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 Academic Year: | 2018/9 | |
| Owning Department/School: | School of Management | |
| Credits: | 6 [equivalent to 12 CATS credits] | |
| Notional Study Hours: | 120 | |
| Level: | Masters UG & PG (FHEQ level 7) | |
| Period: |
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| Assessment Summary: | CW 100% | |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | ||
| 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. | Before taking this module 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. |
| Programme availability: |
MN50497 is Optional on the following programmes:School of Management
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Notes:
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