Course

Course Summary
Credit Type:
Course
ACE ID:
AICP-0150
Organization's ID:
AIDA 182
Organization:
American Institute For Chartered Property Casualty Underwriters/The Institutes
Location:
Classroom-based
Length:
8 weeks (16 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Risk and Insurance Analysis
Description

Objective:

The course objective is to enable the student to explain and apply conventional analytical techniques to risk management and property-casualty insurance.

Learning Outcomes:

  • Explain how conventional analytical techniques, such as probability distributions, influence diagrams, loss development, and root cause analysis apply to risk identification, loss reserving, ratemaking, and risk control

General Topics:

  • Classifying and analyzing risk
  • Probability distributions for analyzing risk
  • Risk modeling techniques
  • Analyzing loss exposures
  • Loss reserving techniques
  • Ratemaking techniques
  • Risk control techniques
  • Analyzing business performance
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials