REINSURANCE

RMI 700

Nature of risk, principal techniques of risk management, including insurance markets, and the bases for decision-making in managing risk effectively.

RMI 645

Consideration of the structure, use, benefits, and limitations of corporate insurance products. Fundamental to the material is the economic underpinning of the insurance contract structure. The major commercial property and liability insurance products will be analyzed in detail with the purpose of illustrating these economic principles and applying them to specific organizational situations.

RMI 640

Functional analysis of the operations of insurance organizations; legal organization, marketing systems, management and control, underwriting, rating, financial analysis, rate making and regulation.

RMI 655

Study of advanced risk management tools and markets for financing loss costs. Topics include: insurance, self-insurance, retrospective premium plans, risk retention and purchasing groups, reinsurance, insurance subsidiaries (captives), and other policyholder-owned facilities.

RMI 635

Examines how captive insurance works, the different structures of captives, and advantages and disadvantages of their use in various settings. In addition, the captive feasibility process, as well as techniques for measuring financial performance, will be covered.