This introductory course adopts a holistic approach to the risk management process of both individuals and businesses, for both insurable risks and financial, operational, and strategic risks.
In the first part of the course general risk management theory and practice are discussed and the major methods of managing risks are presented.
In the second part of the course the focus is on the insurance mechanisms that are the best-established and most widespread tools for managing risks for individuals and firms. The major types of insurance contracts are presented, as well as the distinctive characteristics of each.
At the end of this course students will be able:
