tailieunhanh - Lecture Risk management and insurance - Lecture No 1: Outline topics and risk in our society

In this chapter, the learning objectives are: This chapter’s objectives are to: Different definitions of risk, chance of loss, peril and hazard, classification of risk, major personal risks and commercial risks, burden of risk on society, techniques for Managing Risk. | Outline Topics and Risk in Our Society Lecture No. 1 1 Objectives Different Definitions of Risk Chance of Loss Peril and Hazard Classification of Risk Major Personal Risks and Commercial Risks Burden of Risk on Society Techniques for Managing Risk 2 Text Book Principles of Risk Management and Insurance, 12th Edition George Rejda Risk Management and Insurance, 12th edition, Trieschmann, Hoyt and Somer Text Books The Universal Principle of Risk Management: Pooling and Hedging of Risk Origins of concept of probability Multiplication rule, law of large numbers is basis of risk management Examples of risk pooling in operation Review of basic statistical and associated economic concepts: Expected utility theory, variance, covariance regression analysis Technology and Invention in Finance Financial institutions are inventions as much as engines are Once discovered, inventions copied around the world Relation to new information technology Evolving role of patent law Insurance: The Archetypal | Outline Topics and Risk in Our Society Lecture No. 1 1 Objectives Different Definitions of Risk Chance of Loss Peril and Hazard Classification of Risk Major Personal Risks and Commercial Risks Burden of Risk on Society Techniques for Managing Risk 2 Text Book Principles of Risk Management and Insurance, 12th Edition George Rejda Risk Management and Insurance, 12th edition, Trieschmann, Hoyt and Somer Text Books The Universal Principle of Risk Management: Pooling and Hedging of Risk Origins of concept of probability Multiplication rule, law of large numbers is basis of risk management Examples of risk pooling in operation Review of basic statistical and associated economic concepts: Expected utility theory, variance, covariance regression analysis Technology and Invention in Finance Financial institutions are inventions as much as engines are Once discovered, inventions copied around the world Relation to new information technology Evolving role of patent law Insurance: The Archetypal Risk Management Institution Private insurance institutions were invented after fire of London 1666 Role of discovery of probability theory in this invention The extension through time of insurance practice into increasingly more realms of human risk Modern insurance companies and their regulators Portfolio Diversification and Supporting Financial Institutions How risks are spread Covariance with market portfolio Beta Mutual fund theorem Investment companies and their management Efficient Markets and Excess Volatility Efficient Markets Hypothesis vs. Random walk Apparent inability of professionals to make money Warren Buffet and David Swensen: What does their experience prove? Behavioral Finance: The Role of Psychology Research in psychology Anomalies in finance Kahneman & Tversky: Prospect Theory Human Foibles, Manipulation and Regulation Louis Brandeis and insiders vs. outsiders Securities and Exchange Commission, 1934 The battle against fraud Regulation around the world Debt .

• Tài chính doanh nghiệp
• Risk management
• Lecture Risk management
• Financial institutions
• Classification of risk
• Personal risks
• Commercial risks
• Benefits of risk management
• Risk management process
• Valuation and Risk Models book 4
• Financial Risk Management
• Risk Management Lecture
• Foundations of Risk Management
• Risk defining risk
• Financial Markets and Products
• Valuation and Risk Models
• Financial Risk Management FRM book 1
• Enterprise risk management
• Insurance market dynamics
• Financial risk manager
• Financial risk
• Financial manager
• Market risk management
• Credit risk management
• Integrated risk management
• Investment risk management
• Probability distribution
• Application in risk management
• financial and regulatory contexts
• asset and risk management
• underlying theories of asset management
• asset management and risk management
• quản lý tài sản và quản lý rủi ro
• Project management
• Lecture Project management in practice
• Project risk management
• Risk identification
• Risk analysis
• Risk on society
• Techniques for managing risk
• Finance management
• Fundamentals of finance management
• Derivatives and risk management
• Derivative securities
• Fundamentals of risk management
• Using derivatives
• Thesis abstract Banking – Finance
• Improving credit risk management capacity
• Credit risk management capacity
• Risk management capacity at Techcombank
• Risk management capability
• Information technology project management
• Information technology project
• Risk management planning
• Qualitative risk analysis
• Quantitative Analysis book 2
• Financial Markets and Products book 3
• Managing spot risk
• Managing forward risk
• Managing vanilla options risk
• Managing exotic options risk
• Credit risk
• Ideally insurable risk