Document Type
Syllabus
Publication Date
Fall 9-1-2024
Course Description
The course surveys fundamental principles of risk, the risk management process, and insurance as a systematic approach to transfer and finance risk. It examines how insurance offers protection against major risks that firms and individuals face, how the insurance market is structured, and how and why the industry is regulated. This course also delves into theories and philosophies that provide insights into how the risk management industry functions in the larger society. Emphasis is placed on understanding that insurance is just one of the techniques to be relied upon in planning a comprehensive risk management program.
Recommended Citation
Wu, Zhixin, "BUS 240 Principles of Risk Management and Insurance Wu Fall 2024" (2024). All Course Syllabi. 954, Scholarly and Creative Work from DePauw University.
https://scholarship.depauw.edu/records_syllabi/954
Student Outcomes
1. Comprehend the meaning of different types of risks. 2. Identify appropriate methods in managing risks. 3. Explain the characteristics of insurance and insurable risks. 4. Understand insurance terminology and components of insurance contracts. 5. Explain different functions in insurance company operations. 6. Explain the rationale for policy design and provisions. 7. Explain and utilize treatment of risk in various fields, including life, health, property and casualty, and more.