Risk Management and Insurance
- Credits: 6
- Ending: Examination
- Range: 24sP
- Semester: summer
- Year: 3
- Faculty of Economics and Finance
Teachers
Included in study programs
Teaching results
After successful completion of this course, students will have knowledge of:
- understanding the basics of risk and the possibilities of its management for individuals as well as legal persons
- understanding the risk management process, including its phases, steps and tools
Practical skills and competencies consist in the ability to:
- identify relevant risk management methods for the specific situations
- understand the basic methods and tools of risk management, their advantages and disadvantages depending on the financial capabilities of the entity and other circumstances
- apply relevant and effective risk management methods to the specific situations
- analyze, interpret and compare types of insurance coverage, as well as other forms of risk transfer
Indicative content
The aim of the course is to familiarize students with the basic issues of risk management and insurance. The course focuses on the theoretical aspects of the definition of the risk, its classification and analysis from the perspective of various scientific disciplines. Attention is focused on risk management with an emphasis on insurance as a traditional risk management tool. The second group of problems is a closer analysis of the principles of insurance, including an analysis of types of insurers and their marketing systems, insurance regulation and pricing of insurance products. The course offers an opportunity to understand the basics and processes of life and non-life insurance.
Support literature
REJDA, G. E., MCNAMARA, M. J., RABEL, W. 2019. Principles of Risk Management and Insurance. 14/e. Pearson. ISBN-13: 9780135641293.
TRIESCHMANN, J. S., HOYT, R. E., SOMMER, D.W. 2004. Risk Management and Insurance. 12/e. Thomson. ISBN 0-324-18320-8.
HARRINGTON, S., NIEHAUS, G. 2004. Risk Management and Insurance. 2/e. Irwin-McGraw Hill, New York. ISBN-10: 0072339705.
Requirements to complete the course
20% mid-term test, 20% group and teamwork assignments, 60% written exam
Date of approval: 10.02.2023
Date of the latest change: 13.02.2023