirement planning topics include qualified plans, nonqualified plans and IRAs. Estate Planning will include various aspects and strategies of estate and gift tax planning, including the nature, valuation, transfer, administration, and taxation of property. Emphasis is given to a basic understanding of the estate and gift tax system. Prerequisite: RISK 325 3 credits RISK 499: Business Continuity and Emergency Management This course explores the area of Business Continuity and Risk Management in a comprehensive manner to provide for organizational resilience. Particular emphasis is placed on assessing threats which may lead to disastrous events, evaluating control alternatives and implementing strategies. Practical solutions to enable an organization to mitigate risk, to

Gannon University Undergraduate Catalog 2013-2014

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