Some of the following courses are specific to the MS program. This
cohort program follows a specific Fall-Spring scheme that makes
some fall courses a prerequisite for the spring courses. RMI601 is
a pre- or co-requisite for all RMI courses.
RMI601:Management of Risk.
Financial objectives of corporate risk management process,
empirical evidence of how and why firms manage risk, institutional
environment and regulations of risk management. Results in students
able to jointly manage pure and financial risk. RMI601 is a pre- or
co-requisite for all RMI courses.
RMI602:Risk Research Methods.
This course provides understanding and experience with research
tools and data sources for risk evaluation. Emphasis on
computer-aided application. Results in students able to produce
credible analysis reports on risk and its consequences. The course
is intended for students in the MS program in Risk and is approved
for actuarial society Validation by Education Experience (VEE)
credit.
RMI604:Risk Modeling
Methods. Consider the modeling of contingent claims and
future uncertain cash flows. Impact of pure and financial risk on
cash flow and the cost of equity capital. Emphasis on
computer-aided application. Results in students able to model the
impact of risk across the enterprise. Co- or Prerequisite: RMI
602.
RMI605:Strategic Policy for
Insurers. Investigates how insurance firms can create
economic value for their shareholders and the efficacy of
shareholder value creation subject to the demands of other
stakeholders. Results in students able to articulate the nuances of
a 'good' company given the demands of shareholders.
RMI607:Operational Finance for
Insurers. Ratemaking, reserving, investing, allocating
capital and asset-liability management. Results in students able to
arrange the finances of (re)insurers to meet policyholder
obligations and create economic value for owners.
RMI609:Property Liability and
(Re)Insurance. Underwriting, claims administration,
financial reporting and ratemaking for insurable property and
liability risks. Results in students able to structure
(re)insurance programs to finance risk.
RMI610:Life-Health Insurance and Employee
Benefits. This course reviews basic theory related to life
and health insurance, introduces instruments to prepare for and
deal with financial consequences of various risks related to human
life. Employee benefits and a brief overview of social insurance
system are also included.
RMI611:Cases on Risk, Insurance and
Banking. Students prepare a series of papers designed to
give experience in writing a thesis or research project proposal.
In the process, students obtain familiarity with a set of current
financial service sector issues and hone their ability to think
creatively about risk issues. Prerequisite: RMI 602.
RMI612: Applied Risk Research
& Writing. Students, monitored by the instructor,
apply the analysis tools they have already acquired to complete a
series of large sample empirical research projects of applied
interest to the risk, insurance or banking industry. Students are
responsible for all aspects of the research project including data
collection, data analysis and the presentation of their results. At
the end of the course students have a first hand experience in
resolving the practical issues involved in conducting large sample
empirical research.
RMI613: Risk Seminar.
Students collaborate to examine in detail and depth topical issues
in risk and insurance. Results in students able to articulate
the nuanced impact of the topics examined for the practice of risk
management or the formulation of social policy.
RMI614:Risk Funding Tools.
Derivatives, swaps, hybrid securities, indexed debt, contingent
financing and insurance. Results in students able to hedge pure and
financial risk singularly or jointly. (Calendar coordinated
with RMI604)
RMI621:Risk Project. Students
apply their knowledge and skills to compete a project of practical
use to the banking, risk or insurance industry. Prerequisite: RMI
611.