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 |
6 |
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 |