Week |
Subject |
Related Preparation |
1) |
Introduction : The explanation of the syllabus
Overview of risks surrounding companies and individuals, the changing nature of risk
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2) |
The concept of risk : Definition of risk & uncertainty, impact of risk , cost of risk, risk classifications (exercises, mini case studies). |
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3) |
Enterprise risks , financial risks and non financial risks (exercises and mini case studies). |
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4) |
Evolution of risk management : The definition of risk management, the transition to Enterprise Risk Management , objectives of risk management, benefits of risk management |
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5) |
Risk Management Process :Steps in risk management (exercises and mini- case studies ) |
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6) |
Risk Management Process :Steps in risk management ( cont) (exercises and mini- case studies ) |
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7) |
Risk governance , corporate governance and risk management ; strategy and risk management (Discussion and mini cases ) |
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8) |
Midterm Exam |
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9) |
Insurance : Insurance as a risk management tool, definition of insurance,the parties in an insurance contract, the benefits of insurance
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10) |
Insurance techniques :The principles of insurance , basic concepts of insurance distribution channel of insurance companies, the concept of reinsurance, insurance industry, the main organizations and associations |
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11) |
Risk management in insurance companies : Functions of insurance companies, financial statements of insurance companies
Types of insurance I : Non-life insurance types
Minicases
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12) |
Types of insurance II : Life insurance types |
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13) |
Student project presentations |
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14) |
Student project presentations |
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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 )
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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 )
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Program Outcomes |
Level of Contribution |
1) |
Being able to identify problems and ask right questions |
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2) |
Having problem solving skills and developing necessary analytical attitude |
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3) |
Comprehending theoretical arguments along with counter arguments in detail |
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4) |
Gaining awareness of lifelong learning and being qualified for pursuing graduate education |
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5) |
Applying theoretical concepts in project planning |
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6) |
Communicating efficiently by accepting differences and carrying out compatible teamwork |
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7) |
Increasing efficiency rate in business environment |
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8) |
Developing innovative and creative solutions in face of uncertainty |
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9) |
Researching to gather information for understanding current threats and opportunities in business |
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10) |
Being aware of the effects of globalization on society and business while deciding |
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11) |
Possessing digital competence and utilizing necessary technology |
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12) |
Communicating in at least one foreign language in academic and daily life |
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13) |
Possessing managing skills and competence |
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14) |
Deciding with the awareness of the legal and ethical consequences of business operations |
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15) |
Expressing opinions that are built through critical thinking process in business and academic environment |
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