Course

Course Summary
Credit Type:
Course
ACE ID:
AICP-0122
Organization's ID:
CPCU 500
Organization:
American Institute For Chartered Property Casualty Underwriters/The Institutes
Location:
Classroom-based
Length:
8 weeks (32 -- 48 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Risk Management or Insurance
Description

Objective:

The course objective is to enable the student to acquire knowledge of the principles and practices of risk management and insurance.

Learning Outcomes:

  • Describe and evaluate the risk management process
  • Apply risk assessment tools including probability and statistical analysis
  • Select and analyze appropriate risk financing techniques
  • Explain how enterprise-wide risk management expands upon traditional risk management
  • Explain key concepts affecting property-casualty insurance policies, such as insurable interest and insurance to value
  • Recommend effective risk control techniques
  • Explain how insurance operates as a risk management technique
  • Apply a systematic method for analyzing whether an insurance policy covers a described loss
  • Describe the use of big data analytics by risk managers and insurers

General Topics:

  • Introduction to risk management
  • Risk assessment
  • Risk control
  • Risk financing
  • Insurance as a risk management technique
  • Insurance policy analysis
  • Common policy concepts
  • Big data analytics
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials