Risk Management Certificate
Big data, the sharing economy and global climate change are just a few of the emerging challenges that have created a need for qualified risk managers. The three-course Risk Management Certificate program offers p&c insurance industry professionals the opportunity to further their risk qualifications.
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R110: Risk Management Principles and Practices
An introduction to risk and risk management, this course defines four types of risk, compares enterprise-wide versus traditional risk management process and highlights financial risk.
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R120: Risk Assessment and Treatment
Learn analysis techniques used to identify risks and outline alternatives to manage risks, including the transfer of risk to insurance and financial organizations.
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R130: Risk Financing
The final course in the risk management certificate deals with monetizing uncertainty. This course focuses on financing options that are used to pay for critical resources when needed.
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Who should take the risk management certificate
- Insurance distributors: brokers, agents, managing general agents, wholesalers
- Underwriters in risk analysis roles
- Loss prevention/fraud roles
- Operational risk management insurance roles
Completion of this program will provide you with the tools and knowledge to create comprehensive risk management strategies for clients, including:
Understanding the context of risk in an insurance role
Analyzing risk exposure
Developing analytical skills to determine the effects of risk and mitigation techniques
Demonstrating professional commitment to your career
Potential to provide entry into management roles
CIP Credits: Successfully complete the Insurance Institute's Risk Management Certificate program and you may be eligible to receive credit for two elective courses in the Chartered Insurance Professional (CIP) designation program. Learn more in the CIP Credits section of the policies page.
Canadian Risk Management Designation
The Insurance Institute’s risk management courses meet the foundational course requirements for the Canadian Risk Management (CRM) designation. The CRM is recognized by RIMS and awarded by the Global Risk Management Institute (GRMI).
To earn the CRM designation, candidates need to complete three foundational courses and pass a standardized exam for each course. The standardized exams are administered by GRMI and are separate from the course exams administered by the Insurance Institute.
Once registered in an Insurance Institute risk management course, candidates should contact GRMI to register for the corresponding GRMI exam.
Please consult the Global Risk Management Institute for complete details of the steps for obtaining the CRM designation.