Risk Management Certificate Program Courses

The Risk Management courses are delivered through facilitated online learning. There is no weekly live class, but all students follow the same weekly schedule for readings, assignments, and graded online interaction under the guidance of an instructor. Course materials include a text book and course guide. For more information visit program fees.

Time commitment: About 6-8 hours a week per course to complete readings, learning activities and online discussion.

We recommend that you take only one course at a time, and that you complete the courses in the order listed.

Please note:

Each Insurance Institute Risk Management course has its own final examination. These examinations are held at our proctored computer-based examination (CBE) centres. Your course registration confirmation will include details of your exam booking and how to request a change of date if required.

The Insurance Institute's examinations are separate from the examinations required for the CRM designation. Please see below for further information about CRM requirements.

Canadian Risk Management Designation

The Insurance Institute of Canada is pleased to be an authorized provider of risk management courses that meet the foundational course requirements for the CRM designation. The CRM is recognized by RIMS and awarded by the Global Risk Management Institute (GRMI)

Please note that the Insurance Institute of Canada does not does not issue the CRM designation itself or administer the standardized CRM exams. The exams administered by the Insurance Institute form part of the course grade only. 

If you are pursuing the Canadian Risk Management (CRM) designation, once registered in a risk management course, you must contact the Global Risk Management Institute to register for the corresponding GRMI standardized exam. 

Please consult the Global Risk Management Institute for complete details of the steps for obtaining the CRM designation.

Continuing Education Credits

The Insurance Institute's risk management courses are approved for CE credits in applicable Canadian jurisdictions.

Risk Management courses are offered in three semesters each year: fall, winter and spring. The following dates and deadlines apply.


Fall Term September to December
Winter Term January to April
Spring Term April to July


Registration Period      Registration open June 8 to August 31
Withdrawal Deadline  September 26, 2022


Registration Period      Registration open October 1 to December 31
Withdrawal Deadline  January 23, 2023


Registration Period      Registration open January 15 to March 31
Withdrawal Deadline  April 24, 2023


Students wanting to withdraw from a course must submit a written request by letter or email to the Insurance Institute of Canada by the deadlines shown. Course withdrawals are subject to an administrative fee. See the Fee Schedule and the Risk Management Program Policies for details.


Fall 2022 September 12 to November 27, 2022
Winter 2023 January 9 to March 26, 2023
Spring 2023 April 10 to June 25, 2023


Midterm exams for the Risk Management courses are held online but do not require a supervisor.

FALL 2022

R110: Risk Management Principles and Practices Wednesday, October 26, 2022
R120: Risk Assessment and Treatment Thursday, October 27, 2022
R130: Risk Financing Friday, October 28, 2022


R110: Risk Management Principles and Practices Wednesday, February 22, 2023
R120: Risk Assessment and Treatment Thursday, February 23, 2023
R130: Risk Financing Friday, February 24, 2023


R110: Risk Management Principles and Practices Wednesday, May 24, 2023
R120: Risk Assessment and Treatment Thursday, May 25, 2023
R130: Risk Financing Friday, May 26, 2023



Final exams for the Risk Management courses are 90 minutes long. Final examinations are offered in a Virtually Proctored Computer Based Format or In-person exam format. To enhance question security and minimize question exposure, The Insurance Institute of Canada’s examinations use multiple examination forms. A statistical process of forms equating is used to ensure that the examination forms are of equal difficulty. The result is that the performance required to meet the standardized passing score is the same for each examination form and that student results from different forms are comparable.

Please note that the final exams use a different software platform from the course itself and involve different access procedures. Please carefully review all information on our Examinations webpage before your examination.

Fall 2022 Courses December 1–15, 2022 
Winter 2023 Courses April 3–18, 2023
Spring 2023 Courses July 4–17, 2023

NB: Students pursuing the CRM designation must also pass separate exams administered by GRMI. See the Canadian Risk Management Designation section above.


Final course results are available for paid members of the Institute.

Students will be notified by email when their course results are released. The release date for grades may vary by course. It is important for students to keep their email contact information up to date in their member profiles.

To obtain results:
1. Log in to your member account on this site
2. Go to “My Education”
3. Go to “My Courses” > “Course Record”