The Risk Management course is a detailed and all-inclusive workshop where attendees will gain a comprehensive understanding of best practice governance and risk management in insurance organizations. The training will equip insurance practitioners with advanced knowledge and insights into the key indices of risk management and its impact on the goodwill, profitability and consistent delivery of excellent services to clients. Participants will gain insights on managing the overall risk exposures of a company, understand the importance of risk management in claims administration and in accepting or rejecting risks, and be given different templates as a guide on all aspects of risk management.
Course Module
- Risks faced by insurance companies (strategic, operational, insurance, reserving, credit, liquidity, market, reputational, compliance, legal)
- Monitoring Risk Exposures
- Identifying and Managing High Profile Risks
- Alternative Risk Transfer Mechanism
- Futures and Options Trading
- Setting the Risk Management Policy and Strategy
- Risk Mitigation
- Managing Risk Culture in the firm
- Risk Analysis and Ranking
- Risk Control and Treatment Options
- Understanding the role of Stress Testing in insurance organizations
Who Should Attend
Underwriting Officers, Claims Officers, Insurance Sales & Marketing Executives, Client Service Officers, Brokers, Agents and others who perform related functions in the Insurance sector.
Training Delivery Techniques
For learning to be more impactful and effective, we adopt a seamless combination of Lectures, Group Discussions, Case Studies, Individual/Group Exercises, Videos and Role Play. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and this will aid attendees to apply the knowledge gained both at work and personally.