Fall of every year
Total Credits: 3 Lecture/Recitation/Discussion Hours: 3
(FI 311 or FI 320) and (STT 200 or STT 201 or STT 231 or STT 315 or STT 351 or STT 421 or STT 441)
Knowledge of calculus is recommended but not required.
Open to students in the Insurance and Risk Management Minor or approval of department.
Overview of techniques for measuring and managing risk. Pure risks related to mortality, health-related expenses, property damage, and product liability. Management techniques studied include risk assumption, prevention, diversification, and transfer via insurance and non-insurance market mechanisms.