Avainsanat

Osaamistavoitteet

This graduate course teaches students the principles of risk management in financial institutions and how they are regulated. Regulatory requirements from Solvency II (Insurance) and Basel III are reviewed. Based on these minimum requirements the process of determining economic capital is taught. The students understand what kinds of risks are present in various insurance classes and how to manage those risks using state-of ?art techniques. Especially, risk measurement methods and scenario analysis is studied. Various internal and external reporting requirements are summarized.

Sisältö

- What is risk management
- How to organize risk management function
- Concept of risk
- Economic capital
- Value at Risk ? framework
- Credit and market risk
- Insurance related risks

Opetuskieli

Arviointi

Kirjallisuus/Oppimateriaali

1. Hull, J.: Risk Management and Financial Institutions. 4.painos. 2015 or newer.

2. De Weert, F: Bank and Insurance Capital Management. 2011 or newer.

3. Zweifel, P. - Eisen, R.: Insurance Economics. Springer 2012 or newer.

4. Other assigned material (if lectures will be organized).

Lisätietoja

This course is organized in every other academic year. Next execution will be 2018-2019.

Kokonaisuudet johon opintojakso kuuluu

2018–2019

Opintojakso opetusohjelmassa

Opetusohjelma ei ole enää voimassa. Tarkista tiedot voimassa olevasta opetusohjelmasta.

KATVRS52 Risk Management and Supervision of Financial Institutions