R110: Risk management Principles and Practices

From the Risk Management Certificate Program

Special live in-class/virtual offering at the Insurance Institute of Newfoundland & Labrador

Starts April 13, 2020 to June 29, 2020
Mondays at 7pm NST (5:30 EST)

An introduction to risk and risk management, this course - the first in the Institute's Risk Management Certificate Program, defines four types of risk, compares enterprise-wide versus traditional risk management processes and highlights financial risk. The course summarizes tools and techniques to identify, analyze and treat risks, and presents global risk management standards and guidelines.


Course materials include a textbook and a course guide.


Evaluation for this course is based on the following:
- Assignments
- Midterm exam (unproctored and delivered through the course web page on our e-learning website)
- Final exam (held at a Computer-based Examination Centre. When you register, a booking confirmation with pertinent information will be emailed to you)


Length: One term (13 weeks).
Delivery: Live instruction either in-class at our office, or tune in virtually from the location of your choice - all you need is a connection to the internet.
Time commitment:
 About 6-8 hours per week to complete readings, learning activities and discussion.


This course is recognized by RIMS, the risk management society. Successful completion of the courses in the Institute's Risk Management Certificate Program will allow individuals to meet the foundational course requirements of the Canadian Risk Management (CRM) designation, which is awarded by the Global Risk Management Institute (GRMI).

All CRM candidates must also pass standardized exams administered by GRMI. Proof of registration in this course will qualify individuals to register for the corresponding GRMI exam.


Courses in the Insurance Institute’s Risk Management Certificate program are designed for individuals who want to further their risk qualifications, including:
• Insurance distributors: brokers, agents, managing general agents, wholesalers
• Underwriters in risk analysis roles
• Loss prevention/fraud roles
• Operational risk management insurance roles
• Risk management roles outside of the insurance industry

Register now

To register, please call us at 709 754-4398 or email iinlmail@insuranceinstitute.ca.