RMI 8050 Risk Management Modeling
Credit Hours 3.0
Prerequisites None
Requirements CSP: 1, 2, 6, 7
Description

This spreadsheet-based course surveys the principles of probability theory and mathematical finance for solving a diverse set of risk management problems related to the valu- ation and measurement of operational and financial risk exposures of the firm. The course is designed for all stu- dents interested in risk management and its application in finance, accounting, strategic management and economics.

RMI 8120 Property and Liability Insurance
Credit Hours 3.0
Prerequisites None
Requirements CSP: 1, 6, 7
Description

This course introduces the fundamental principles of proper- ty and liability insurance and a framework for designing and analyzing insurance contracts. The course examines property and liability loss exposures and their management, with primary emphasis on insurance.

RMI 8150 Corporate Risk Management
Credit Hours 3.0
Prerequisites MBA 8135
Requirements CSP: 1, 2, 6, 7
Description

Business organizations are exposed to loss-causing events that may have significant impact on their financial position. This course explores the analysis, control and financing of property, liability and human resource loss exposures. Risk analysis includes loss-forecasting studies using microcomputer spreadsheets. Risk control focuses on principles of loss causation and mitigation and techniques for implementing risk control strategies. Risk financing alternatives include both funded and unfunded approaches. Traditional insurance, loss-sensitive insurance, cash-flow plans, self-insurance, captives, pooling, and financial risk management arrangements are examined. Case studies synthesize the risk management concepts covered in the course.

RMI 8200 Risk Management and Insurance Planning
Credit Hours 3.0
Prerequisites None
Requirements CSP: None
Description

The course includes an examination of risks to the person, including premature death, disability, health, and long term care. The course also analyzes property and liability risks, spanning auto, homeowners, and commercial. The course looks at methods of risk management beyond contracts, including organizational form. Case studies illustrate the application of risk management to client scenarios.

RMI 8300 Predictive Risk Modeling
Credit Hours 3.0
Prerequisites ECON 8740
Description

This course presents econometric techniques used to quantify risk exposures faced by individuals and corporations. The course emphasizes the microeconometric analysis of risk illustrated by examples including retail credit scoring, bankruptcy prediction, predictive loss modeling, stochastic loss reserving and others. Econometric techniques covered include generalized linear modeling, count models, survival regressions, and neural network analysis. Emphasis is placed on students gaining real world experience by being asked to estimate the models using data sets supplied by the instructor. The course is intended for graduate students in economics, business, finance, and actuarial science seeking to increase their ability to empirically model risk exposures in various settings.

RMI 8370 Financial Risk Management
Credit Hours 3.0
Prerequisites MBA 8135
Requirements CSP: 1, 2, 6, 7
Description

The course presents the fundamentals of corporate financial risk management. The objective is a realistic and conceptually motivated overview of risk management for major global companies. The strategic approach to risk management requires an understanding of insurance and alternative risk financing, as well as financial, insurance and commodity derivatives.

RMI 8389 Directed Readings in Risk Management and Insurance
Credit Hours 1.0 TO 3.0
Prerequisites Consent of a graduate adviser in Department of Risk Management and Insurance, good academic standing
Description

CSP: 1, 6.

RMI 9100 Theory of Risk and Insurance
Credit Hours 3.0
Prerequisites Consent of a graduate adviser in the Department of Risk Management and Insurance
Requirements CSP: 1, 2, 6, 7
Description

This course is a study of the generalized concept of risk and the alternative methods of risk accommodation from the viewpoint of the individual and businessperson. Special consideration is given to the theory of insurance and its proper utilization relative to risk.

RMI 9250 Reading Seminar in Risk and Insurance
Credit Hours 3.0
Prerequisites Consent of a graduate adviser in the Department of Risk Management and Insurance
Description

CSP: 1, 2, 6, 7.