Insurance and Risk Management

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.