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INSURANCE AND RISK MANAGEMENT COURSE IDENTIFICATION AND APPLICATION INFORMATION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
BAY420 INSURANCE AND RISK MANAGEMENT 5 3 3 5

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)

Explain the concept of risk
Differentiate the the difference between the concept of insurance as a precaution against risk
Estimate the compensation to be paid in return for the damage to occur
Classify different risk concepts for insurance branches