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 January 15 to March 31
Withdrawal Deadline  April 26, 2021


Registration Period      Registration open June 1 to August 31
Withdrawal Deadline  September 21, 2020


Registration Period      Registration open October 1 to December 31
Withdrawal Deadline  January 18, 2021


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.


Spring 2021 April 12 to June 30, 2021
Fall 2020 September 7 to November 30, 2020
Winter 2021 January 4 to March 31, 2021


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


R110: Risk Management Principles and Practices Wednesday, May 26, 2021
R120: Risk Assessment and Treatment Thursday, May 27, 2021
R130: Risk Financing Friday, May 28, 2021

FALL 2020

R110: Risk Management Principles and Practices Tuesday, October 20, 2020
R120: Risk Assessment and Treatment Wednesday, October 21, 2020
R130: Risk Financing Thursday, October 22, 2020


R110: Risk Management Principles and Practices Wednesday, February 17, 2021
R120: Risk Assessment and Treatment Thursday, February 18, 2021
R130: Risk Financing Friday, February 19, 2021



Please note: Due to the changes the Insurance Institute has implemented in response to COVID-19, the exam process has been revised.


Final exams for the Risk Management courses are 90 minutes long. Exams will be computer-based and virtually proctored. 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 review the Virtually Proctored Examination information for details of final exam procedures. 

Fall 2020 Courses Exams November 28 to December 13, 2020
Winter 2021 Courses Exams April 1 to 14, 2021
Spring 2021 Courses Exams July 2 to 14, 2021

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”