Risk Management in Insurance

What is risk management in insurance and why is it so important? The study of risk management and insurance is basically studies that are being done by financial decision makers in other to minimize lose and maximize profits. Risk, which is pervasive in business and in life, needs to be properly managed. This can be done in two ways, firstly by taking preventative measures to mitigate the risk, and secondly by funding the adverse consequences of risk, something which is typically and most successfully done through insurance.

This course explores the principles of risk management and insurance. The course provides an understanding of the foundations, applications and selection of insurance. Fundamentals of life and health insurance as well as property and liability insurance will be included. Enterprise risk management for corporations, financial risk management, overview of employee benefits, and strategic policies to mitigate risk will also be covered.

Certificate

We send certificates to students within 24 hours of course completion. Students will be awarded the Risk Management in Insurance. PDF Certificate will cost £15 and hard copy will cost £20. we can post to all over the world.

Accreditation

The course is accredited by The CPD Qualifications Group.

Course Delivery

This is a self-study course, students have 100% freedom to complete the course, there is no time restriction on this course. There is no attendance required for this course.

Assessment

The course will be assessed on the basis of one assignment, we believe doing practical assignments are the best way to assess the ability of the students and also it is the best way to make them apply what they have learned into practice, students can start their assignment from day one and complete the course as soon as they submit their assignment.

Course Duration

The course is valid for 12 months, however, students can complete their course as soon as they submit their assignment. The assessment will take 24 hours. So if there is a job opportunity for you, please do not hesitate to apply for this prestigious course.

Course Mode

This is a self-study course, students have 100% freedom to complete the course in their own time, there is no time restriction on this course. There is no attendance required for this course. Students can study this course from all over the world as long as they have internet connection.

Learning Materials

Students will be provided all the learning text materials to assist them in completing the course. The text books will be of different sizes. Our experts have chosen the right text books for each course. Students can use other books as well in order to assist their course works. Students will have 24/7 access to the course materials.

This course examines the managerial principles applied to manage risk and the systems available to fund risk. The short-term insurance, life insurance, medical insurance, and retirement funding markets collect substantial sums of money to fund risk. These funds contribute to the economy and are managed through the separate discipline of business finance. There is thus a significant link between risk management and risk financing.

In the world of finance, risk management refers to the practice of identifying potential risks in advance, analyzing them and taking precautionary steps to reduce/curb the risk.

Course Benefits

• At the end of this diploma course, you will be awarded a certificate in Risk Management and Insurance, and Insurance and Risk Management graduates are well-positioned to obtain employment in companies operating in these markets, or as intermediaries for these markets:

• short-term insurance
• life insurance
• retirement funding
• health insurance markets.

• The Insurance & Risk Management Discipline works closely with a number of corporate organizations who have sponsored prizes and scholarships for top performing students.

• The Risk Management in insurance course is open to individuals who already have experience in Finance and/or any related field.
• This course is open to College-going individuals and Graduates interested in building a career in Insurance and risk management.

• Learners should be 16 or over to undertake the qualification.
• Good understanding of English language is required to attend this course.

• Quantitative analysis will be an added advantage.

This training leads you to become a risk management expert, insurance officer, a banker, and so on. Also, skills in Risk Management and insurance are of great value for progression in higher studies.

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