30183 - RISK MANAGEMENT AND INSURANCE
CLEAM - CLEF - CLEACC - BESS-CLES - BIEMF
Course taught in English
Go to class group/s: 31
The purpose of the course is to equip students to develop a conceptual framework for making risk management decisions that increase business value. The emphasis is on traditional and innovative management of pure risk. However, the foundation for understanding other types of risk management is also established. The evolving concepts of enterprise risk management are introduced and blended into several parts of the course.
All topics are discussed firstly with a theoretical introduction and then by a more empirical approach, including exercises and cases discussion.
- Firm risks: taxonomy and analysis
Risk management and firm value
Principles of theory of risk
Determining the insurance premium
Designing an optimal insurance coverage plan
The risk management process
Simulation models for evaluating risk financing solutions
The Enterprise Risk Management approach
Pure risk transfer through financial instruments and financial risk transfer through insurance instruments
Students have the possibility to do a (written) partial exam.
Students who do the partial exam have also the possibility to do group assignments.
Students attending this course should be familiar with the concepts covered in the following courses: Financial markets and institutions, Financial mathematics, Statistics.