Week |
Subject |
Related Preparation |
1) |
Introduction : Overview of risks surrounding companies and individuals |
|
2) |
The concept of risk : Definition of risk and uncertainty , impact of risk , cost of risk, types of risks , insurable risks, enterprise risks , strategy and risks. |
|
3) |
Evolution of risk management : The definition of risk management, the transition to Enterprise Risk Management , objectives of risk management, benefits of risk management , basic risk concepts |
|
4) |
Risk Management Process :Steps in risk management process |
|
5) |
Risk governance , corporate governance and risk management , internal systems ; the responsibilities of risk manager , internal controller, the responsibilities of internal auditor (Discussion and cases ) |
|
6) |
Midterm |
|
7) |
Insurance as a risk management tool :The definition of insurance, the benefits of insurance to society and the role of insurance in the economic development and sustainability , the benefits for businesses and individuals |
|
8) |
Insurance techniques :The principles of insurance, basic concepts of insurance , insurance regulation and insurance industry, legal bodies, organizations and associations in the insurance industry. |
|
9) |
Insurance contract :Basic parts of an insurance contract ,the obligation of insureds and insurers, the termination and cancellation of the insurance contract , insurance pricing |
|
10) |
Risk management in insurance companies : Functions of insurance companies, financial statements of insurance companies , risk management |
|
11) |
Types of insurance I : Non life insurance types |
|
12) |
Types of insurance II : Life insurance types |
|
13) |
Student project presentations |
|
14) |
Student project presentations |
|
Course Notes / Textbooks: |
Principle of Risk Management and Insurance : George E.Rejda, Michael Mc.Namara ( in the library )
Fundamentals of Risk Management, Paul Hopkins, Kogan Page ( in the library )
|
References: |
Supplementary books:
Enterprise Risk Management , A Common Framework for the Entire Organization, Philip E.J.Green
Implementing Enterprise Risk Management , Case Studies and Best Practices, John Fraser, Betty Simkins , Kristina Narvaez ( in the library )
Enterprise Risk Management, Practical Applications, Steven M. Bragg ( in the library )
|
|
Program Outcomes |
Level of Contribution |
1) |
Being able to identify problems and ask right questions |
5 |
2) |
Having problem solving skills and developing necessary analytical attitude |
5 |
3) |
Comprehending theoretical arguments along with counter arguments in detail |
3 |
4) |
Gaining awareness of lifelong learning and being qualified for pursuing graduate education |
2 |
5) |
Applying theoretical concepts in project planning |
5 |
6) |
Communicating efficiently by accepting differences and carrying out compatible teamwork |
2 |
7) |
Increasing efficiency rate in business environment |
4 |
8) |
Developing innovative and creative solutions in face of uncertainty |
4 |
9) |
Researching to gather information for understanding current threats and opportunities in business |
5 |
10) |
Being aware of the effects of globalization on society and business while deciding |
3 |
11) |
Possessing digital competence and utilizing necessary technology |
1 |
12) |
Communicating in at least one foreign language in academic and daily life |
2 |
13) |
Possessing managing skills and competence |
2 |
14) |
Deciding with the awareness of the legal and ethical consequences of business operations |
3 |
15) |
Expressing opinions that are built through critical thinking process in business and academic environment |
2 |