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5 Reviews
Master insurance risk management to ensure business continuity and goals
5 Reviews
Risk management in insurance companies is a core component of governance and accountability. It is a comprehensive approach applied across all departments to enhance the effectiveness of corporate governance and compliance systems. Risk management supports the achievement of strategic objectives by identifying, analyzing, evaluating, prioritizing, and monitoring risks—helping ensure business continuity and enabling the company to meet its goals. This program focuses on introducing the fundamentals and stages of risk management, exploring various risk handling methods, and reviewing the regulatory framework for risk management in the Saudi insurance sector. It also equips participants with tools to analyze risk appetite concepts and their applications, as well as how to develop contingency plans for business continuity and crisis management.
Insurance
Risk Management
Not Exist
Lecture
Brainstroming +2
Lecture
Brainstroming
Practical Implementation
Dialogue Teams
Pre Exam
Post Exam
Customer care
This provides you with the opportunity to select the available times that suit you best for participation in our program. These times represent slots during which we are ready to welcome you and provide assistance and guidance.
Online Training
Definition of Risk Management
Risk Management Process
Methods of Risk Management
Case Study
Online Training
Understand the risks associated with the activity of insurance companies
Designing a risk management strategy in accordance with the rules of corporate governance
The relationship between audit, compliance and risk management
Online Training
Risk Management Regulation: Purpose, Definitions
Scope and Exemptions, Compliance Measures, Non-Compliance
Risk Management Strategy
Responsibilities of the Board of Directors towards the risks to which the company is exposed
Responsibilities of senior employees towards the risks to which the company is exposed
Policies and Control Systems: Contingency Plan, Documentation and Review, Reporting
Online Training
Methods for determining risks
Gathering information about risks
Kinds of information we need
Internal and external sources of information
Measurement of risks (frequency– severity)
Risk Evaluation: Risk Mitigation, Risk Monitoring, Effective Monitoring
Online Training
Product development risks
Underwriting
Pricing risk
Claims Settlement Risks
Financial solvency risks
Credit risk
IT Risks
Reinsurance risk
Risks of non-compliance
Risks associated with changing laws and regulations
Risks of exposure to insurance fraud
Money laundering and counter-terrorism risks
Corporate Governance Risks
Online Training
Risk appetite Definition
Principles for an Effective Risk Appetite
Risk appetite framework
Online Training
Recognize the comprehensive risk management strategy in order to understand the types of risks related to the work of insurance companies
Understand the basic elements of risks in the field of insurance for the purpose of complying with the guidelines of the Saudi Central Bank – SAMA
Understanding the mechanism of identifying and analyzing risks in order to determine the appropriate method for managing them.
Absorbing the risks related to the capital, solvency and operational risks of insurance companies in order to mitigate their effects
Reviewing the elements of an emergency plan to ensure business continuity and crisis management as part of risk management in insurance companies.
