Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Course ACE ID: AICP-0138 Organization's ID: ARM 56-G Organization: American Institute For Chartered Property Casualty Underwriters/The Institutes Location: Classroom-based Length: 11 weeks (44 -- 66 hours) Dates Offered: 1/1/2014 - 12/31/2016 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Graduate 3 Business Administration, Insurance, or Risk Management As of January 2014, students may not receive credit for both this course and Risk Financing (ARM 56). Description Section 3 Content Section 3 Content Left Section 3 Content Right Objective: The course objective is to provide the student with knowledge of risk financing techniques leading to elimination or minimization of financial consequences of losses and claims. Learning Outcomes: Formulate procedures leading to minimization of financial consequences of losses and claims by estimating the hazard risk and managing the risk through risk retention or transfer methods Utilize various categories of hazard risk financing plans Evaluate the relationship between characteristics of hazard losses and financing plans General Topics: The general course topics introduction to risk financing, estimating hazard risk, transferring hazard risk through insurance, self-insurance plans, retrospective rating plans, reinsurance, captive insurance, contractual risk transfer, transferring financial risk, transferring hazard risk to the capital markets, allocating costs of managing hazard risk Instruction & Assessment Section 4 Content Section 4 Content Left Section 4 Content Right Instructional Strategies: Case Studies Classroom Exercise Discussion Methods of Assessment: Examinations Quizzes Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Other offerings from American Institute For Chartered Property Casualty Underwriters/The Institutes Addressing Commercial Liability Risk (AICP-0052) Addressing Commercial Property Risk (AICP-0051) Claims in an Evolving World (AICP-0127) Connecting the Business of Insurance Operations (AICP-0053) Developing Personal Insurance Solutions (AICP-0098) Evaluating Commercial Underwriting Risks (AICP-0139) Exploring Reinsurance Products and Transactions (AICP-0104) Holistically Assessing Risk (AICP-0158) Impacting the Bottom Line of Insurance Financials (AICP-0056) Increasing Your Insurance IQ (AICP-0156) View All Courses Page Content