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Technical Insurance Knowledge and Skills

Risk Management - Introduction to the Theory

Introduction

This one day interactive workshop provides a valuable introduction to the theory of Risk Management for a student in the subject.

Workshop Objectives

Delegates who successfully complete this workshop will be able to:

• demonstrate the need for Risk Management

• explain the consequences of not implementing Risk Management

• explain the stages involved in Risk Management

• explain the ways of reviewing the methods available for adopting a best practice approach

• describe the approach to the broker’s role in advising customers on Risk Management


Workshop Content

• The Relationship between Risk and Business Objectives

• Definition of Risk Management

• Corporate Governance – Cadbury, Greenbury, Hample and Turnbull Reports

• Steps in the Risk Management Process

• The role of the Risk Manager

• Risk Identification Techniques

• Risk Mapping and Ranking – Severity and Frequency

• Risk Controls

• Asset Loss or Damage
• Disaster Recovery/Contingency Planning
• Health and Safety
• Products
• Motor

• Risk Financing

• Retention v Transfer
• Contractual Transfer
• Overview of Risk Retention Techniques

• Monitoring and Reporting Risk

Duration: 1 day(s).

Call us now on +44 (0)1372 361 177 or email us for more information on this course.