0001. Introduction to Risk Management (3 s.h.) F S SS.

Prerequisite: Completion of either Economics C051 or C052, Statistics 0011 [or equivalent] and sophomore standing.

Introduction to the study of risk management and insurance. Principal casualty risks to which organizations are exposed, including those involved in employee benefits. Means of identification, evaluation, and treatment of these risks are analyzed, with the methods of treatment including insurance, risk retention, self-insurance, and loss control.

0091. Honors Introduction to Risk Management (3 s.h.) F S.

Prerequisite: Completion of either Economics C051 or C052, Statistics 0011 [or equivalent] and sophomore standing.

This is the Honors section of Risk Management and Insurance 0001.

0205. Life and Health Insurance and Employee Benefits (3 s.h.) F S.

Prerequisite: RMI 0001 or RMI 0091 with a grade of at least a C.

The purpose of this course is to expose students to the design, financing, and structure of employer provided benefit plans. Virtually every employer offers some type of employee benefits in addition to salary as compensation for their employees. These have received increasing attention in recent years for several reasons including increased government regulation of employee benefit plans, increased cost of providing these benefits and increasing complexity of preserving favorable income tax treatment for these plans. We will primarily examine those benefits commonly known as Health and Welfare Benefits. These include the traditional benefits such as life, health and disability insurance in addition to dental, vision and prescription drug plans, HMOs, PPOs and other managed care systems. Emphasis will be on the design and structure of these plans, current problems and issues associated with the provision of these benefits.

Note: This course is one of two required courses for all RMI majors.

0209. Property and Liability Insurance Coverages (3 s.h.) F S.

Prerequisite: RMI 0001 or RMI 0091 with a grade C.

This course evaluates property, net income, and liability loss exposures, analysis of insurance contracts, and specific insurance coverages designed to handle the above exposures.

Note: This course is required for all RMI majors.

0288. Co-op Experience in Risk Management and Insurance (3 s.h.) SS.

Prerequisite: RMI 0001 or RMI 0091 with a grade of B or better or an overall GPA of at least 3.0.

Students undertake a research project that integrates their current work experience with their classroom experience at Temple University. The results are reported in a paper prepared under the supervision of a faculty member.

Note: Arrangements are made through the Department of Risk Management and Insurance. This course is open to RMI and Actuarial Science majors only. This course may NOT be used as a course toward the RMI or Actuarial Science major.

0325. Retirement Plans (3 s.h.) F S.

Prerequisite: Completion of RMI 0205 with a grade of C or better..

Contemporary fundamentals of pension plans. Major subject areas covered include history and development, plan design, actuarial aspects (costs and funding), investment of plan assets, and plan termination insurance. Provides an understanding of the types of individual account retirement plans available. Discussed are profit-sharing plans, thrift and savings plan, cash or deferred arrangements, employee stock ownership and stock bonus plans, individual retirement accounts, simplified employee pensions, tax-deferred annuities, and executive retirement arrangements. Certain functional areas applicable to all types of retirement plans such as taxation, plan installation, disclosure, and fiduciary aspects are also discussed.

Note: This course is one of two courses satisfying the Technology Requirement for RMI majors.

0329. Property and Liability Insurance Operations (3 s.h.) F S.

Prerequisite: Completion of RMI 209 with a grade of C or better..

Functional insurance areas of rate making, underwriting, marketing, loss control, and claims are studied. Insurance company financial structure and operations analysis are included.

0339. Actuarial Applications in Risk Management and Insurance (3 s.h.) F S.

Prerequisite: RMI 0001 with a grade of C, Statistics 0022 and Finance 0103.

Applies theoretical models to insurance problems and is the real-world counterpart to theories discussed in actuarial science, risk management, and insurance courses. The course is divided into two parts: (1) statistical applications and (2) finance and economic applications. Discusses probability distributions frequently used to model losses and inferences which can be made from claims data (e.g., goodness-of-fit and experience rating). The finance section includes application of portfolio theory to the value of the firm (with and without insurance) to reinsurance decisions and captive insurance situations.

Note: This course is one of two courses satisfying the Technology Requirement for RMI majors. RMI 0339 also satisfies the Technology Requirement for students double majoring in RMI and Finance.

W355. Advanced Topics in Health and Welfare Employee Benefits (3 s.h.) F. Core: WI.

Prerequisite: RMI 0205 with a grade of C or better.

The goals of this course are to expose students to certain advanced topics in the design of health and welfare employee benefit plans; to improve the ability of students to work in groups and teams on common projects; to improve the writing ability of students through the use of a term paper completed by each student and the completion of a case study written with a group; and to improve the oral presentation skills of students through a presentation of the results of their particular case study. We will examine several major advanced issues in the operation and design of health and welfare employee benefit plans. These include the design and use of group term and permanent life insurance products, group disability income insurance, advanced alternative funding arrangements such as experience rating and minimum premium arrangements, cafeteria and flexible benefit plans under Section 125, benefits provided under the Transportation Equity Act (TEA) and miscellaneous benefits such as leave benefits such as FMLA and PTO.

Note: This course is one of two Capstone Courses for RMI Majors.

W359. Global Corporate Risk Management (3 s.h.) F S. Core: WI.

Prerequisite: Completion of RMI 0209 and RMI 0329 with a grade of C or better in both and graduating senior status.

This course examines the risk management process in detail and its application in a global/international firm. It will apply principled holistic risk management (pure and speculative risk) and why organizations have risk managers. Discussion will include the administrative and strategic aspects of global corporate risk management examining how a risk manager operates within a complex organization. The application of sophisticated and cutting edge risk management tools will be discussed such as risk mapping, loss forecasting, application of total quality management principles, integrated risk financing, financial reinsurance, captives/risk retention groups, and benchmarking. The course does examine the specific issues of managing risk internationally and other pertinent issues faced by risk managers.

Note: This course is one of two Capstone Courses for RMI Majors.

0395-0396. Independent Study (1 - 6 s.h.) F S SS.

Prerequisite: Consultation with faculty member and approval of the department chairperson.

Individually arranged each semester.