Suffolk University – Sawyer Business School FIN 313 - AE ● General Insurance Fall, 2013 ● TUE ● Sawyer 1023 Instructor : Pr. Yelena Walsh Email : [email protected] Telephone : 617-872-3122 Office : 73 Tremont Street # 7067 Office Hours : Tuesday from 6:00 to 7:00 pm by appointments Course Description Theory, practice and problems of risk-bearing in business and personal pursuits including life, property and casualty insurance and dealing with contract analysis and investments as well as corporate risk management. Prerequisites : None Credit Hours 3 : Students must spend an average of 9 hours per week inside and outside of class for 15 weeks. Course Goals & Learning Objectives : Upon successful completion of this course, students will know/understand: Upon successful completion of this course, students will be able to: How the student will be assessed on these learning outcomes Provide both a theoretical and practical foundation for understanding Insurance and its handling of risk. Define risk and explain the major techniques for managing risk. Class work Homework cases Quizzes Final exam Understand the basic characteristics of insurance and its costs. Apply the law of large numbers to calculate future losses Class work Homework cases Apply the principles of risk management to a personal risk management program. Identify four steps of the risk management program Class work Homework cases Understand the reasons for reinsurance and the various types of reinsurance treaties To be able to give recommendations concerning the type of reinsurance plan to use. Class work Homework cases Understand how to estimate the amount of life insurance to own Estimate the amount of insurance of life insurance to own by using three different approaches (human life value approach, needs approach and capital retention approach) Class work Homework cases Understand the guidelines to follow when purchasing individual health insurance Identify seven rules for purchasing health insurance (insure for catastrophic loss, consider group health insurance, purchase a policy that has a preferred provider network, disability insurance Class work Homework cases Auto Insurance Understand the various types coverage in the Personal Auto Policy (PAP) Class work Homework cases Homeowners Insurance Be able to give suggestions that consumers should follow when shopping for a homeowners policy Class work Homework cases Other types of Property and Liability Insurance Coverage Be able to explain the major characteristics of a personal umbrella policy, know the basic characteristics of title insurance, explain the basic provisions of the National Flood Insurance Program Class work Homework cases Page 1 of 10 SYLLABUS SUBJECT TO CHANGE
Suffolk University – Sawyer Business School FIN 313 - AE ● General Insurance Fall, 2013 ● TUE ● Sawyer 1023 Upon successful completion of this course, students will know/understand:
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