MN50497: Strategy, risk & insurance
[Page last updated: 09 August 2024]
| Academic Year: | 2024/25 |
| Owning Department/School: | School of Management |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
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| Assessment Summary: | CW 100% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | |
| Learning Outcomes: |
By the end of the unit students should be able to:
* Determine the operational and strategic role of insurance in companies. * Develop a risk management strategy that takes insurance solutions into account. * Recognize and evaluate the wider macroeconomic and societal role of insurance markets. |
| Aims: | The course aims to provide students with an understanding of the principles and function of insurance and insurance markets in society and economy. |
| Skills: | Intellectual, practical and transferable skills that will be acquired during the course will include:
* The ability to identify, measure and assess corporate risk exposures * The application of insurance (risk transfer) solutions to practical operational and strategic risk management problems. * The awareness of current issues in global insurance markets and their potential commercial and public policy impacts. * The development of in-depth research skills and critical appraisal capabilities in the formulation of risk management strategies. |
| Content: | The course will cover areas such as:
* The principles and theory of risk and insurance. * The historical development and current role of (re)insurance markets. * The financial management function of corporate insurance. * The strategic role of insurance and risk management. * Insurance products, regulation and future developments (e.g., alternative risk transfer). * Insurance and economic development. |
| Course availability: |
MN50497 is Optional on the following courses:School of Management
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Notes:
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