FNC 281 - Principles of Risk Management and Insurance, 3 credit hours

Prerequisite(s): MTH 279 or FNC 280
The risk management and insurance industries create sustainable value through the rigorous application of data analytics to model, manage and respond to a variety of real-world risks. This of course will introduce students to the concepts of Risk Management and Insurance. Topics begin with the nature and perceptions of risk; we will then connect the cost of the risks to the measurement and assessment of mitigating options including insurance. The course will provide a overview of several insurance products offered as mitigants to various personal and business risks. Examples will rely on numerical analysis as well as systems thinking to introduce modes of analysis.