Module ASB-3204:
Corporate Risk Management

Module Facts

Run by Bangor Business School

10 Credits or 5 ECTS Credits

Semester 1

Organiser: Dr David Ayling

Overall aims and purpose

To examine the identification, measurement, control and financing of pure risks in business organisations.

Course content

The content may include but will not be limited to:

The nature of risk management; Risk identification; The firm's loss exposure; Risk measurement and probability distributions; Risk control tools; Risk financing; Insurance and the alternatives; Legal aspects of insurance and insurance contracts; Dealing with insurers.

Assessment Criteria

C- to C+

C- to C+

Broad understanding of key concepts and techniques - but with little development beyond the lecture material.


D- to D+

Basic understanding of key concepts and techniques - but with some mistakes and little development beyond the lecture material.


B- to B+

Broad and sound understanding of key concepts and techniques - with evidence of wider reading and ability to relate relevant concepts and techniques to particular situations.


A- to A+

Excellent understanding of concepts and techniques - with evidence of wider reading and a creative understanding and an ability to apply relevant concepts and techniques to particular situations.

Learning outcomes

  1. Evaluate the effectiveness of alternative risk management strategies.

  2. Understand risk control and risk financing techniques.

  3. Understand the uses and limitations of probability concepts and statistics for making risk management decisions.

  4. Evaluate the uses and limitations of insurance as a risk management device.

  5. Understand the nature of alternative risk management strategies.

  6. Analyse different methods for dealing with pure risk effectively.

Assessment Methods

Type Name Description Weight

Write an essay chosen from a list of topics.

EXAM Formal Examination

A formal 2 hour exam in which students answer any two questions from five.


Teaching and Learning Strategy


One 2-hour lecture per week. Formal lecture series supported by documents available on Blackboard.

Private study

Self-study based on readings and reflection.


Transferable skills

  • Numeracy - Proficiency in using numbers at appropriate levels of accuracy
  • Exploring - Able to investigate, research and consider alternatives

Subject specific skills

  • Articulating and effectively explaining information.
  • Conceptual and critical thinking, analysis, synthesis and evaluation.


Courses including this module

Compulsory in courses:

Optional in courses: