Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should have a theoretical and practical understanding of the concept of risk financing; the range of techniques of risk financing available in todays' markets.
Synopsis Topics include the evaluation of risk; financing tools; retention and transfer; insurance; non insurance; pre and post loss funding; retention and self insurance decisions; insurance and reinsurance principles and practices for the corporate buyer; deductible selection models; management and administration of losses and insurance claims; institutional factors, accounting factors, including taxation and government incentives; captive insurance companies; international considerations; financial transfer by contract.
Assessment Modular assignments: 30% + Major assignment: 40% + Examination (3 hours): 30%