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December 5 - 9, 2011
at
Beijing Municipal Institute of Labour Protection
No. 55 Taoranting Road,
Beijing, China
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PLEASE SCROLL DOWN TO THE APPLICATION FORM!
General data of the course
| Overview |
The course aims to complement the series of 13 other SafeChina courses devoted to technical and engineering issues of risk management in industrial plants (petrochemical plants, process industry, power plants, etc.).
Technical risks in the above plants can be a cause or a contributing factor in/for the business continuity and the final outcome of the technical/engineering activities is practically always to be seen on the background of business implications and implications/impacts to the business activities of a company.
The insurance aspects are the most relevant practical aspect linking the engineering and business side of the company operation and asset management: therefore these will be tackled, too.
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| Target profile of attendees |
BSc/MSc engineering, environmental sciences, finance, working in industry, academia, banks, insurance companies, government and other stakeholders dealing with risks in industry
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| Course contents (divided in units) |
Unit 1: Introduction, Fundamentals of Corporate Finance
- The Value of Money: Time and Risk
- Net Present Value Rules
- Alternative Decision Rules (IRR, BE, FV)
- Quantifying Risk and Expected Return
- Dynamics of Spot and Future Currency Markets
- Introduction to Options
Unit 2: Intro Quantitative Risk Management
- Scenarios and the Derivation of Statistical Measures
- Risk-Return Optimization
Unit 3: Financial Hedging of Commodity and Currency Risks
- Toward an Integrated Risk Model
- Binomial Models and Black-Scholes Approach to Value Options in an Arbitrage-Free-World
- Excursus: Markowitz Optimization with Integer Constraints
- Excursus: Real Options
Unit 4: Modeling and Estimating of Risk: Insurance vs. Financial Hedging
- Insurable and Non-insurable Events
- Premia and the Law of Large Numbers
- Motivation: Computation of premiae for life insurance
- Liability and Commercial Property Insurance
- Reinsurance
- Excursus: Underwriting and Insurance Contracts
- Excursus: Basel II and Solvency IIConcepts of human and organizational factors
Unit 5: Financial Risks in a Globalized World
- How the European crisis might affect investment decisions in China
Unit 6: Review of the main course issues and preparation for the final exam
Unit 7: Final Exam
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| Course duration |
5 days |
| Certification |
The course includes certification exam. |
| Special remarks, warnings |
none |
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APPLYING FOR THE TRAINING EVENT
Registration deadline expired.
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