3.00 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.
Learning outcomes
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:
|
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
- Evolution of the risk profile of insurance companies
- Zoom on climate risk
- Economic capital modelling
- Own Risk and Solvency Assessment (ORSA)
- Optimal reinsurance
- Project management
Teaching methods
The course consists of 7 courses of 2 hours and 1 course of 1 hour, extra readings (discussed during the courses), a case study and an extra optional Q&A session at the end.
Evaluation methods
First session : written examination and case study.
For the second session, the examination is in principle written. The lecturer may decide to organise an oral examination if the number of participants is limited. The completion of a case study is not required, unless the student did not carried out the case study in the first session.
For the second session, the examination is in principle written. The lecturer may decide to organise an oral examination if the number of participants is limited. The completion of a case study is not required, unless the student did not carried out the case study in the first session.
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
