Risk Management

Course details

The importance of risk management can hardly be overstated. Awareness of risk has increased as we currently live in a less stable economic and political environment. The purpose of this risk management training course is to provide managers with a solid understanding of business risk and how to manage it.

This risk management course looks at risk from different perspectives and analyses the possibilities for managing it in each situation. It focuses primarily on operational, project, and reputation risk management.

Objectives

Upon the completion of this course, the participant will be able to:

• Explain the context of risk management including risk definition, the process and the need for risk management
• Discuss the process of risk identification, assessment and control
• Apply appropriate risk identification, assessment and control techniques to different risks facing an organisation
• Apply risk transfer and financing techniques to appropriate risk situations
• Examine the role of risk monitoring within the context of risk management

Target Audience

Insurance employees, Brokers, Agents, Loss Adjusters, Employees who manage insurance in non-insurance companies.

Course Structure

The course is conducted via a combination of lectures; case studies; role plays; and videos, where applicable.

Program Contents:

• Risk Management versus Insurance Management
• The Risk Management Process
• Identify and analyse Potential Losses
• Evaluate Potential Losses
• Dealing with unacceptable risks
• Risks Monitoring
• Property Loss Exposures
• Liability Loss Exposures
• Business Income Loss Exposures
• Human Resources Loss Exposures
• Crime Loss Exposures
• Employee Benefit Loss Exposures
• Foreign Loss Exposures
• Risk Identification techniques
• Analysing Potential Losses
• Risk analysing tool
• Evaluating potential losses
• Risk control options
• Material and Workplace Risk Control
• Special risk control