Introduction to insurance financial and operational risk
Solvency II is putting risk management on the agenda for every
insurer. There is also a business imperative for practical risk
management in strategy and operational management. Risk management
will feature within every manager's job description, and will
impact on day to day responsibilities. Therefore it is becoming a
core competence with it's own language, processes and tolls.
This core one day workshop introduces risk management to
non-risk managers and professionals: what it is and how to do
- Explore categories of risks faced by insurers, and their
- Summarise the basic principles of risk management
- Analyse and quantify risks
- Identify the fundamental processes and tools of risk
- Assign key indicators to risks and their risk controls
- Differentiate between working capital, economic capital and
- Assess the alternative ways of mitigating and/or funding
- Outline the responsibilities for risk management across the
- Introduce the concept of Enterprise Risk Management.
Who should attend?
Managers and professionals.
- What is Risk? Downside and opportunity risk. Where and how a
business is vulnerable in its risk universe
- Where is risk inherent in the insurance process?
- Risk classifications
- Risk management principles and processes
- Risk impact, frequency and volatility, and controllability in
your own areas of responsibility
- The role and use of the risk register
- Risk mitigation and risk funding buffers.
6 CPD hours
Attendance at this event awards up to 6 CPD hours where you
consider it relevant to your professional development needs.
Introduction to insurance financial and operational risk management