Level: Intermediate
Why you need this course:
After completing this course, you’ll be able to evaluate your organization’s overall mix of retained and transferred loss exposures.
Upon successful completion of this course, you should be able to:
- Explain how individuals or organizations can achieve their overall and risk management goals by fulfilling the following risk financing goals:
- Pay for losses
- Manage the cost of risk
- Manage cash flow variability
- Maintain an appropriate level of liquidity
- Comply with legal requirements
- Describe the following aspects of retention and transfer:
- Retention funding measures
- Limitations on risk transfer measures
- The advantages of both retention and transfer
- Explain how the following can affect the selection of the appropriate risk financing measure:
- Ability of a risk financing measure to meet risk financing goals
- Loss exposure characteristics
- Characteristics specific to an individual or organization
- Explain how an organization meets its risk financing goals by using the following risk financing measures:
- Guaranteed cost insurance
- Pools
- Self-insurance
- Retrospective rating plans
- Large deductible plans
- Hold-harmless agreements
- Captives
- Capital market solutions
- Finite risk plans
- Explain how risk financing measures are applied to the four types of loss exposures.
Cost: $20 per Professional Development Hour (PDH). Information on Professional Development Hours (PDH) provided can be found here.
Evaluating Risk Financing Topics Include:
- How overall and risk management goals can be achieved by fulfilling risk financing goals
- Retention funding measures and the limitations on risk transfer measures as aspects of retention and transfer
- How the ability of a risk financing measure to meet risk financing goals, loss exposure characteristics, and characteristics specific to an individual or organization can affect the selection of the appropriate risk financing measure
- How guaranteed cost insurance, pools, self-insurance, retrospective rating plans, large deductible plans, hold-harmless agreements, captives, capital market solutions, and finite risk plans help an organization meets its risk financing goals
- How risk financing measures are applied to the four types of loss exposures
Additional Course Resource
Additional Knowledge Solutions
E-mail: customerservice@TheInstitutes.org
Phone: (800) 644-2101
Fax: (610) 640-9576
Mail: AICPCU/IIA
720 Providence Road
Suite 100
Malvern, PA 19355-3433
Customer Service hours are Monday through Friday, 8:00 a.m. to 6:00 p.m. eastern time.
