FNCR1260 Principles of Risk Management

Course Description

This course enables students to identify, define, and explain risk situations and to develop management concepts, techniques and processes and understand the impact of safety and compliance policies. It will provide students with a variety of strategies and techniques used to analyze and manage business risks by examining risk management strategies. Risk management is becoming an increasingly important tool in the management of business and personal financial health. Risk management is about insurance and developing policies to mitigate risk. This course is designed to provide students with a solid background in risk management and insurance. It discusses all the different types of risks including property risk, liability risks, personal risks, and financial risks. Students will study how an effective and efficient corporate risk management program will help reduce losses and improve financial performance.
Student Learning Outcomes:

  • Define risk management and study the trends and strategies in the risk management field.
  • Analyze various compliance methods, or approaches to Risk Management.
  • Understand the role of a risk manager.
  • Analyze and evaluate various risk exposures.
  • Demonstrate varying problems from a risk management standpoint that can impact an organization.
  • Gain a knowledge of the different types of insurance companies, their operations and regulations.
  • Understand the need for and use of insurance and apply to risk management strategies.
  • Evaluate property and casualty insurance.
  • Apply techniques and strategies by developing strategies to mitigate risk.
  • Analyze Risk Management techniques and process within managerial situations.

Prerequisite

Please see eServices for section availability and current pre-req/test score requirements for this course.

3 credits: 3 lectures / presentations, 0 lab, 0 other