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Insurance and Risk Management
Mastery Online Academy

Updated 2025 | Video Course | Risk Transfer, Insurance Principles, Claims and Compliance

Summary

Price
£39 inc VAT
Study method
Online, On Demand 
Duration
1.4 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free

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Overview

This in Insurance and Risk Management provides a thorough, online learning pathway through ten detailed modules, blending foundational insurance principles with advanced risk-management techniques. You’ll explore everything from the fundamentals of risk and insurance law in Saudi Arabia to sector-specific applications and emerging digital trends. By following real-world case studies and hands-on exercises, you’ll build the expertise needed to assess, transfer and finance risk, design insurance products, and navigate regulatory requirements—preparing you for strategic roles across the insurance and risk-management landscape.

What You’ll Gain:

  • Foundations of Insurance & Risk: Grasp the distinction between risk and uncertainty, and apply the six core insurance principles.
  • Regulatory Mastery: Navigate Saudi Insurance Law, SAMA compliance, CCHI guidelines and consumer-protection frameworks.
  • Operational Expertise: Conduct underwriting, policy issuance, claims settlement and reinsurance structuring with confidence.
  • Takaful Insights: Understand Shariah-compliant insurance models, governance boards and actuarial applications.
  • Risk-Management Techniques: Employ ISO 31000 processes for qualitative and quantitative analysis, risk registers and control measures.
  • Sector-Specific Knowledge: Tailor coverages for oil & gas, construction, cyber, marine, aviation and healthcare industries.
  • Financial Acumen: Manage reserves, premium rating, solvency requirements and IFRS 17 reporting standards.
  • Digital & Emerging Trends: Leverage InsurTech platforms, AI for underwriting and claims, blockchain administration and predictive analytics.
  • Strategic Decision-Making: Use catastrophe modelling, scenario analysis and business-continuity metrics to inform capital and reinsurance strategies.
  • Future Readiness: Prepare for crisis response, climate-risk adaptation and clear stakeholder reporting in line with Vision 2030.

Certificates

Curriculum

10
sections
10
lectures
1h 23m
total

Description

You’ll begin by mastering the core concepts of risk and insurance: distinguishing risk from uncertainty, applying the six principles of insurance and understanding how insurable risks are defined and managed. From there, you’ll dive into Saudi Arabia’s legal and regulatory framework, including SAMA guidelines, cooperative health insurance rules and ethical best practices. Next, you’ll examine insurance operations—from underwriting and claims handling to reinsurance and motor-claims case studies—and explore the unique structure of Takaful through Shariah governance, tabarru’ pools and actuarial modelling.

Mid-programme, you’ll shift focus to risk-management principles, using ISO 31000 to identify, assess and control risks, and apply those methods across sectors such as oil and gas, construction, cyber and healthcare. The final modules guide you through financial and technical aspects like premium pricing, IFRS 17 reporting, and investment requirements, then cover the impact of InsurTech, AI, blockchain and predictive analytics on underwriting and claims. You’ll round off with strategic decision-making tools—catastrophe modelling, stress testing and business-continuity metrics—and prepare for future challenges in crisis management, climate risk and stakeholder communication, all aligned with Vision 2030’s resilience goals.

Benefits of This Course

  • Holistic skill set: Combine insurance operations with advanced risk-management frameworks in one qualification.
  • Regulatory confidence: Ensure full compliance with Saudi oversight bodies and international standards.
  • Career versatility: Qualify for roles across underwriting, risk analysis, reinsurance, compliance and executive leadership.
  • Strategic impact: Influence product design, pricing and resilience planning with data-driven insights.
  • Innovation focus: Stay ahead of digital transformation trends shaping the future of insurance.

Course Structure & Delivery

  • Fully online & self-paced: Access video lectures, readings and interactive exercises anytime, on any device.
  • Case-study integration: Learn from real examples—from motor claims in Riyadh to corporate Takaful in Jeddah.
  • Practical assessments: Reinforce theory through quizzes, risk-mapping workshops and financial modelling tasks.
  • 12-month access & tutor support: Enjoy unlimited guidance and feedback from industry-experienced tutors throughout your studies.

Who is this course for?

  • Insurance professionals seeking to deepen their expertise in underwriting, claims, Takaful or reinsurance.
  • Risk-management specialists are aiming to integrate insurance solutions with enterprise-risk frameworks.
  • Compliance and legal officers are responsible for governance, consumer protection and regulatory adherence.
  • Actuaries and finance experts are preparing for advanced roles in reserves, solvency and IFRS 17 reporting.
  • Executives and strategists are charged with steering insurance businesses through digital transformation and Vision 2030 goals.

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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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