Elements of Risk and Insurance At University Of Ghana
This course aims at providing the participant with a very clear understanding of the concept of
risk, particularly in insurance business practice. It offers the student an appreciation of the issues
involved in the determination of the portfolios of risks, as well as the evaluation and the pricing of
risks. Specific topics include: concepts of risk, the technical unit and the portfolio of risks,
classification of risks, measurement of risk, risk and the law of large numbers, insurability of
individual risks and insurance premium calculation