RMI2101-Syllabus-Spring2011 - opportunities and...

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TEMPLE UNIVERSITY THE FOX SCHOOL OF BUSINESS RMI 2101 - I NTRODUCTION   TO  R ISK  M ANAGEMENT   AND  I NSURANCE S ECTION  005 – MWF 9:00 – 9:50 - CRN 066830 S ECTION  009 – MWF 10:00 – 10:50 – CRN 066875 S PRING  2011 R. B. Drennan, PhD Associate Professor and Chairman Department of Risk, Insurance and Healthcare Management Office Main Campus:  628 Alter Hall University Office Telephone: 215 204 8894 E-mail: [email protected]   Office Hours: Monday, 1:30 – 2:30; Wednesday, 2:15 PM – 3:15 PM.   Other office hours by scheduled appointment C OURSE  O VERVIEW   AND  P RE -R EQUISITES     C OURSE  O VERVIEW     Risk  is said to include an uncertain outcome and the possibility of a loss . All   firms   and   individuals   are   exposed   to   conditions   or   situations   that   present   the  possibility of a loss.  Financial and non-financial losses may be incurred due to property  loss,   liability   loss,   personal/human   losses,   personnel   losses   (for   a   firm),   lost 
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Unformatted text preview: opportunities, and reputation/goodwill loss. Risk management is the study of tools and techniques to handle these risks or uncertain losses. Risk management involves the systematic identification of exposures to loss, selecting among various alternatives to manage or finance losses and implementing those decisions. The recent evolution of Enterprise Risk Management (ERM) has elevated risk management to the strategic level in many firms. Chief Risk Officers are now becoming RMI 2101 Syllabus Fall 2011 Page 1 of 2 common in large organizations. These recent strategic level developments highlight the growing importance of risk management and ERM in the business environment. RMI 2101 Syllabus Fall 2011 Page 2 of 2...
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RMI2101-Syllabus-Spring2011 - opportunities and...

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