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Protection and Extinguishing Systems, Surveyor's

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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Shakti Shivanand
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85 views2 pages

Protection and Extinguishing Systems, Surveyor's

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.

Uploaded by

Shakti Shivanand
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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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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