Risk management and insurance application to business and personal financial decision-making. Introduction to basic risk management concepts and techniques. Analyze various types of insurance: including life, property, casualty, liability, health, disability, and long-term care.
Treatment of risk of financial loss of personal and business property and resulting loss of income occasioned by fire and allied perils. Forms of insurance used by individual business executives and firms including crime, transportation, liability, and worker compensation. Pre: 300.
Treatment of the risk of premature death through use of various life insurance policies. Policy forms, calculation of premiums, reserves, non-forfeiture values, underwriting, regulation of policy provisions, related coverage. Pre: 300.