Explore how to select, implement, and monitor risk financing techniques—methods that an organization can use to obtain funds to pay for accidental losses. Topics include risk financing objectives, types of risk financing plans, insurance as a risk financing technique, capital market products for risk financing, forecasting accidental losses and risk financing needs, accounting and income tax aspects of risk management, and allocating risk management costs.
What will I learn?
After completing this course, you should be able to do the following:
- Understand the usefulness of insurance as a risk financing technique
- Apply loss forecasting to select from various risk financing alternatives
- Understand various risk financing techniques, including self-insurance, retrospective rating plans, reinsurance, captive insurance plans, and finite and integrated risk plans
How will I learn?
This course may consist of a combination of lectures, workshops, case studies, examinations, projects, papers, assignments and group presentations.
This university-level course requires at-home study and preparation. You can expect reading and other assignments on a weekly basis.
How will I be evaluated?
We'll evaluate your performance in this course using a combination of in-class or take-home assignments, exams, individual or group projects, participation and attendance.
Textbooks and learning materials
Course fees do not include textbooks or other materials, which you may purchase from the SFU Bookstore. We recommend you purchase your textbooks as soon as you've registered. Quantities are limited at the bookstore.
Risk Financing by The Institutes Risk and Insurance Knowledge Group (2012, 6th ed., ISBN: 9780894622717).
ARM 56 Course Guide by The Institutes Risk and Insurance Knowledge Group (2012, 6th ed., ISBN: 9780894622700).
Review Notes (ISBN: 9780894622724)
You will access other course materials using SFU's online course management system, Canvas. You will receive course details and Canvas access instructions on the first day of the course. You can check if your browser is compatible with Canvas here.
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