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Our Degree Programs
Establishment
Language of instruction
English
Teaching content
FINANCE
Training officer(s)
H.AKOUN
Stakeholder(s)
Hervé Akoun
Présentation
Prerequisite
It is advisable that students are acquainted with basic financial mathematic and statistics.
Goal
At the end of the course, the student should be able to:
- Understand various concepts of risk
- Identify, analyse and evaluate various kinds of risks faced by business firms and individuals.
- Apply the risk management process to select among the alternative techniques for managing these risks.
- Analyse insurance contracts in order to be able to select the right personal or business contracts according to the needs
- Explain and calculate “fair” insurance premiums
- Explain the role of insurer capital and the factors affecting insurer capital decisions
- Understand how moral hazard, adverse selection impact the risk management process
- Understand and calulate insurance reserves
- Know the regulatory requirement for insurance companies : Solvency 2
- Understand various concepts of risk
- Identify, analyse and evaluate various kinds of risks faced by business firms and individuals.
- Apply the risk management process to select among the alternative techniques for managing these risks.
- Analyse insurance contracts in order to be able to select the right personal or business contracts according to the needs
- Explain and calculate “fair” insurance premiums
- Explain the role of insurer capital and the factors affecting insurer capital decisions
- Understand how moral hazard, adverse selection impact the risk management process
- Understand and calulate insurance reserves
- Know the regulatory requirement for insurance companies : Solvency 2
Presentation
*Risk Management in Insurance
- The importance of insurance
- Risk management
- Insurance premium calculation
*Insurance business management
- The different types of insurance
- Reinsurance
- Reserving
- Accounting principles
*Insurance financial analysis
- Insurance profitability
- Capital Management
- Insurance regulation : Solvency II
- The importance of insurance
- Risk management
- Insurance premium calculation
*Insurance business management
- The different types of insurance
- Reinsurance
- Reserving
- Accounting principles
*Insurance financial analysis
- Insurance profitability
- Capital Management
- Insurance regulation : Solvency II
Modalités
Organization
| Type | Amount of time | Comment | |
|---|---|---|---|
| Présentiel | |||
| Cours interactif | 16,00 | ||
| Travail personnel | |||
| Charge de travail personnel indicative | 14,00 | ||
| Autoformation | |||
| Lecture du manuel de référence | 10,00 | ||
| Overall student workload | 40,00 | ||
Evaluation
Assessment will be based on the course participation and on a final written exam mixing MCQ, exercises and theoretical questions.
| Control type | Duration | Amount | Weighting |
|---|---|---|---|
| Examen (final) | |||
| Examen écrit | 2,00 | 0 | 80,00 |
| Contrôle continu | |||
| Participation | 16,00 | 0 | 20,00 |
| TOTAL | 100,00 | ||
Ressources
Bibliography
Introduction to Risk Management and Insurance by Mark S. Dorfman, 10th edition, Pearson -