Objectives
Module participants are expected to:
- understand the specifities of the financial field in terms of both products and risk management strategies,
- understand insurance aspects and insurance contracts,
- understand the concepts and theories of credit risk (Portfolio, Derivatives, Ranking), and
- be able to apply the mechanics and techniques of the assessment, quantification and management of credit risk
Target Attendees / Participants
Students of Steinbeis Master of Business Administration
Course Content by Units
Fundamentals of corporate finance
Quantitative risk management
Modeling and estimation of risk: Insurance vs. financial hedging
Financial hedging of commodity and currency risk
Performance of goodness-of-fit tests
Introduction to Enterprise Risk Management and Insurance and Risk Identification
Insurance Markets and Regulations
Credit Ranking
Credit Scoring and Modelling Default
Credit Risk Portfolio Model
Credit Derivatives
Bankruptcy
Scenario Analysis
Simulation techniques
Teaching Methods
The module includes:
- introductory note explaining the aim and structure of the courses, as well as the methodology used,
- ex cathedra lecturing following the defined units,
- number of computational examples for each unit,
- case study from an insurance company, and
- one individual and several group exercises.
Literature
Defined in the courses
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