Centre for Risk & Insurance Studies - Teaching
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The centre has teaching in Risk and Insurance at both Undergraduate and Postgraduate level.
MSc Programmes
These degrees build on the School's long-standing reputation as the leading centre for the study of insurance in the UK.Students graduating with an MSc in Risk Management are entitled to join the Institute of Risk Management as a specialist member. Current MSc Risk Management students can join IRM free as an affiliate member.
PhD Programme
We welcome students wishing to study risk or insurance at PhD level.Undergraduate Programmes
Undergraduate teaching of risk and insurance at the University of Nottingham began in 1968 and continues to play an important part in our degree courses. The main undergraduate degrees (B.A.) run from the Business School are as follows; in addition, there are degrees combining elements of these with other subjects such as languages or engineering. Students can chose to study one or more of the four risk/insurance modules, which are as follows listed below. Each is taught through lectures and tutorials over a semester, with examination by written examination and coursework.- Insurance in a Risky World
- Insurance Firms and Markets
- Risk, Information and Insurance
- Risk Management Decisions
- Risk Management Processes
- How did fire insurance develop in the 17th and 18th centuries?
- What is the contribution of insurance to the economy?
- Why do people buy life insurance?
- How does Lloyd's of London operate?
- What are the different types of insurance products and insurance organisations?
- How do insurance companies work out the premium rates to charge?
- Why is the insurance industry subject to significant government regulation?
- What rules do people use when taking decisions in uncertain situations?
- What are the different measures of risk aversion?
- How is insurance affected by "asymmetric information" and "moral hazard"?
- What is risk, and what is meant by people being "risk averse"?
- How do individuals take decisions when faced with risk?
- Why do firms carry out risk management?
- How do you measure risk, and what are the problems in this?
- What are the methods whereby organisations control risk, or finance risks they retain?
- How can firms use insurance or alternative risk transfer mechanisms as part of risk management?
Students with a BA degree from the Business School are, if they decide to join the Chartered Insurance Institute (CII), entitled to certain exemptions from CII examinations. Additional exemptions are available if the student has a degree in Industrial Economics with Insurance, and possibly for other degrees if the student has taken risk/insurance modules. Graduates with the MA or MSc degree in Risk Management or MA Insurance Studies are also entitled to exemptions from certain CII examinations.