Risk Management and Insurance - JEM236

• Title: Risk Management and Insurance
• Czech title: Risk Management and Insurance
• Guaranteed by: Institute of Economic Studies (23-IES)
• Faculty: Faculty of Social Sciences
• Actual: from 2024
• Semester: summer
• E-Credits: 3
• Examination process: summer s.:
• Hours per week, examination: summer s.:6/0, C [HS]
• Capacity: unknown / unknown (97)
• Min. number of students: unlimited
• 4EU+: no
• Virtual mobility / capacity: no
• State of the course: not taught
• Language: English
• Teaching methods: full-time
• Note: course can be enrolled in outside the study plan; enabled for web enrollment; priority enrollment if the course is part of the study plan
• Guarantor: PhDr. Jiří Kukačka, Ph.D.
• Class: Courses not for incoming students

Annotation

This course provides basic tools to analyze and manage risk. The focus is given to identification and measurement of risk, diversification, pricing, insurance demand theory, loss control, as well as other insurance issues.
Registration into this compact course is open until the first day of the course.

Last update: Schnellerová Dagmar, Ing. (14.02.2024)

Aim of the course

After completing the course, the students will be able to understand the nature of insurance and risk management. They will be able to apply diversification and other risk management methods to mitigate personal risk. They will also understand the importance of loss control and other risk transfer methods.

Last update: Schnellerová Dagmar, Ing. (17.01.2023)

Course completion requirements

To successfully finish the course, students have to pass the final knowledge verification quiz (60 minutes, pass/fail only, closed-book, no calculators allowed, the standard 51% pass rule applies).

No registration for the quiz in SIS is needed (there is no official term listed in the 'Exam dates' module).

Identification: please bring your ID card (ISIC, national ID, passport) and have it available at the start of the quiz. The ID must be visible on your desk during the entire quiz.

Last update: Kukačka Jiří, PhDr., Ph.D. (31.05.2024)

Syllabus

This compact course will be taught by Prof. Hwan-sik Choi - days and schedule will be annouced later

Day 1:
- Risk Identification - Risk management process, methods, hedging and diversification
- Objective of risk management
- Identification of risk
- Measurement of risk (statistical methods)

Day 2:
- Measurement of Risk (continued)
- Pooling arrangement and diversification of risk

Day 3:
- Insurer ownership, financial and operational structure
- Insolvencies, and solvency ratings
- Insurance pricing and demand
- loss control

Last update: Schnellerová Dagmar, Ing. (20.02.2025)

Registration requirements

Participating students should have basic knowledge of calculus and statistics. Knowledge on intermediate-level microeconomic theory is recommended.

Last update: Schnellerová Dagmar, Ing. (17.01.2023)