RMI 3500 - Principles of Risk Management and Insurance

3 Credit Hours

Pre/Corequisites: Prerequisite: RCB students must meet upper division requirements. Non-RCB students: ECON 2100 or higher (Prerequisite for non-RCB students can be taken concurrently).
Requirements: Must meet RCB upper division course requirements and 45 semester hours.

Description
This course introduces the principles of risk analysis and risk management, and principles of insurance for handling risk. Risk is uncertainty concerning the possibility of loss. Risk management aims to reduce frequency and severity of losses. The insurance focus is on personal lines, for property and liability exposures including automobile and homeowner’s insurance. Personal financial risk exposures include health, disability and longevity, and related insurance, with an introduction to retirement funding mechanisms. The course also presents how insurers operate as a regulated industry, involving various business functions. The topics will be of interest and value to all majors.