RMI-206 Emerging Risks

Course Overview

This course is designed to give greater in-depth coverage to those emerging risk management and insurance topics that are not covered in other risk management classes. Topics included will be a multiple of emerging risks. Risk Management is not just about managing risks in the present or understanding the risks from the past. The “new” risk management in a digital world is about anticipating future risks to be certain we will be in a position to deal effectively with them. The challenge is that these risks may only reveal themselves in full to future generations. The key is to study them now and plan for the future. The future of risk management will rest in the knowledge, technology, creativity, and an action plan on how to manage these risks. There are also many questions. Here are a few: How will insurance companies respond to these new risks? Will there be new insurance products? How will the actuaries price these new products? Will the insurance industry understand these risks? How will the current insurance policies respond to a loss from an emerging risk? Who will be held liable?

Faculty