RISK MANAGEMENT AND INSURANCE 99
RISK 325/Life and Health Insurance: Introduction to Employee Benefits, Retirement, and Estate Planning RISK 415/Enterprise Risk Management RISK 425/Insurance Operations RISK 499/Business Continuity and Emergency Management
COURSE DESCRIPTIONS: RISK 300: Introduction to Risk Management and Insurance The primary focus of this introductory course includes the Risk Management Process, the nature of the Insurance Industry and the evaluation of life, health, property and liability risks. The course will place an emphasis on Personal Lines Property and Casualty Insurance Products. Life Insurance, Health Insurance and Financial Planning topics will be outlined at the end of this course. Prerequisites: MGMT 250 or permission of School of Business Director 3 credits RISK 321: Commercial Insurance and Risk Management This course examines the major types of commercial property and liability insurance. The structure, scope, and limitations of commercial property and liability contracts are analyzed. 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. Prerequisites: RISK 300 3 credits RISK 325: Life and Health Insurance; Introduction to Employee Benefits, Retirement, and Estate Planning This course covers the nature and importance of life and health risks. It explores the uses of individual, business and group products designed to treat these exposures. It will explore individual, group and commercial life, health and annuity products and provide an overview of employee benefits. Current and pending government insurance programs, including the Affordable Health Care Act, will be reviewed to demonstrate their integration into a financial plan. Prerequisites: RISK 300 3 credits RISK 415: Enterprise Risk Management This course is designed to provide students with a conceptual framework for evaluating and managing an organization’s risks using an enterprise-wide, or holistic, approach. The course starts with an overview of an enterprise risk management (ERM) integrated framework, including in depth discussions and exercises on developing business objectives and applying risk assessment techniques to those objectives. 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 300, RISK 321 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. Prerequisites: Risk 300 or School of Business Director Approval 3 credits RISK 499: Business Continuity and Risk 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