Courses
RMI 201 - Introduction to Risk Management and Insurance (3)
This course starts with a broad overview of ways to manage risk, and the approach taken by insurance companies to contain these risks. The nature of the insurance contract, the various types of insurance, and their routine components are examined. The use of insurance as a solution for business problems is also explored. Because most employee group benefits are insurance related, those components of a benefit plan are a focal point of the course. Topics such as insurer solvency and profitability, insurance regulation, insurance contracts, and loss exposures mainly in the area of property and liability insurance will be covered.
RMI 301 - Property and Casualty Insurance (3)
This course will look at current issues in the Property/Casualty insurance industry. Basic principles, functions and uses of property & casualty insurance; types of policy contracts; calculation of premiums reserves; organization management; supervision of companies.
Prerequisites: RMI 201, Business Department majors only, or permission from the Business department.
RMI 310 - Insurance Company Operations (3)
The course covers off-shore financing, role of reinsurance, history of alternative risk financing, forecasting risk loss, capital market functions, forming captive insurance companies, and use of derivatives in risk management.
Prerequisites: RMI 201, Business Department majors only, or permission from the Business department.
RMI 315 - Underwriting (3)
This course covers property and casualty underwriting through the principles of underwriting; strategic underwriting techniques; the insurance production environment; and insurance agency management tools and processes. Students will learn to assess whether to accept insurance risks (or groups of risks) and at what price.
Prerequisites: RMI 301, RMI 310; Business Department majors only, or permission from the Business department
RMI 401 - Topics in Risk Management and Insurance (3)
This course is designed to give greater coverage to those risk management and insurance topics that are not covered in great detail in other courses. Such as risk assessment and mapping, emerging risks, insurance markets, risk transfer and risk financing, insurance economics, catastrophe risks, Social Security, Public health Insurance, and international risk issues.
Prerequisites: RMI 301, RMI 310, RMI 315; Business Department majors only, or permission from the Business department.
RMI 410 - Enterprise Risk Management (3)
Enterprise Risk Management comprehensively addresses all risks faced by an organization - pure risk, speculative financial risks, strategic risks, operational risks and other risks. This course is designed to apply the theories and techniques in the process of planning, organizing, leading and controlling the activities of an organization to minimize risks. It also provides an overview of risk management and insurance markets and products that can be used to help manage the organization’s risk. In addition, several valuation and risk management tools and models designed to measure and manage risk will be introduced and discussed.
Prerequisites: BUS 351, RMI 301, RMI 310, and RMI 315; or permission of instructor
