A study of risk and the risk
management process begins the course.
Types of applications to risk management
include commercial risk, personal risk, and
public risk. Each kind of insurance product
is described fully and analyzed within the
current marketplace. The course provides in-depth analysis of the processing, investing
and evaluation of risk management. This
course will also provide students with an
understanding of:
- How insurance works, what types of risks
are suitable for private insurance and
what risk a characteristics are
“uninsurable”;
- How to read and interpret an insurance
policy;
- Fundamentals principles and characteristics
of property and casualty insurance;
- What is a liability insurer’s “duty to
defend”;
- What is a “reservation of rights” and
what are its consequences to insurer and
to insured; and
- Multiple theories of insurer extra
contractual liability (i.e. “Bad Faith” Law).
Language of Instruction:
English (legal terms,
however, are also given in Arabic and French).