Institut für Risikomanagement und Versicherung
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Proseminar: Case Studies in Risk Management

Prof. Randy Dumm; Benjamin Heidler

 

As the name implies, this course uses a case study approach to educate students about the risk management process and about the emerging and rapidly evolving concept of Enterprise Risk Management (ERM). Corporations today face a wider array of risks than ever before, and investors, regulators and other parties are demanding that management understand and manage these risks in the most effective and efficient manner possible. In this setting, an ERM approach to managing risk adds value by managing risk across the firm (or enterprise).

The course will focus on 1) the fundamentals of risk, risk management and ERM, 2) the variety of recently developed ERM tools available to management, and 3) the ERM implementation process, additional applications of ERM, and the future outlook for ERM. Cases studies will be used during the course to highlight risk identification and loss control within a particular firm and several cases that will be used to provide further insights into ERM applications and concepts.
During the course, the students will have the opportunity to complete a research project involving a corporation located in Munich. Examples of prior corporate participants include Munich Re, Swiss Re, Allianz, Munich Airport, BayernLB, EON, and HypoVereinsbank. For this project, each group will collect financial and organizational information on the company in preparation for an on-site interview with an executive from the firm (arranged by the Institute). Each group will present its findings during the last class session. These findings will include a discussion of the firm’s risk management and ERM practices, and the ERM/risk management related issues facing the firm.

Projects: As noted above, each student will participate in a group research project that investi-gates ERM/risk management practices.

Organizational Issues

Application

  • The number of participants is restricted. To apply for this course, please send an email (including name, student-ID number and a current transcript of your grades) to Benjamin Heidler until April, 30th 2016.
  • The list of participants will be announced online and on the notice board of the INRIVER on May 6th.
  • The seminar is held in English.
  • Please find further information in the syllabus.

Schedule

DateTimeLocation
June 20th 12pm - 4pm Room 307, Schackstr. 4
June 21st 8am - 12pm Room 307, Schackstr. 4
June 22nd 8am - 12pm Room 307, Schackstr. 4
June 23rd 10am - 2pm Room 307, Schackstr. 4
June 27th 12am - 4pm Room 307, Schackstr. 4
July 1st 1pm - 8pm Room 307, Schackstr. 4

The company interviews will take place after the first sessions took place. The exact dates will be announced in due time via email.

Examination

  • Group presentation: 3 ECTS (M&F-BWL: Bachelor students in Business Administration) or 3 ECTS (WP 17: Bachelor students in financial mathematics)
  • Successful participation in this seminar does not qualify for writing your bachelor thesis at the Institute for Risk Management and Insurance.
  • Please find further information in the syllabus.