Enterprise Risk Management - ACS 632

Identify risk categories (financial, operational, insurance, strategic and systematic); Accounting concepts used in insurance companies, financial and non-financial institutions; Risk exposure quantification through the use of risk metrics in integrated risk management. Theory and practice of extreme value theory in modeling risk; Risk management through selection of appropriate risk retention level, weighing the cost and benefit of risk transfer and developing appropriate choice of hedging strategy; Enterprise risk management framework and ERM process.