Risk Management - The Future for Broking - Searchlight Insurance Training

Risk Management – The Future for Broking

This practical workshop provides a brief introduction to the theory of risk management, with a focus on its practical application to commercial insurance risks.

It would be valuable for broking staff who need to offer advice or who are involved in a client facing role.

Whilst no risk management expertise is required, delegates should have a reasonable knowledge of the principles and practice of commercial property and liability insurance.

Level: Intermediate

Duration: 1 day(s) CII CPD Hours: 6


•Demonstrate an awareness of what risk means and its key characteristics

•Demonstrate an understanding of the stages involved in the risk management process

•Provide added-value to the services of the broker by appreciating the process and benefits of effective risk management by clients

•Adapt risk management theory to practical problems encountered in commercial property, liability and motor fleet risks

•Show an awareness of the purpose of business continuity planning and how it can be carried out in practice


•Risk and its key characteristics

•Definition of risk management –what it is and how it is done

•Steps in the risk management process, with examples of the main techniques used in identification, analysis, decision making and control

•Companies and risk management –a brief review of the various corporate governance investigations and their impact on company responsibilities for risk management

•Examples of risk management in practice, with consideration of application to specific commercial insurance classes
– Property
– Liability
– Motor fleet
•Business continuity planning –a brief overview of its purpose and process