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MN50497: Strategy, risk & insurance

Academic Year: 2018/9
Owning Department/School: School of Management
Credits: 6      [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Period:
Modular (no specific semester)
Assessment Summary: CW 100%
Assessment Detail:
  • Coursework (CW 100%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites:
Description: Aims:
The course aims to provide students with an understanding of the principles and function of insurance and insurance markets in society and economy.

Learning Outcomes:
By the end of the unit students should be able to:
* Determine the operational and strategic role of insurance in companies.
* Develop a risk management strategy that takes insurance solutions into account.
* Recognize and evaluate the wider macroeconomic and societal role of insurance markets.

Skills:
Intellectual, practical and transferable skills that will be acquired during the course will include:
* The ability to identify, measure and assess corporate risk exposures
* The application of insurance (risk transfer) solutions to practical operational and strategic risk management problems.
* The awareness of current issues in global insurance markets and their potential commercial and public policy impacts.
* The development of in-depth research skills and critical appraisal capabilities in the formulation of risk management strategies.

Content:
The course will cover areas such as:
* The principles and theory of risk and insurance.
* The historical development and current role of (re)insurance markets.
* The financial management function of corporate insurance.
* The strategic role of insurance and risk management.
* Insurance products, regulation and future developments (e.g., alternative risk transfer).
* Insurance and economic development. 		Before taking this module you must take MN50339 AND take MN50340 AND take MN50341 AND take MN50342 AND take MN50343 AND take MN50344 . Students may find it useful to take complementary unit MN50219 whilst taking this unit.
Programme availability:

MN50497 is Optional on the following programmes:

School of Management

Notes:

  • This unit catalogue is applicable for the 2018/19 academic year only. Students continuing their studies into 2019/20 and beyond should not assume that this unit will be available in future years in the format displayed here for 2018/19.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Undergraduates: .
  • Postgraduates: .