Department

Finance

Course Code

FIN 240

Course Title

Principles of Risk & Insurance

Course Credit

3 hours

Prerequisite Course

FIN 200

Course Level

Elective course.

Course Description

The objective of this course is to introduce the students to: risk in our society, types of risks, methods of dealing with risk, steps to manage risk, the legal principles of insurance and analysis of insurance contracts, types of insurers and marketing systems. The course also covers operations of insurance companies; which include: rate making, underwriting, production, claim settlement and reinsurance, and insurance pricing.

Course Material

Principles of Risk Management and Insurance, George E. Rejda, Latest edition.

Reading Recommendation

Websites of national and international financial organizations like SAMA, CMA, TADAWUL, NYSE, LSE, TSE, BIS etc

Some insurance related web based learning may be desirable.

Financial newspapers & journals like Wall street, Financial times etc.

Risk Management & life Insurance, Mamdouh Hamza Ahmed, Latest edition.

Course Language

English