RMI 3500 Introduction to Risk Management and Insurance
Credit Hours 3.0
Prerequisites None
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 1, 6, 7
Description

The primary focus of this introductory course is on evaluating life, health, retirement, property, and liability exposures to loss and analyzing the methods for managing these risks. Risk management and insurance techniques for dealing with potential losses to individuals and organizations are emphasized. This course is suggested as an elective for all majors.

RMI 3750 Risk Modeling
Credit Hours 3.0
Prerequisites MATH 1113
Corequisites MGS 3100
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 1, 6 and 7
Description

This course introduces students to the principles of probability theory and risk simulation analysis. Specific topics covered include probability theory; descriptive statistics and graphical representations of data; probability distribution functions including binomial, Poisson, Normal and other functions; sampling distributions and the Central Limit Theorem; estimation and goodness-of-fit tests; and static and dynamic Monte Carlo simulation models. Spreadsheet simulation exercises are used extensively to illustrate the concepts. The applications are drawn from a variety of areas where risk analysis has become important including finance, insurance, corporate risk management and personal financial planning.

RMI 4005 Introduction to Risk Analytics and Applications
Credit Hours 3.0
Prerequisites RMI 3750
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 3, 6, 7
Description

This class will cover three main themes wrapped around various applications in risk analytics. These themes are programming in software used in risk analytics (such as R, SAS, MATLAB, Stata), transparency and replication using principles of literate statistical programming, and risk communication. Students will have access to the various programming languages available on GSU’s Virtual Computing Lab servers and will be able to create a portfolio of problem solutions to demonstrate programming ability in statistical modeling software. In addition, there will be presentations and reports demonstrating students’ ability to communicate to technical and non-technical audiences.

RMI 4010 Life Insurance
Credit Hours 3.0
Prerequisites RMI 3500
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 1, 6, 7
Description

This course covers the nature and importance of life and health risks and the functions and uses of individual life and health insurance in treating these risks. From both the individual and the business viewpoints, techniques for evaluating life insurance, health insurance, and annuities are covered, including a review of the legal aspects of these contracts. This course is suggested as an elective for all majors.

RMI 4015 Contrcts Risk Analysis
Credit Hours 3.0
Prerequisites BUSA 2106 or RMI 3750
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 1, 2, 3, 4, 5, 6, 7, 8
Description

Business is largely about transactions – to sell goods or services to customers (including the government), to obtain goods and service from vendors and suppliers, to merge or divest the company, to enter into joint ventures, to form international agreements, etc. Transactions generate revenue for the firm. Transactions that turn out differently than expected can cost income. This course examines many types of contracts and scenarios where contracts are essential to the business deal and explores how these contracts should be written to comply with legal requirements. Students will evaluate contracts for legal aspects, completeness as to business objective, contingencies and risk assessment, using law, enterprise risk management frameworks and quantitative methods and analysis.

RMI 4020 Property and Liability Insurance
Credit Hours 3.0
Prerequisites RMI 3500
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 1, 6, 7
Description

This course examines the major types of property and liability insurance. The structure, scope, and limitations of commercial property and liability contracts are analyzed. Coverage principles and concepts are emphasized. This course is suggested as an elective for all majors.

RMI 4025 Law, Policy and Risk Regulation
Credit Hours 3.0
Prerequisites BUSA 2106 or RMI 3750
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 3, 7
Description

This course focuses on why large portions of the American economy are subject to government regulation (rather than private regulation) in order to address risks posed to individuals, firms, and society and to acheieve particular public policy goals. Private regulations relp on agreements or litigation among private parties to change the behavior of individuals and firms. Congress and state legislatures create government agencies to address issues that they have concluded cannot or should not be addressed through private, regulations. These government agencies create, implement, and enforce government regulations. The course focuses on the risk management process by requiring students to identify risks in the legal context and assess those risks using analytic tools of law and economics.

RMI 4150 Theorg of Risk
Credit Hours 3.0
Prerequisites MATH 1113 or RMI 3750
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 1, 2, 6 and 7
Description

This course will cover the microeconomic theory of decision making for risk-averse individuals and for corporations. The course also provides an introduction to models of adverse selection and moral hazard so students will understand the basics of risk sharing contracts in the presence of various information environments.

RMI 4300 Risk Management
Credit Hours 3.0
Prerequisites RMI 3500 and BCOM 3950
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 1, 2, 6, 7
Description

This course examines the risk management process, the identification and evaluation of loss exposures, the analysis of the various risk control and financing techniques available to manage the exposures, decision making under conditions of uncertainty, and control mechanisms to monitor the results of the risk management program. Case studies, computer simulation, and work to reinforce the risk management concepts covered in the course are required. This course is suggested as an elective for all majors, especially accounting, finance, and management.

RMI 4350 Enterprise Risk Management-CTW
Credit Hours 3.0
Prerequisites MATH 2211 and RMI 3750 and BCOM 3950
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 1, 2, 6, 7
Description

This course introduces strategies that firms employ to enhance corporate value through their risk management function. The tools and concepts are relevant for both financial and non-financial institutions. The course focuses on risk management decisions from a corporate finance perspective rather than on the speculative use of financial derivative contracts or on the valuation of derivatives and insurance contracts. This course satisfies critical thinking through writing requirements.

RMI 4389 Directed Readings in Risk Management and Insurance
Credit Hours 1.0 TO 3.0
Prerequisites One RMI course and consent of instructor
Requirements Must meet RCB upper division course requirements and 45 semester hours
Description
RMI 4391 Risk Management and Insurance Field Study
Credit Hours 1.0 TO 3.0
Prerequisites Department approval
Requirements Must meet RCB upper division course requirements and 45 semester hours
Description

This course is designed to provide the senior-level under- graduate student with an opportunity to apply the business skills learned at the Robison College of Business (RCB) in an approved site off or on campus. The course immerses students in the planning and execution of complex activities involved in both large and small businesses.

RMI 4530 Employee Benefit Plans
Credit Hours 3.0
Prerequisites MGS 3400
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 1, 6, 7
Description

(Same as MGS 4385).
This course examines the characteristics and design of employee benefit plans, including group insurance, pensions, and profit sharing. These plans are evaluated in terms of their cost and effectiveness. Consideration is given to employee communications, taxation, collective bargaining, social insurance systems, and international benefit programs.

RMI 4700 Insurance Operations
Credit Hours 3.0
Prerequisites RMI 3500, and RMI 4010, and RMI 4020 and BCOM 3950, or consent of instructor
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 1, 6, 7
Description

This course is designed to study the key operational activities of insurance organizations. It specifically covers marketing and distributions systems, underwriting, principles of ratemaking, reinsurance, and financial analysis. These functional areas are studied in the context of regulatory and public policy issues. Students analyze the operational and financial aspects of an insurance company.

RMI 4980 Problems in Risk Management and Insurance
Credit Hours 3.0
Prerequisites A minimum of four RMI courses including RMI 3500, and RMI 4010, and RMI 4020, or consent of instructor
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 1, 6, 7
Description

The principal focus of this capstone course for the RMI major is the study of current problems and issues in risk management and insurance.

RMI 4990 The Risk Analysis Clinic
Credit Hours 3.0
Prerequisites Senior status and by perission
Requirements Must meet RCB upper division course requirements and 45 semester hours, CSP 1, 2, 3, 4, 5, 6, 7, 8
Description

The Risk Analysis Clinic course will provide the student with a real case study of a problem with Risk Analysis using real company data. Students will approach the problem as a consulting project, meet with the client, assess needs, undertake the analysis, and report results in both a written report and an oral presentation. As a result, students will work on a real project from a local firm from start to finish. Overall, students will gain experience interacting with a “customer” and will practice providing critical review of other student’s projects.