BE 440 - Risk Management and Insurance
Section: 001
Term: WN 2010
Subject: Business Economics and Public Policy (BE)
Department: Ross School of Business
Requirements & Distribution:
Waitlist Capacity:
Advisory Prerequisites:
MATH 115, junior standing, and permission of instructor.
This course counts toward the 60 credits of math/science required for a Bachelor of Science degree.
May not be repeated for credit.
Primary Instructor:

Background and Goals: This course is designed to allow students to explore the insurance mechanism as a means of replacing uncertainty with certainty. A main goal of the course is to explain, using mathematical models from the theory of interest, risk theory, credibility theory and ruin theory, how mathematics underlies many important individual and societal problems.

Content: We will explore how much insurance affects the lives of students (automobile insurance, social security, health insurance, theft insurance) as well as the lives of other family members (retirements, life insurance, group insurance). While the mathematical models are important, an ability to articulate why the insurance options exist and how they satisfy the consumer's needs are equally important. In addition, there are different options available (e.g. in social insurance programs) that offer the opportunity of discussing alternative approaches.

Alternatives: none Subsequent Courses: none

BE 440 - Risk Management and Insurance
Schedule Listing
001 (LEC)
TuTh 11:30AM - 1:00PM
NOTE: Data maintained by department in Wolverine Access. If no textbooks are listed below, check with the department.

ISBN: 0131449583
Introduction to risk management and insurance, Author: Mark S. Dorfman., Publisher: Pearson Prentice Hall 8th ed. 2004
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