Insurance and Risk Management

Trusting Continuity and Survival for People and Organisations

5 Found
22-26 May 20235 Days Dubai - UAEUS$3,450
14-18 Aug 20235 Days Dubai - UAEUS$3,450
20-24 Nov 20235 Days Dubai - UAEUS$3,450
20-24 May 20245 Days Dubai - UAEUS$3,450
12-16 Aug 20245 Days Dubai - UAEUS$3,450
18-22 Nov 20245 Days Dubai - UAEUS$3,450

Course Overview

Today, all people and businesses face a vast number of risks and threats that affect well-being and survival. The continuous and rapid change of the business environment (environmental, climate, technological, economic, social, demographic, etc.) constantly creates new and complex risks that need continuous and professional handling and management skills in general. It requires further learning and training professionals in practical risk management applications and selecting the most suitable insurance plans.

Insurance is a way of transferring risk and is used as a risk-reducing way for People and Corporates to achieve financial protection. Nobody owns and drives a car without motor insurance. While the liability as a private or professional body may not require indemnity protection, would you really consider leaving these risks unprotected? Would you risk your family’s well-being in case of an unexpected tragic event? Insurance is largely untroubled by economic downturns since many insurance products are a necessary part of our multi-risk lives. Insurance is no different from any other business opportunity. But it also comes with some unique considerations.

Course Objectives

After the training course, the participants will learn to:

  • Apply concepts of insurance
  • Analyse and assess business risks
  • Know how to handle risks and implement protective measures
  • Explain various types of insurance
  • Design a risk management framework

Target Audience

Insurance and Risk Management have technically based sciences; both need specific professional techniques to be understood and implemented.

It is suitable for a wide range of working professionals, including (but not limited to) the following:

  • Insurance and Risk Employees working in Risk, Underwriting and Claims Departments
  • Supervisors and Managers of Business Departments dealing with Risk and Insurance for their Organisations
  • Insurance Employees dealing with reinsurance
  • Those interested in acquiring insurance knowledge and skills as a complementary job to their primary activity

Training Methodology

This training course will provide a valuable exchange of knowledge, ideas, and experiences—Immerse in experiential activities, collaborative group exercises, and face-to-face networking opportunities with your peers. There will be an alternation between theoretical expositions and practical exercises – individual and in groups, analysis of case studies, directed debates with the group’s active participation, and simulations of representative situations of the professional context.

Course Outline

Day One

Risk in Our Lives

  • Purpose Framework and Criteria of Risk Analysis
  • Types of Risk
  • The Meaning of Uncertainty and Risk
  • The Risk Assessment
  • Identification of Risks
  • Risk Analysis and Classification
Day Two

Insurance Perils and Hazards

  • Definition and Objectives of Insurance
  • Suppliers and Intermediaries: Other channels of insurance distribution
  • The Common Fund: Functions of Insurance
  • The Terms “Peril” and “Hazard” and the Insurability
  • The Policy Contract, the Proposal, and other Insurance Documents
  • Underwriting Procedures, Claims Handling, and Indemnification
Day Three

Risk Management Standards

  • Principles of Risk Management
  • The Risk Management Process
  • Avoidance – Elimination – Reduction and Acceptance of Risks
  • Transfer of Risk: Insurable and Uninsurable Risks
  • Recording and Reporting: Communication and Consultation
  • Monitoring – Review – Evaluation
Day Four

Operations and Regulations of Risk and Insurance

  • Reinsurance and Coinsurance
  • The Principles of Utmost Good Faith: Insurable Interest and the Proximate Cause
  • The Insurance Law, Licensing, and Intermediary Registers
  • Solvency and Capital Requirements
  • The Code of Ethics of Insurance
  • Information Obligations of Insurance
Day Five

Insurance Needs and Products

  • How does insurance work?
  • Insurance Needs for Holistic Plans
  • Life and Savings Sector
  • Property and Casualty Sector
  • General Liability Sector
  • Personal Insurance Sector: Accidents and Health


Upon successful completion of this training course, Newage Certificate will be awarded to the delegates.

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