The instructor in this course will explain the mathematical principles and techniques of value assessment and risk assessment in the risk management of financial institutions, as well as the current state and issues in the risk management of financial institutions. The instructor will focus on expalining the issues related to risk management activities and history of risk management especially in the insurance industry, and discussing the ideal risk management practice.
The goal of the course is for the students to understand the principles of the valuation, risk and risk management of the financial instruments and to gain insight into the risk management issues.
|✔ Applicable||How instructors' work experience benefits the course|
|Risk management practice in an insurance firm, Risk management advisory in investment banks and a consulting firm|
Economic-based valuation (Market consistent valuation), risk, risk management
|✔ Specialist skills||Intercultural skills||Communication skills||Critical thinking skills||Practical and/or problem-solving skills|
Blackboard and handouts
|Course schedule||Required learning|
|Class 1||Overview of Risk Management||Details will be provided in each class session.|
|Class 2||History and challenges related to risk management|
|Class 3||Relation of accounting value and economic value|
|Class 4||Insurance products and embedded interest rate risk|
|Class 5||Economic value based regulation in insurance industry (1)|
|Class 6||Economic value based regulation in insurance industry (2)|
|Class 7||Economic value based regulation in insurance industry (３)|
To enhance effective learning, students are encouraged to spend approximately 100 minutes preparing for class and another 100 minutes reviewing class content afterwards (including assignments) for each class.
They should do so by referring to textbooks and other course material.
None in particular
Morimoto, et. al ``Keizai kachi base no hoken ERM no honshitsu" (in Japanese)
Morimoto, ``Zero kara wakaru kinyuh risk kanri'' (in japanese)
Based on reports. Details will be provided in class.
None in particular
It is desireble for students to take both Advanced Topics in Mathematical Finance C and D.