Paris, France

Risk Engineering - Finance and Insurance

Master's
Language: EnglishStudies in English
Subject area: engineering and engineering trades
Qualification: M2
University website: www.pantheonsorbonne.fr/
Engineering
Engineering is the creative application of science, mathematical methods, and empirical evidence to the innovation, design, construction, operation and maintenance of structures, machines, materials, devices, systems, processes, and organizations. The discipline of engineering encompasses a broad range of more specialized fields of engineering, each with a more specific emphasis on particular areas of applied mathematics, applied science, and types of application. See glossary of engineering.
Finance
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
Insurance
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
Finance
The best scheme of finance is, to spend as little as possible; and the best tax is always the lightest.
Jean-Baptiste Say A Treatise On Political Economy (Fourth Edition) (1832) Book III, On Consumption, Chapter VIII, Section I, p. 449
Engineering
When I looked at the science of engineering and saw that it had disappeared after its ancient heritage, that its masters have perished, and that their memories are now forgotten, I worked my wits and thoughts in secrecy about philosophical shapes and figures, which could move the mind, with effort, from nothingness to being and from idleness to motion. And I arranged these shapes one by one in drawings and explained them
Al-Muradi, The Book of Secrets in the Results of Ideas, 11th century; Translated and cited at leonardo3.net/bookofsecrets/index, 2015
Insurance
Insurance - an ingenious modern game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the man who keeps the table.
Ambrose Bierce in:The Unabridged Devil's Dictionary, University of Georgia Press, 1 December 2001, p. 133.
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