European Master and Certification Program
in Risk Engineering and Management

FRME1
Business Continuity and Financial Risks

Course code: 128042
Language of instruction: English
Duration of the course: 34 days (306h)
Lecturers: Prof. Dr. Dr. h.c. Dirk Linowski (Steinbeis University Berlin), Ph.D. Reto Schneider (SWICA Gesundheitsorganisation)
Assessment: Written Exam Transfer Paper*
Credit points: 5 CPs

Short description

Fundamental theories of actuarial science in insurance are presented. It shows how to make business decisions and generate ‘reasonable’ solutions by applying the presented models and theories. The module enables participants to understand and use the mechanics and techniques of the assessment, quantification and management of credit risk in the banking, insurance, asset management and enterprise environment. The aim of the module is to understand and implement the basic concepts, methods, products and measurement techniques of financial risk. Practical examples with the state-of-the art tools are applied by each student in terms of self-study and independent work.

Objectives

Module participants are expected to:

 

- understand the specifities of the financial field in terms of both products and risk management strategies,

- understand insurance aspects and insurance contracts,

- understand the concepts and theories of credit risk (Portfolio, Derivatives, Ranking), and

- be able to apply the mechanics and techniques of the assessment, quantification and management of credit risk

Target Attendees / Participants

Students of Steinbeis Master of Business Administration

Course Content by Units

Fundamentals of corporate finance

Quantitative risk management

Modeling and estimation of risk: Insurance vs. financial hedging

Financial hedging of commodity and currency risk

Performance of goodness-of-fit tests

Introduction to Enterprise Risk Management and Insurance and Risk Identification

Insurance Markets and Regulations

Credit Ranking

Credit Scoring and Modelling Default

Credit Risk Portfolio Model

Credit Derivatives

Bankruptcy

Scenario Analysis

Simulation techniques

Teaching Methods

The module includes:

- introductory note explaining the aim and structure of the courses, as well as the methodology used,

- ex cathedra lecturing following the defined units,

- number of computational examples for each unit,

- case study from an insurance company, and

- one individual and several group exercises.

 


Literature

Defined in the courses


For more information about the European Master and Certification Program in Risk Engineering and Management in general, go the Homepage.
For more information about the European Master Program in Risk Engineering and Management in general, go the Master Study page.
To see more courses in the curriculum, go to The curriculum page, or by date and topic go to the Calendar of Courses page.
Contact: via email sti889@risk-technologies.com or phone +49 711 1839 781 or +49 711 1839 647
(Course profile ID: FRME1, generated on November 19, 2018)