FNCR1260

This course enables students to identify, define, and explain risk situations; develop management concepts, techniques, and processes; and understand the impact of safety and compliance policies. It will provide students with various strategies and techniques used to analyze and manage business risks by examining risk management strategies. Risk management is becoming increasingly important in managing business and personal financial health. Risk management is about insurance and developing policies to mitigate risk. This course is designed to provide students with a solid risk management and insurance background. It discusses all the different types of risks, including property, liability, personal, and financial risks. Students will study how an effective and efficient corporate risk management program will help reduce losses and improve financial performance.

STUDENT LEARNING OUTCOMES:

• Define risk management and study the trends and strategies in the risk management field.
  
• Analyze various compliance methods or approaches to risk management.
  
• Describe the role of a risk manager.
  
• Evaluate various risk exposures.
  
• Demonstrate varying problems from a risk management standpoint that can impact an organization.
  
• Differentiate between types of insurance companies, their operations, and regulations.
  
• Understand the need for and use insurance and apply risk management strategies.
  
• Evaluate property and casualty insurance.
  
• Analyze Risk Management techniques and processes within managerial situations.
  
• Apply techniques and strategies to mitigate risk.