The course aims to analyze risk as an object of insurance business. The objective of the course is also to promote analytical and critical skills to develop strategies use of derivatives for risk management in corporate and financial contexts

Part 1
- Risk, risk pooling and information asymmetries (adverse selection and moral hazard). 
-Institutional and market aspects.
-The determination of the insurance premium.
- Technical management and asset-financial management. 
-The role of insurance companies in managing emerging risks.
Part 2
-Derivative financial instruments.

- Knowledge and Ability to Understand: By the end of the course, students should have acquired knowledge related to the role of insurance companies in risk management and understand the use of derivatives in hedging risks.
-Applied Knowledge and Ability to Understand: Students should be able to appropriately and flexibly apply acquired knowledge to analyze, understand and solve situations and problems related to risk management and hedging.
- Autonomy of judgment: Students must have the ability to analyze and interpret the knowledge acquired during the course and to deal with complex problems independently and with their own judgment.
 - Communication skills: Students should acquire clear and effective communication skills through a good command of vocabulary related to the topics covered during the course. The modes of didactic work by which these results will be achieved will consist of: lectures, group work and possible in-depth seminars.
- Ability to learn: Students should have developed good learning skills, enabling them to acquire new knowledge, skills and abilities through professional and work experiences.

The teaching material prepared by the lecturer in addition to recommended textbooks (such as for instance slides, lecture notes, exercises, bibliography) and communications from the lecturer specific to the course can be found inside the Moodle platform › blended.uniurb.it

Teaching

The course involves the use of different teaching methods:

- lectures;

- classroom analysis and discussion of cases;

- exercises and group work

Innovative teaching methods

Classroom analysis, discussion of cases, exercises and group work.

Course books

- C. PORZIO, D. PREVIATI, R. COCOZZA, S. MIANI e R. PISANI, Economia delle Imprese Assicurative, McGraw Hill, 2011. ISBN: 9788838665547 (capitoli indicati dal docente)

- Hull, J. C.; Opzioni, futures e altri derivati; Pearson Italia Milano (capitoli indicati dal docente) 

Assessment

Assessment is done through a written test with 10 multiple-choice questions, each of which, if correct, will be assigned a maximum score of 1.5, and 3 open-ended questions, each of which will be assigned a maximum score of 5.
The student is expected to answer the open-ended questions in an articulate and thorough manner, in such a way as to demonstrate that he or she has acquired full knowledge and understanding of the topics in the syllabus, can analyze them critically, and can expound them rigorously in a limited time, identifying the essential elements for exposition. 

The time available to answer the questions is 90 minutes. 

The judgments are determined taking into consideration the objectives defined in relation to the learning objectives "knowledge and understanding skills"; "applied knowledge and understanding skills"; "autonomy of judgment"; "communication skills" and "ability to learn." 

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.

Teaching

self-study and individual study are required

Course books

Same texts as for attending students.

Assessment

Same methods of attending students

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.