Operational and Financial Analysis for Insurance Professionals
Y52.3600
Credit:
Management and Information Technology
In today's ever-changing and risk-oriented work, insurance plays a very vital role in protecting against unforeseen problems. To most people, insurance is a matter of writing a check once a month and hopefully never having to file a claim. But the inner workings of the insurance industry are quite complex given our current economic environment. Gone are the days of simply investing in bonds and matching durations. Today's environment requires a far more complex Asset Liability Management ('ALM') structure to help quantify and manage risk. This course is is intended to provide an introduction into what risk management means in the insurance industry. At the end of the course, students will be expected to have learned the fundamental financial tools and techniques necessary to be an effective risk manager in the insurance industry. Topics include (but are not limited to) accounting/finance theories and concepts; time value of money, financial product knowledge, risk management terms and techniques, operational risk management, ALM, and actuarial sciences. Students will learn fundamental financial concepts through real world group assignments, problem solving and term projects. The student who successfully completes this course will have the ability to: understand the fundamental concepts of financial products including both cash products and their respective derivatives, asset liability management, and actuarial sciences as well as fully understand the operational, legal and regulatory issues that affect the insurance industry.
To register for this course you must be an admitted student in an NYU credit or degree program or have special student status. Admitted NYU credit or degree students may visit NYUHome to register through ALBERT. To apply to an NYU-SCPS credit or degree program, call (212) 998-7100.
