Risk Management in Insurance (992) provides you with an introduction to the concepts andesses of risk management in insurance together with some of the issues that need to be addressed by managers at this level.
The syllabus and study text are designed to enable you to evaluate the following:
- The role of risk management in the insurance sector.
- The elements of an effective risk management framework in the insurance sector.
- The regulatory framework for risk management in the insurance sector.
- The management of strategic risks.
- The management of core insurance risks.
- The management of financial risk.
- The management of operational risk.
- Capital management in the insurance sector.
Success in the 992 assessment will require you to undertake further reading and private research beyond this core text.
Building a successful career in insurance
Risk Management in Insurance (992) is intended for those nearing the completion of the ACII qualification. You will have already developed a sound grounding in the technical aspects of insurance and will be approaching or have already reached first-line management.
It is assumed that you already have knowledge of insurance organisations, finance and regulations as typically covered in Insurance, Legal and Regulatory (IF1), or equivalent examinations.
Summary of learning outcomes
- Analyse the role of risk management in the insurance sector.
- Analyse the elements of an effective risk management framework in the insurance sector.
- Understand the regulatory framework for risk management in the insurance sector.
- Analyse the management of strategic risks.
- Evaluate the management of core insurance risks.
- Evaluate the management of financial risk.
- Evaluate the management of operational risk.
- Evaluate capital management in the insurance sector.
Assessment
- 3 coursework assignments of up to 3,200 words
- For purchases on, or after, the 21/03/2023, 12-month enrolment with assignments due at 3,6,9 months. This may be different to previous enrolments you have purchased for CII units.
- 50% pass mark
- The average pass rate for those completing Advanced Diploma in Insurance coursework units in full is currently 97.0%
Units treated as equivalent
Due to the extent of syllabus overlap, certain combinations of current and withdrawn units will result in only one award of credits.
If a withdrawn equivalent is held you may not need to complete a current unit in order to satisfy a qualification's completion rules. Clarification should always be sought from CII Customer Service.
Find out more about credit awards for equivalent units
Course delivery
Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer or the unit is available as a pre-order.
Study material – editions available
Enrolment (12 months)
