The course surveys fundamental principles of risk, the risk management process, and insurance as a systematic approach to transfer and finance risk. It examines how insurance offers protection against major risks that firms and individuals face, how the insurance market is structured, and how and why the industry is regulated. This course also delves into theories and philosophies that provide insights into how the risk management industry functions in the larger society. Emphasis is placed on understanding that insurance is just one of the techniques to be relied upon in planning a comprehensive risk management program.
| Distribution Area | Prerequisites | Credits |
|---|---|---|
| Social Science | 1 course |