Principles of Risk Management and Insurance
- 8 Weeks
- $900.00
- Online - Hybrid
Course starts Wednesday, February 19th.
Overview
Master the essentials of Risk Management and Insurance with our comprehensive course. Learn to analyze data, think critically, and generate meaningful insights to understand and manage financial risks effectively. Gain a sought-after skill that employers across all industries value for driving informed decisions and safeguarding business success. Elevate your career potential with expertise in risk management—your pathway to success in today's dynamic business landscape!
Sarah A. O’Connor is an experienced Chief Legal Officer who retired as Senior Vice President, Strategic Development and Chief Legal Officer of Arch Chemicals, Inc. Throughout her career, Ms. O’Connor was an attorney for American Home Products Corporation (now part of Pfizer), The Reader’s Digest Association, Inc., and Olin Corporation. She became Arch Chemicals’ General Counsel and a member of the Executive Management Team, when the company was spun-off from Olin Corporation.
In addition to her legal responsibilities, she led Arch Chemicals’ strategic planning activities as well as regulatory affairs, enterprise risk management and government relations. Ms. O’Connor was instrumental in many of the company’s acquisitions and subsequent integration and divestiture activities. Her final responsibility at Arch was to lead the team who negotiated the sale of the company to Lonza.
Ms. O’Connor received a Bachelor of Science degree from Mercy College. She earned a Juris Doctor degree from Fordham University School of Law and a Master of Business Administration degree from Columbia University.
Ms. O’Connor served on the Board of Quotient, Ltd. (NASDAQ: QTNT) from July 2014 to October 2020. She was the chairperson of the Nominations & Governance Committee and a member of the Audit Committee.
Ms. O’Connor has been a member of the Board of Trustees of Mercy College since January 2018, where she is also an adjunct professor, teaching business law and management courses. She is also a member of the Board of Trustees of St. Rose HS in Belmar, NJ.
- The course is asynchronous, instructor-led by an expert in the field of Risk Management and Insurance.
- The program is presented over eight modules.
- Students should expect to invest 6 to 10 hours per week over 8 weeks to complete this course.
- Ongoing academic support is available for students.
You will have five key activities in each module: chapter readings, PowerPoint reviews, interactives to explore the content, case studies, and question sets.
| Module | Readings | Activities |
| 1. What Is Risk and Risk Management? This module will start with the concept of risk: how to identify risk, how to evaluate risk, how to analyze and recommend how to mitigate a risk. To be able to come up with solutions to deal with risks, we will explore the core principles and provisions of insurance products and contracts, including legal frameworks. |
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| 2. Types of Insurers and Their Operation This module will cover a variety of risk management techniques, as well as both insurance and non-insurance solutions. We will survey the insurance industry and how it is organized, managed, and regulated. |
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| 3. Automobile and Homeowners Insurance In this module, we will delve into the fundamental concepts of insurance, risk management, and key insurance products. Insuring things we use, such as our home, apartment, car, or other belongings, is a crucial part of achieving financial objectives. You will see how this principle applies to individuals, families, and businesses. |
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4. Life Insurance In this module we explore the fundamental aspects of life insurance, its products, contractual provisions, costs, and taxation. Insuring a person’s life and health are critical to protecting against the risk of “life and limb.” Understanding the structure of life and health insurance products will help you align the right product at the right price at the right time. |
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5.Commercial Property Businesses face a unique set of risks as compared to individuals. Providing a product and/or a service can expose a business to risks such as liability, property loss, equipment loss/interruption, and employees’ activities. |
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6. Annuities and Individual Retirement Accounts
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| 7. Healthcare Reform Health insurance has undergone a series of significant changes over the last 20 years, including the ACA law. Understanding how new laws and regulations have impacted products and providers will help you plan for the future. |
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| 8.Employee Benefits Employers play a very important role in providing benefit plans to employees. Health insurance, life insurance, disability insurance, retirement plans (pensions/ 401(k)), and wellness plans are some of the key benefits provided or sponsored by employers for the benefit of their employees and their families. |
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What will you learn?
Gain a fundamental understanding of the types of risks faced by individuals and businesses, along with the possible methods of mitigating and dealing with these risks.
Understand how life, health, and property/casualty insurance companies are organized, structured, and managed and how they compare with other financial institutions.
Demonstrate an understanding of various types of insurance products and contracts, including life, health, retirement, and property/casualty insurance.
Communicate insights into the use of certain insurance applications and products versus other risk management techniques.
Master the basics of transforming data into meaningful insights through the “what,” “so what,” and “now what” framework.