F540

F540

About this course

In this course, you will explore the importance, potential, and challenges of implementing effective enterprise risk management (ERM) within the property and casualty (P&C) insurance industry. To be effective, risk management must be aligned with a company’s strategic, operational, and financial objectives. You will examine the value-creation approach to ERM and the interaction between ERM, regulation, and internal controls.

People at a desk using computers.

Topics covered

Introduction to Risk and Enterprise Risk Management
The ERM Process: Context and Criteria
Risk Assessment: Risk Identification
Risk Assessment: Risk Analysis and Evaluation
Risk Treatment

Valuation of Assets and Liabilities
Solvency Regulation
Risk Modelling, Aggregation, and Integration
Monitoring, Management, and Governance
The Impact and Future of Enterprise Risk Management

Course goals

In this course, you will be challenged to:

Apply enterprise risk management concepts to the p&c insurance industry
Relate course content to your own organizational and professional experience, strengthening analysis and decision making
Continue developing a multifaceted understanding of the Canadian p&c insurance industry

Evaluate various perspectives and assumptions that impact risk management in p&c organizations
Demonstrate the ability to communicate complex information and ideas effectively, and to engage virtually with other p&c professionals

Prerequisites

Exploring the implications of ERM requires an understanding of financial management concepts and techniques. We strongly recommend that you successfully complete course F530 Financial Management for Insurance Leaders before taking this course.

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