UNIVERSITY OF C0NNECTICUT
Finance
221/section 3
Risk Management
and Insurance
Fall 2002
Classes: 3:30 – 4:45 MW
BUSN 203 Instructor: James Bridgeman, FSA
Office Hours: 12:30 – 2:00 M Department of Mathematics, U3009
1:30 – 3:00 W MSB 408; phone (860) 486-8382
10:30 – 11:30 Th bridgeman@math.uconn.edu
or by appointment www.math.uconn.edu/~bridgemn course web page
Concepts of individual and corporate risk; management of risk using insurance; principles, products, underwriting, pricing and regulation of the insurance market.
Harrington and Niehaus: Risk Management and Insurance, Irwin/McGraw-Hill 1998
Concept of risk; risk management tools |
Ch. 1 |
Aug. 26 - 28 |
Cost of risk; risk management objectives |
Ch. 2 |
Sept. 4 |
Measurement of risk; effects of pooling |
Ch. 3 |
Sept. 9 – 11 |
Quiz (Ch. 1 – 3) Insurance: pooling plus capital; insolvency risk |
Ch. 4; Sec. 5.1 |
Sept. 16Sept. 16 – 18 |
Solvency regulation; pricing; underwriting cycles |
Sec. 5.2 – 5.6, 6.1 – 6.6 |
Sept. 23 - 25 |
Price regulation; risk aversion; cost of uncertainty Quiz (Ch. 4 – 6) |
Sec. 6.7 – 6.8, Ch. 7 |
Sept.30– Oct. 2 Oct. 2 |
Insurability; contract design and law; Review |
Ch. 8 Ch. 1 - 8 |
Oct. 7 – 9 |
Mid-Term Exam |
Ch. 1 – 8 |
Oct. 16 |
Liability for injuries: torts and workers comp. 1st papers due |
Parts of Ch. 14 & 16 |
Oct. 21 – 23 Oct. 23 |
Employee benefits; group health insurance; medicare |
Ch. 18, Sec. 20.7 |
Oct. 28 – 30 |
Quiz (Ch. 14,
16, 18, Sec. 20.7) Retirement plans; social security benefits |
Ch. 19, Sec. 20.1 - 20.2 |
Nov. 4Nov. 4 - 6 |
Social security financing; auto insurance coverage |
Sec. 20.3 – 21.1 |
Nov. 11 – 13 |
Quiz (Ch. 19 –
20) Automobile insurance pricing, underwriting, and regulation; no-fault |
Sec. 21.2 – 21.5 |
Nov. 18Nov. 18 – 20 |
Homeowners insurance |
Ch. 22 |
Nov. 25 |
2nd
papers due Life insurance and annuities |
Ch. 23 |
Dec. 2Dec. 2 - 4 |
Review |
All
material
|
Dec. 9 |