Syllabus
This compact course will be taught by Prof. Hwan-sik Choi on Monday–Wednesday, May 27–29, 2024, 9:00–12:20, in room 314.
The final written exam will be held on Thursday, May 30, 2024, 9:00, in room 109 (tentative, may still be modified).
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
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.