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Why you need this course:
Insurance professionals are often asked to help customers examine loss exposures and determine the best method for addressing those exposures. By viewing insurance as only one of a number of risk management techniques for addressing loss exposures, the insurance professional can provide a more complete set of alternatives for the customer to consider. This course introduces risk management as a comprehensive process for identifying and addressing loss exposures. You will learn several of the more widely used risk management techniques as well as insurance, which works best as a component in a risk management program designed specifically to address the unique loss exposures of each insured.
Upon successful completion of all nine modules in this course, you should be able to:
- Describe the six steps in the risk management process.
- Describe three primary methods of identifying loss exposures.
- Explain why measuring loss frequency and loss severity is important in analyzing loss exposures.
- Describe the risk management techniques of risk control and risk financing.
- Describe the financial criteria and guidelines for selecting risk management techniques.
- Describe procedures for implementing risk management techniques.
- Describe procedures for monitoring and revising a risk management program.
- Explain the benefits of sound risk management.
- Given a case, recommend risk management techniques appropriate for an individual, a family, or a business.
We recommend that you study the modules in the order presented in the course.
Contact Customer Service.
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