Official NUC CCMAS syllabus

INS 301 — Risk Management I

INS department course · Nigerian universities

What you'll be able to do (official learning outcomes)

• explain the concept of risk management
• identify various classes of risks
• recognize risk management process
• describe the various risk treatment techniques
• apply statistical tools to analyze risks affecting insurance and other business firms; and
• utilize the concept of loss distribution, pooling arrangement and diversification in making decisions

Course contents

Definition of some important concepts of risk. Classification of risks. Peril Versus Hazard. Risk and Human Behavior. The cost of risks for households, firms and society. The aim of risk Management. Corporate Risk Management. Objectives of Business Risk Management. Risk Management Process. Risk Management Vs Insurance Management.

Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study INS 301.

More INS courses

• INS 101 · Introduction to Insurance
• INS 102 · Principles and Practice of Insurance
• INS 201 · Law of Tort
• INS 202 · Insurance Underwriting Management
• INS 203 · Life Assurance
• INS 204 · Systems Analysis and Design
• INS 205 · Insurance Broking
• INS 207 · Introduction to Information Systems
• INS 302 · Risk Management II
• INS 303 · Property and Pecuniary Insurance I
• INS 304 · Property and Pecuniary Insurance II
• INS 305 · Management Theory