This training aims to empower professionals in Insurance Risk Management with the following:

• Understanding the fundamental concept of risk and basic categories of risk
• Obtaining the knowledge behind the principles of insurance
• Having an extensive understanding of the insurance Industry
• Honing the ability to translate the nature and application of reinsurance effectively
• Possessing the ability to identify and measure business risk and exposures
• Understanding how to choose between the leading tools of risk management
• Knowledge on how to mitigate or eliminate exposures to risk and its variants
• Analysing the different categories of insurance contracts

This course uses the Do–Review–Learn–Apply Model, which includes situational analysis and experiential learning. Group exercises, projects, and role-plays encourage two-way participation. The training information is extensively examined before each session to ensure current relevance.

Organisations undertaking this training course will benefit in the following ways:

• Lessened business liability by cutting back on the risk of long legal action
• Making the organisation attractive to stockholders and regulators
• Enhanced mechanisms for identifying broad perception of risk types
• Consultative assistance to the Board and management committees for risk
• Gaining credit for cooperation as regulators view this as a preventative measure
• Extensive insight toward insurance, indemnity, and liability matters

Professionals will benefit from this training in the following ways:

• Equipped with competent knowledge to thrive in the insurance industry
• Easy identification of risks and reduction in negative consequences
• Improved resource deployment and reduced performance variability
• Demonstrating professional commitment to career growth
• Analytical skills for determine risk effects and mitigation