Outline:  What RMI 2101 is about ?  Textbook required for the course  Prerequisites  Tips to pass RMI 2101  Conclusion  introduction to the basic concepts in Risk Management 2

RMI 2101 The course is divided into two distinct segments: Part I: help familiarize students with the basic aspects of risk and risk management as they apply to both firms and individuals. Part II: gives students an overview of the characteristics of insurance. 3

Textbook required  RISK MGMT&INS >CUSTOM< W/ACCESS HARDCVR (Used if available $99.15 / New $132.20) RISK MGMT&INS >CUSTOM< W/ACCESS HARDCVR  Author: REJDA  edition: 3RDCUST  Publisher: PEARSON C  ISBN:  RMI2101 BULK PACK F11-B12 (Used if available $43.00 / New $57.35) RMI2101 BULK PACK F11-B12  Author: COPY CENTER  edition: F11B12  Publisher: CAMPUS C C  ISBN: N.B: required textbooks and Prices are subject to change so refer to your syllabus and Temple Bookstore 4

Prerequisites According to the on-line course catalogue, the following is a list of courses the student should have had or should be currently taking: Sophomore standing, Econ 1101 or 1102, Stat.1001 or equivalent 5

Want to pass RMI 2101??? Make sure to do the following:  Read the syllabus carefully  Do the assigned reading prior to class  Read your notes after class while the material is still fresh in your head  Read Carefully the articles in the Bulk Pack  Take advantage of the resources available to you if you are having difficulties understanding the material  Professor’s office hours  TA(s)’s office hours  Be always prepared for class because you might have Unannounced quizzes 6

Conclusion  Familiarize yourself with the following terminology:  Peril: it is a cause of loss  Hazard: any condition that increases either the frequency ( likelihood) or/and severity ( impact) of a loss. There are four types of hazards: Physical Moral Morale ( attitudinal) Legal  Loss exposure : “Any condition or situation that presents a possibility of loss, regardless of whether loss actually occurs.” And the four risk areas are : Property Liability Income Personnel Good Luck! 7