This course is an advanced and elective course for finance majors, and recommended for students who want to pursue careers in insurance and financial planning industries. The course combines the theoretical underpinnings of risk financing with practical applications and examples from business and individual perspectives. Topics include risk in our society, insurance and risk, types of insurers and marketing systems, insurance company operations, financial operations of insurers, government regulation of insurance, fundamental legal principles, analysis of insurance contracts, life insurance, annuity and individual retirement accounts, health insurance, employee benefits, home insurance, auto insurance, commercial property insurance, enterprise risk management, and use of capital market products for risk financing.