R M I 300 — PRINCIPLES OF RISK MANAGEMENT

3 credits.

Precedes advanced work in insurance; the nature of risk, principal techniques of risk management and the bases for decision making in management of business and personal risks.

R M I 365 — CONTEMPORARY TOPICS

1-3 credits.

A course for the exploration of subject areas possibly to be introduced into the business curriculum.

R M I 399 — READING AND RESEARCH-RISK MANAGEMENT

1-6 credits.

R M I 610 — PROPERTY RISK MANAGEMENT

3 credits.

Comprehensive analysis of loss control and transfer techniques (including insurance), risk management concepts, loss adjustment and underwriting problems, and profitability/regulatory issues concerning the insurance industry. Current topics: large-scale catastrophies (hurricanes and earthquakes), solvency, insurance coverages for property exposures, and loss control.

R M I 615 — LIABILITY RISK MANAGEMENT

3 credits.

Comprehensive analysis of economic services, benefits, rates and rating theory, loss adjustment problems, legal theory factors, risk management concepts, loss prevention and transfer techniques and government regulation of public liability insurance. Topics include: medical malpractice, no-fault auto insurance, professional liability, workers' compensation, products liability and pollution liability.

R M I 620 — EMPLOYEE BENEFITS MANAGEMENT

3 credits.

Nongovernmental schemes for treating the risks of superannuation of members of a group; property, liability, legal expense, life and health coverages available to groups; organizational characteristics, benefit structure and pricing of risk transfer schemes for groups; characteristics and funding of various types of pension plans; effects of ERISA.

R M I 630 — LIFE AND HEALTH INSURANCE

3 credits.

Determination of human life values and the conservation of those values through personal and business life and health insurance; a consumerist orientation that develops a scheme for rational buying behavior; analysis of contractual provisions; introduction to mathematics of life contingencies and pricing.

R M I 640 — MANAGEMENT OF INSURANCE ENTERPRISE

3 credits.

Functional analysis of the operations of insurance organizations; legal organization, marketing systems, management and control, underwriting, rating, financial analysis, rate making and regulation.

R M I 645 — COMMERCIAL INSURANCE

3 credits.

This course is designed to consider the structure, use, benefits, and limitations of corporate insurance products. Fundamental to the material is the economic underpinning of the insurance contract structure. The major commercial property and liability insurance products will be analyzed in detail with the purpose of illustrating these economic principles and applying them to specific organizational situations.

R M I 650 — SUSTAINABILITY, ENVIRONMENTAL AND SOCIAL RISK MANAGEMENT

3 credits.

The assessment, control, financing and management of risks deriving from pressures on and damages to the environment, workers and local/foreign communities. Risks include liability and directors and officers law suits, boycotts, regulations and competitors' actions.

R M I 655 — RISK FINANCING TECHNIQUES

3 credits.

Study of advanced risk management tools and markets for financing loss costs. Topics include: insurance, self-insurance, retrospective premium plans, risk retention and purchasing groups, reinsurance, insurance subsidiaries (captives), and other policyholder-owned facilities.

R M I 660 — RISK ANALYTICS AND BEHAVIORAL SCIENCE

3 credits.

This course aims to enhance students' ability to navigate uncertainty. The course provides an overview about what we know about the challenges people face in situations with risk and uncertainty. We will use that knowledge to help students identify decision-making biases and to build a framework students can use for thinking clearly about decisions in uncertain environments. We will introduce techniques for improving our understanding of risk and uncertainty and the potential consequences of our choices. Finally, throughout the course we will practice working through making inferences and decisions in the face of ambiguity.

R M I 700 — PRINCIPLES OF RISK MANAGEMENT

3 credits.

Background for advanced work in insurance. Nature of risk, principal techniques of risk management, and the bases for decision making in management of business and personal risks.

R M I/​GEN BUS  701 — MANAGING LEGAL RISKS

3 credits.

Legal implications for business managers of selected areas of the law including negligence, contract, intellectual property, officer/director liability, financing the business enterprise, and employment and trade regulation; introduction to the legal process, including alternative dispute resolution systems.

R M I 710 — RISK MANAGEMENT

2 credits.

The purpose of risk management is to minimize the adverse consequences of variability. Topics include the general philosophy of risk management, environmental factors affecting risk, options to manage risk, and decision processes to select among those options.

R M I 765 — CONTEMPORARY TOPICS

1-4 credits.

R M I 799 — READING AND RESEARCH-RISK MANAGEMENT

1-6 credits.

Individual work suited to the needs of graduate students may be arranged both during regular sessions and the intersession periods.

R M I 815 — RISK FINANCING TECHNIQUES

3 credits.

Study of advanced risk management tools and markets for financing loss costs. Topics include insurance, self-insurance, retrospective premium plans, risk retention and purchasing groups, reinsurance, insurance subsidiaries (captives), and other policyholder owned facilities.

R M I 820 — ADVANCED TOPICS IN RISK MANAGEMENT

3 credits.

Examination of data collection and analysis methods for risk management decisions. Analysis of qualitative and quantitative data to support transfer, retention, and loss control decisions, including loss trending, and evaluation of regulatory controls.

R M I 875 — SEMINAR-RISK MANAGEMENT AND INSURANCE

3 credits.

Continuation of RMI 870.

R M I 920 — SEMINAR IN ACTUARIAL SCIENCE, RISK MANAGEMENT & INSURANCE I

3 credits.

Doctoral seminar in actuarial science, risk management and insurance with emphasis on developing an appreciation of existing literature and appropriate skills to conduct own scholarly work in the field.

R M I 930 — SEMINAR IN ACTUARIAL SCIENCE, RISK MANAGEMENT & INSURANCE II

3 credits.

Doctoral seminar in actuarial science, risk management and insurance, with emphasis on developing an appreciation of existing literature and appropriate skills to conduct own scholarly work in the field.

R M I 990 — RISK & INSURANCE INDEPENDENT RESEARCH PHD THESIS

1-12 credits.

Individual work to complete dissertation requirement of Ph.D. program.

R M I 999 — READING AND RESEARCH-RISK MANAGEMENT AND INSURANCE PHD

1-6 credits.

Individual work suited to the needs of Ph.D. students may be arranged both during the regular sessions and during the intersession periods.