Centre
for Risk & Insurance Studies
enhancing the understanding of risk and insurance
enhancing the understanding of risk and insurance
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Centre
for Risk & Insurance Studies
enhancing the understanding of risk and insurance |
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Undergraduate |
| 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. |
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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 risk/insurance modules, which are as follows;
The above modules are primarily intended for 2nd
and 3rd year students. Each is taught through lectures and tutorials over
a semester, with examination by written examination and coursework. |
| Further information about the risk/insurance modules |
| Insurance Firms and Markets |
| Aims and Objectives: | -To
understand the management and operation of insurance companies in the context
of the UK insurance markets. -To investigate the impact of risk on the organisation and operation of an insurance firm. |
| Examples of issues covered: |
-What are the different
types of insurance products and insurance organisations? |
| Assessment: | -90
minute written examination, worth 75%, with 2 questions from a choice of
6. -2,000 word, coursework essay worth 25%. |
| Risk, Information and Insurance |
| Aims and objectives: | -To provide a conceptual framework necessary for an understanding of decision-taking under risk and uncertainty, and to use this framework to explore issues in the market for insurance such as those involving asymmetric information. |
| Examples of issues covered: | -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"? |
| Assessment: | -90
minute written examination worth 75%, with 2 questions from a choice of
6. -2,000 word, coursework essay worth 25%. |
| Risk Management Decisions |
| Aims and objectives: | -To
understand the negative impact of risk on the stakeholders of a modern organisation. -To understand the risk-creation process in an organisation. -To understand how corporate risk affects stakeholders (including individuals, employees, corporate decision takers, and shareholders). -To analyse the nature of value-creating risk management decisions. |
| Examples of issues covered: | -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? |
| Assessments: | -90
minute written examination worth 75%, with 2 questions from a choice of
6. -2,000 word, coursework essay worth 25%. |
| Risk Management Processes |
| Aims and objectives: | -To
provide a conceptual introduction to the various elements of the corporate
risk management process -The main elements of this process are risk assessment, risk control and risk financing. |
| Examples of issues covered: | -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? |
| Assessment: | -90
minute written examination worth 75%, with 2 questions from a choice of
6. -2,000 word, coursework essay worth 25%. |
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