| CODE | INS5022 | |||||||||
| TITLE | Advanced Enterprise Risk Management | |||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | |||||||||
| MQF LEVEL | 7 | |||||||||
| ECTS CREDITS | 5 | |||||||||
| DEPARTMENT | Insurance and Risk Management | |||||||||
| DESCRIPTION | This study-unit is based on practical learning material developed and updated together with the Federation of European Risk Managers (FERMA)’s and the Public Risk Management Organization (PRIMO) team of risk experts. It covers the main blocks of the Body of Knowledge, Case Studies and Practical Exposures which are the object of a Risk Management Professional. That is Risk Management Frameworks, Strategies, Objectives, Standards, responsibilities, Policies and tools. Study-unit Aims: - To set out the fundamental knowledge that applicants will require for a career in risk management. - To set risk management within the broader context of an organisation. - To determine the mechanisms and tools that are required for the treatment of risks and losses, with particular emphasis on control and reduction measures. - To communicate the nature, purpose and steps involved in risk control. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - Define the process of risk identification, assessment and evaluation within an organisation; - Communicate and report the nature, purpose and steps involved in risk control; - Identify and communicate financing techniques; the principles underpinning insurance; and the primary benefits insurance contributes to society. 2. Skills By the end of the study-unit the student will be able to: - Pro-actively Identify, compile, analyse, evaluate and measure exposure to the following risks: • Probable • Accidental • Extraordinary business losses faced by individuals and organisations • Emerging (for example cyber, social media and climate change risk) • Reputation • Regulatory • Supply chain • Financial • Legal • Property • Personnel • Political • Environmental • Fraud. - Determine and suggest the range of risk control techniques, including prevention, protection and reduction techniques available; - Determine and develop loss prevention and protection strategies, as well as engage with business units. Main Text/s and any supplementary readings: Study Material Provided by FERMA and put on VLE. |
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| ADDITIONAL NOTES | Pre-Requisite qualifications: An EQF Level 6 qualification or equivalent as determined by the BOS | |||||||||
| STUDY-UNIT TYPE | Lecture and Independent Study | |||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Christian Bonnici West Simon Grima (Co-ord.) Sharon Seychell Mark Lawrence Mario Zammit |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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