Mar 29, 2024  
2017-2018 Undergraduate Catalog 
    
2017-2018 Undergraduate Catalog [ARCHIVED CATALOG]

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SHM 456 - Risk Financing for Safety and Health Management


Description:
This course provides students with a comprehensive overview of the techniques (blend of retention and transfer) used by safety, health, and risk management professionals to finance or pay for the negative consequences of risk events. Course will be offered every year (Spring).

Credits: (4)

Learner Outcomes:
  • The student will be able to describe risk financing, common risk financing goals, and its importance to organizations.
  • The student will be able to explain how to analyze, evaluate, and estimate expected losses arising from hazard risks.
  • The student will be able to explain the purpose and operation of insurance, and how insurance benefits individuals, organizations, and society.
  • The student will be able to, given a case, justify a self-insurance plan that can meet an organization’s risk financing needs.
  • The student will be able to describe the purpose and operation of the following insurance plans: self-insurance, retrospective rating, reinsurance, and captive insurance.
  • The student will be able to describe the types of contractual risk transfer for hazard risk.
Learner Outcomes Approval Date:
Approved Fall 2017



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