Use Enterprise Risk Analysis for Property & Liability Insurance Companies to form the basis for a one semester course for well-prepared graduate students in finance or financial engineering, or as a two semester course for students with a basic background in calculus-based probability and statistics with other background material filled in as needed. An intermediate possibility is to leave out the few sections that are specific to property-liability insurance only for a single semester course with some additional financial and statistical background added.

The structure for a single semester 12-week course is outlined below. This can be adapted to the other alternatives as desired.

Week 1: Introduction and overview - based on Chapter 1

Theme One: Applications of Enterprise Risk Analysis

Week 2: Decision making, strategic planning, and risk adjusted profit - based on 2.1 and 2.2

Week 3: Regulation, solvency and asset-liability management - based on 2.3 and 2.4

Week 4: Reinsurance for risk management - based on 2.4

Week 5: Risk management in a financial context - based on 2.5

Theme Two: Risk Modeling

Week 6: General issues - estimation risk and dependencies - based on Chapter 3

Week 7: Strategic and operational risk - based on Chapter 4

Week 8: Heavy-tailed distributions - based on 5.1

Theme Three: Property & Liability Insurance Issues

Week 9 - Loss reserving - based on 5.2

Week 10 - Reserve ranges - based on 5.3

Week 11 - Market cycles - based on 5.4

Week 12 - Introduction to credit and investment market risk - based on 5.5

Chapter List

Enterprise Risk Analysis for Property & Liability Insurance Companies is available for bulk purchase by college bookstores and other interested parties in quantities over 25. For details and pricing information, please download this order form or write to ermbook@guycarp.com.

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