1. Understand the numerous types of risks that human, financial, physical, and intangible assets are subject to in today’s world.
2. Establish an orientation in how business, government, law, the risk management industry, and society in general protects itself from these types of risk.
3. Know the wide variety of methods used for risk protection including hedging, diversification, options, derivatives, futures contracts, guarantees, insurance, and other risk controls.
4. Learn the foundational thinking and principles of the traditional insurance industry and how these principles guide us in our approach to dealing with various risks.
5. Use quantitative methods to identify, measure, analyze, and evaluate risk control options that are designed to protect people and organizations.
6. Calculate the cost-benefit implications of various approaches and use the data to determine strategic direction in various risk scenarios.
7. Evaluate the implications of various risk financing techniques under risk acceptance, risk avoidance, risk retention, and risk transfer.
8. Determine the myriad of ways that people and organizations deal with the increasing complexity and burdens of the health care industry.