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    Protection and Extinguishing Systems, Surveyor's

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    Shakti Shivanand
    This document provides information about a risk management course offered in the third semester of a Master of Commerce program. The objective of the course is to understand risk, risk evaluation, human factors in risk control, and risk management in banks and financial markets. The course is divided into 4 units covering topics such as introduction to risk and risk management, risk identification and evaluation, risk control techniques, risk financing methods, and risk retention strategies. The course is worth 4 credits and includes 45 hours of classes with exams accounting for 100 marks.

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    Protection and Extinguishing Systems, Surveyor's

    Uploaded by

    Shakti Shivanand
    46 views2 pages
    This document provides information about a risk management course offered in the third semester of a Master of Commerce program. The objective of the course is to understand risk, risk evaluation, human factors in risk control, and risk management in banks and financial markets. The course is divided into 4 units covering topics such as introduction to risk and risk management, risk identification and evaluation, risk control techniques, risk financing methods, and risk retention strategies. The course is worth 4 credits and includes 45 hours of classes with exams accounting for 100 marks.

    Original Description:

    Risk Management

    Original Title

    Risk Management

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    This document provides information about a risk management course offered in the third semester of a Master of Commerce program. The objective of the course is to understand risk, risk evaluation, human factors in risk control, and risk management in banks and financial markets. The course is divided into 4 units covering topics such as introduction to risk and risk management, risk identification and evaluation, risk control techniques, risk financing methods, and risk retention strategies. The course is worth 4 credits and includes 45 hours of classes with exams accounting for 100 marks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    46 views2 pages

    Protection and Extinguishing Systems, Surveyor's

    Uploaded by

    Shakti Shivanand
    This document provides information about a risk management course offered in the third semester of a Master of Commerce program. The objective of the course is to understand risk, risk evaluation, human factors in risk control, and risk management in banks and financial markets. The course is divided into 4 units covering topics such as introduction to risk and risk management, risk identification and evaluation, risk control techniques, risk financing methods, and risk retention strategies. The course is worth 4 credits and includes 45 hours of classes with exams accounting for 100 marks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Programme Name

    Semester
    Paper No
    Course Code
    Course Name
    Course Type
    Effective from
    Objective

    Master of Commerce
    Third
    3.54
    RISK MANAGEMENT
    Soft Skill Course
    JUNE 2012
    To understand the risk, its evaluation, human factor in risk
    control, economics of risk financing and risk management in
    banks and financial markets.

    Unit Topic
    Content
    Hrs. Marks Credit
    W+%
    No.
    No.
    1
    01
    Introduction to Risk, Risk and Uncertainty, 15
    25
    01
    Classification of risks, Risk, peril and hazard, Cost of
    Risk, Methods of Handling Risk. Risk Management,
    Nature, Development, Scope, Definition, Objectives.
    Personal v/s Corporate Risk Management, Corporate
    Risk Objectives, Attitude and Philosophy. Risk
    Management Organization and Role of Risk
    Manager. Risk Management Process.
    2

    02

    Risk Identification, of Internal and External Risk


    Exposures and Operative Causes.
    Risk Evaluation. Statistical concepts involved.
    Probability Theory and Probability distribution.
    Measures of Central tendency and dispersion. Law of
    large Numbers, Statistical Inference. Graphical
    presentation of Data. Risk Evaluation. Assessing
    probability and severity factors. Application of
    statistical concepts. Probable Maximum Loss; VaR.
    Risk Control. Loss Prevention, Loss Prevention, Loss
    Minimization, Diversification, Optimal Loss control,
    Contingency Planning; Statutory provisions on Risk
    control, Human factor in Risk Control, Training, Fire
    Protection and Extinguishing systems, Surveyors
    role in loss prevention, Mutual Aid Schemes.

    15

    25

    01

    03

    Risk Financing. Economics of Risk Financing. 15


    Techniques, Financial Position of the organization.
    External factors affecting Risk Financing. Risk
    Transfer. Transfer of activity and transfer of Risk.
    Insurance as a Risk Transfer tool. Benefits and
    limitations of insurance. Pooling arrangements.
    Alternative Risk Transfer. Why ART? Characteristics
    of ART techniques. ART Tools. Loss Sensitive
    Contracts, Captive Insurers, Multi -line and Multitrigger policies, Contingent financing arrangements,
    Structured debt instruments, C AT Bonds, Weather
    Derivatives and Venture capital arrangements.

    25

    01

    04

    Risk Retention. Benefits of Retention. Determinants 15


    of Retention Policy. Guidelines for Optimal
    Retention. Aggregated or Disaggregated Risk
    Management. Risk Management and shar eholder
    value. Risk Management in Banks and Financial
    Markets.

    25

    01

    References:
    1) Williams, Arthur; Risk Management and Insurance; McGraw Hill.
    2) Vaubhan J, Emmet; Fundamentals of Risk and Insurance Wiley Publications.
    Harringtion; Risk Management a nd Insurance; McGraw Hill.

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