Risk Management Techniques for Insurance Professional

The program aims to equip senior insurance practitioners with pertinent knowledge and insights into the key practices of risk management and its role within good corporate governance. Enroll now and enhance your competence and knowledge.

COURSE OUTLINE

• Understanding the International Risk Management Standard – ISO 31000
• Categories of risks faced by insurance companies (strategic, operational, insurance, reserving, credit, liquidity, market, reputational, compliance, legal)
• Methods of measuring risks and monitoring risk exposures
• Identifying and recording the company’s risk appetite and tolerance levels
• Setting the risk management policy and strategy
• Managing risk culture in the firm
• Selecting the most appropriate risk identification techniques
• Risk analysis and ranking
• Risk control and treatment options
• Linking risk appetite with operational control
• Understanding the role of stress testing in insurance organisations
• Case Studies

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.