This course introduces students to the fundamental principles of risk management and insurance. It covers the nature and types of risk, people's attitudes towards risk, and the costs associated with risk exposures. Students will explore risk management processes, methods, and the roles of various agents. The course also examines risk detection, evaluation, control, and financing strategies, along with the importance of quality control in risk management. Successful completion will equip students with the knowledge to manage risk in organizations.
Take a practice test or generate AI study notes to help you excel in this course.
Everything you need to know about this course
Key areas covered in this course
No specific requirements needed
This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.
How your progress will be evaluated (3 methods)
Comprehensive evaluation of course material understanding
Comprehensive evaluation of course material understanding
Comprehensive evaluation of course material understanding
Explore the career paths this course opens up for you
Apply your skills in this growing field
Apply your skills in this growing field
Apply your skills in this growing field
Apply your skills in this growing field
Apply your skills in this growing field
Real-world sectors where you can apply your knowledge
A structured 13-week journey through the course content
This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.
Expert tips to help you succeed in this course
Review all unit summaries and key terms to reinforce understanding of core concepts.
Create concept maps linking different types of risks (Units 2 and 6) to their corresponding management strategies (Units 8 and 9).
Practice applying risk assessment techniques (Unit 12) to real-world scenarios, focusing on calculating composite risk indices.
Focus on understanding the roles and responsibilities of risk managers (Unit 10) and their interaction with other departments.
Prepare detailed notes on risk financing methods (Unit 14), including self-funding, captive insurers, and alternative risk transfer mechanisms.
Allocate study time proportionally based on the weight of each module in the final examination.
Review all Tutor-Marked Assignments (TMAs) and incorporate feedback into your study notes.
Practice time management by simulating exam conditions and answering past questions within the allocated time.
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