Program Overview
It explores criteria for risk financing selection, accounting and tax aspects of accidental losses, insurance pricing, insurer selection, and risk retention options. The program aims to equip students with the knowledge and skills to effectively manage and finance risks within an organization.
Program Outline
Emphasis is placed on the selection, implementation and monitoring of various risk financing techniques. Specific subjects discussed are: a framework for risk financing; criteria for risk financing selection techniques; insurance as a mechanism for financing property, net income, personnel, and liability losses; accounting and income tax aspects of accidental losses; insurance pricing; selection of insurers and their representatives; implementing risk retention available options, including the use of affiliated insurers; and cost of risk allocation techniques.
