Course

Course Summary
Credit Type:
Course
ACE ID:
AICP-0113
Organization's ID:
ARM 54-G
Organization:
American Institute For Chartered Property Casualty Underwriters/The Institutes
Location:
Classroom-based
Length:
14 lessons (Self-paced; distance learning)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Graduate 3 Business Administration, Insurance, or Risk Management
As of January 2014, students may not receive credit for both this course and Risk Management Principles and Practices (ARM 54).
Description

Objective:

The course objective is to enable students to analyze exposure identification and evaluation in risk management decision-making, and to evaluate the financial management basis for choosing risk management alternatives in the context of business organization objectives and general management principles.

Learning Outcomes:

  • Distinguish and analyze various loss exposures
  • Justify and apply forecasting techniques and cash flow analysis in making risk management decisions

General Topics:

  • Introduction to risk management
  • Risk management standards and guidelines
  • Hazard risk
  • Operational, financial, and strategic risk
  • Risk management framework and process
  • Risk identification
  • Risk analysis
  • Risk treatment
  • Financial statement risk analysis
  • Capital investment and financial risk
  • Monitoring and reporting on risk
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Classroom Exercise
  • Discussion

Methods of Assessment:

  • Examinations
  • Quizzes
Supplemental Materials