Learning objectives
The course intends to analyse the main themes regarding pure business risks from the perspective of both their successful management, with evaluation of the alternatives between retention and insurance transfer, and the creation of value for the shareholder. The investigation perspective is essentially economic-financial, so as to provide insurance skills to those who, inside (administrative and financial directors and risk managers) or outside of businesses (consultants, brokers and experts), must tackle the complex problem of protecting the assets and earning power of a business.
Prerequisites
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Course unit content
<br />Risks in the business. Taxonomy of corporate risks from the balance sheet point of view. Risk analysis logics. Risk management approaches. The risk identification process. The risk assessment process. The risk management process. Retention and insurance. Asset risks. Business interruption risks. Civil liability risks. Capital estimate. Reinsurance and the reinsurance market. Captive insurance companies. Risk management and creation of value for shareholders.
Full programme
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Bibliography
<br />Textbooks<br />Cacciamani, C., Rischi puri e valore di impresa, Edizioni Goliardiche, Milano, 2004.<br />Cacciamani, C., Il rischio da interruzione dell'attivita di esercizio, EGEA, Milano, 2001.<br />Pignolo, P., La gestione e la ritenzione del rischio d'impresa, Franco Angeli, Milano, 2002.
Teaching methods
<br />The course gives an active education, based not only on the teaching of the technical and theoretical elements of the subject, but also on cases and contributions of leading figures from insurance companies and of risk managers and consultants from international companies.<br />The learning progress of the students is assessed through an oral examination.
Assessment methods and criteria
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Other information
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