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MN50497: Strategy, risk & insurance

Follow this link for further information on academic years Academic Year: 2014/5
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period: Modular (no specific semester)
Semester 2
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 100%)
Further information on supplementary assessment Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this unit you must take MN50339 and take MN50340 and take MN50341 and take MN50342 and take MN50343 and take MN50344. Students may find it useful to take complementary unit MN50219 whilst taking this unit.
Further information on descriptions Description: Aims:
The course aims to provide students with an understanding of the principles and function of insurance and insurance markets in society and economy.

Learning Outcomes:
By the end of the unit students should be able to:
* Determine the operational and strategic role of insurance in companies.
* Develop a risk management strategy that takes insurance solutions into account.
* Recognize and evaluate the wider macroeconomic and societal role of insurance markets.

Skills:
Intellectual, practical and transferable skills that will be acquired during the course will include:
* The ability to identify, measure and assess corporate risk exposures
* The application of insurance (risk transfer) solutions to practical operational and strategic risk management problems.
* The awareness of current issues in global insurance markets and their potential commercial and public policy impacts.
* The development of in-depth research skills and critical appraisal capabilities in the formulation of risk management strategies.

Content:
The course will cover areas such as:
* The principles and theory of risk and insurance.
* The historical development and current role of (re)insurance markets.
* The financial management function of corporate insurance.
* The strategic role of insurance and risk management.
* Insurance products, regulation and future developments (e.g., alternative risk transfer).
* Insurance and economic development.
Further information on programme availabilityProgramme availability:

MN50497 is Optional on the following programmes:

School of Management
Notes:
* This unit catalogue is applicable for the 2014/15 academic year only. Students continuing their studies into 2015/16 and beyond should not assume that this unit will be available in future years in the format displayed here for 2014/15.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.