Financial objectives of corporate risk management process, empirical evidence of how and why firms manage risk, institutional environment and regulations of risk management. This course surveys risk fundamentals, the risk management process, and insurance as a systematic approach to transfer and finance risk. It examines how to determine, analysis and evaluate risk for different types of insurance and how insurance offers financial protection against major risks individuals face, how the insurance market is structured, and how and why the industry is regulated. This course also provides the theories and practical applications from the industry as well as issues related to the furtherance of insurance as a viable risk management solution.