Note from June 29, 2020
Although we do not yet know how long the social distancing related to the Covid-19 pandemic will last, and regardless of the changes that had to be made in the evaluation of the June 2020 session in relation to what is provided for in this learning unit description, new learnig unit evaluation methods may still be adopted by the teachers; details of these methods have been - or will be - communicated to the students by the teachers, as soon as possible.
Although we do not yet know how long the social distancing related to the Covid-19 pandemic will last, and regardless of the changes that had to be made in the evaluation of the June 2020 session in relation to what is provided for in this learning unit description, new learnig unit evaluation methods may still be adopted by the teachers; details of these methods have been - or will be - communicated to the students by the teachers, as soon as possible.
3 credits
15.0 h
Q2
Teacher(s)
De Longueville Philippe;
Language
English
Prerequisites
English knowledge, level of course LANGL1330.
Knowledge of the actuarial and risk management concepts at the level of the courses:
The prerequisite(s) for this Teaching Unit (Unité d’enseignement – UE) for the programmes/courses that offer this Teaching Unit are specified at the end of this sheet.
Knowledge of the actuarial and risk management concepts at the level of the courses:
- Actuariat des assurances dommages (LACTU2010)
- Actuariat de l'assurance-vie (LACTU2030)
- Quantitative Risk Management (LACTU2210)
- Mathématiques financières (LINMA2725)
The prerequisite(s) for this Teaching Unit (Unité d’enseignement – UE) for the programmes/courses that offer this Teaching Unit are specified at the end of this sheet.
Main themes
Enterprise Risk Management.
Aims
At the end of this learning unit, the student is able to : | |
| 1 |
Contribution of the course to learning outcomes in the Master in Actuarial Sciences programme. By the end of this activity, students will have made progress in:
|
The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
Content
Introduction
Chapter 1: Risk Management in Context
Chapter 1: Risk Management in Context
- Introduction
- Lessons learned
- Concepts and Processes
- Corporate governance – general
- Best practices
- Linking corporate governance and ERM
- Corporate governance and Solvency II
- The Risk Management function – the CRO
- Own Risk and Solvency Assessment (ORSA)
- Optimal reinsurance
- Project management
Teaching methods
The course consists of 7 courses, extra readings (discussed during the courses), a case study and a Q&A session at the end.
Evaluation methods
Written examination and case study.
Bibliography
- Lam, J. (2000). Enterprise Risk Management, From Incentives to Controls, second edition, Wiley, 2014.
- Regulatory texts (Solvency II directive, BNB circulars…)
- Practical insurance and reinsurance experience
Faculty or entity
LSBA
