Executive Certificate in Risk Management and Insurance

Overview

Welcome to the Executive Certificate in Risk Management and Insurance programme.

We are pleased to have you join this professional learning journey as you develop your understanding of modern risk management practices and the critical role of insurance in supporting organizational resilience and financial protection.

Organizations today operate within increasingly complex and uncertain environments characterised by operational risks, financial exposures, liability concerns, regulatory requirements, technological disruption, and emerging global threats. Effective risk management and insurance practices therefore play a central role in helping organizations identify, assess, manage, and transfer risk appropriately.

This programme is designed to provide practical understanding of insurance operations, risk management principles, risk assessment processes, insurance solutions, and enterprise risk management practices used within modern organizations.

Throughout the programme, you will explore key areas such as:

The principles and foundations of insurance and risk management
Risk identification, analysis, and risk assessment techniques
Risk control and risk mitigation strategies
The role of insurance in risk transfer and financial protection
Underwriting and claims management within insurance operations
Designing insurance programmes to address organizational risks
Enterprise risk management concepts and governance considerations

The programme has been designed using a practical and structured learning approach to help you progressively build both technical understanding and professional confidence in insurance and risk management practice.

As you move through the programme, we encourage you to:

Study consistently and engage actively with the content
Relate the concepts to real insurance and risk management environments
Make use of the Notes feature to support revision and reference
Focus not only on understanding concepts, but also on their practical application

We trust that you will find the programme informative, engaging, and professionally valuable.

We wish you a productive and rewarding learning experience, and every success in your completion of the Executive Certificate in Risk Management and Insurance programme.

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Learning Outcomes

On successful completion of this course, you will be able to:

Explain the fundamental principles of insurance and describe how insurance operates as a financial risk-transfer mechanism in both personal and commercial contexts;
Identify and analyse different types of risks and loss exposures, and apply the structured steps of the risk management process to real-world organisational and individual scenarios;
Demonstrate an understanding of insurance regulation, including market conduct, solvency requirements, and the role of regulators in protecting policyholders and ensuring industry stability;
Describe the structure and content of insurance policies, including key policy provisions, coverage categories, exclusions, and conditions, and analyse policy wordings for suitability;
Differentiate between personal and commercial insurance coverages, including property, liability, auto, homeowners, and life insurance products;
Apply core underwriting principles, including risk assessment, information gathering, pricing considerations, and the evaluation of underwriting results across personal and commercial lines;
Explain the underwriting process for major classes of insurance, including property, liability, auto, and umbrella/excess liability, using recognized models such as COPE;
Understand the claims function and claims handling process, including legal, regulatory, and ethical considerations in claims management;
Identify indicators of insurance fraud and explain the importance of fraud detection, prevention, and anti-fraud efforts in protecting insurers and policyholders; and
Integrate insurance, underwriting, claims, and risk management knowledge to support effective customer service, sound decision-making, and improved organisational performance within the insurance industry.

Section 1: Property,Casulty and Life Insurance

Section 2: Risk Management

Section 3: Underwriting

Section 4: Claims

Price: USD325

Course Features

Modules 68
Duration 12 Weeks
Content Type Text & media
Assessment Yes
Pass Percentage 70%
Certificate Yes

Executive Certificate in Risk Management and Insurance

Overview

Learning Outcomes

Section 1: Property,Casulty and Life Insurance

Module 1: The Meaning of Insurance

Module 2: Types of Property-Casualty Insurance

Module 3: How Insurers Use Premium Shillings

Module 4: Overview of Insurance Functions

Module 5: Parties in an Insurance Transaction

Module 6: How Insurance is Marketed

Module 7: The Functions of a Producer

Module 8: The purpose of Insurance Regulation

Module 9: Regulating Market Conduct and Insurer Solvency

Module 10: Structuring Insurance Policies

Module 11: Categories of Policy Provisions

Module 12: Analyzing an Insurance Policy

Module 13: Personal Property and Liability Loss Exposures

Module 14: Homeowners Coverage

Module 15: Personal Auto Coverage

Module 16: Other Personal Coverages

Module 17: Commercial Property Loss Exposures

Module 18: Commercial Property Coverages

Module 19: Commercial Property Causes of Loss

Module 20: Commercial Liability Loss Exposures

Module 21: Commercial Liability Coverages

Module 22: Life Insurance and Life Insurance products

Module 23: Life Insurance Applications and Receipts

Module 24: Life Insurance and Financial Planning

Section 2: Risk Management

Module 1: The Meaning of Risk Management

Module 2: Different types of Risks

Module 3: Different Types of Loss Exposures

Module 4: Benefits of Risk Management

Module 5: Steps in the Risk Management Process

Module 6: Tools and Methods Used for Exposure Identification

Module 7: The Primary Techniques for Treating Loss exposures

Module 8: Criteria Used to Select Appropriate Risk Management

Module 9: Monitoring and Reporting on Risk

Module 10: The Relationship Between Risk Manager and the Organization

Module 11: Common Objectives and Goals for Risk Management

Module 12: The Role of the Board in Overseeing Risk Management

Section 3: Underwriting

Module 1: Underwriting and its Purpose

Module 2: Underwriting Responsibilities

Module 3: Essential Knowledge and Skills for Underwriters

Module 4: Overview of the Underwriting Process

Module 5: How Underwriting Results are Measured

Module 6: Personal Auto Underwriting

Module 7: Commercial Auto Underwriting

Module 8: Primary Sources of Information for Underwriting Property

Module 9: Underwriting Property Insurance Using the COPE Model

Module 10: Personal Liability Underwriting

Module 11: Commercial General Liability Underwriting

Module 12: Personal Umbrella Underwriting

Module 13: Commercial Umbrella and Excess Liability Underwriting

Section 4: Claims

Module 1: The Claims Function

Module 2: The Role of Claims Managers and Claims supervisors

Module 3: The Role of Technical Specialists and Producers

Module 4: Claims Professional Knowledge and Skills

Module 5: Ethics in Claims

Module 6: The Claims Handling Process

Module 7: Legal Factors and the Claims Environment

Module 8: Regulatory Requirements for Claims Handling

Module 9: Investigating Bodily Injury Claims

Module 10: Determining Bodily Injury Damages

Module 11: Determining Property Damages

Module 12: Evaluating Claims Results Using Financial Measures

Module 13: Evaluating Claims Results Using Non-financial Measures

Module 14: Importance of Detecting and Preventing Insurance Fraud

Module 15: Types of Insurance Fraud

Module 16: Motives for Insurance Fraud

Module 17: Indicators of Possible Insurance Fraud

Module 18: Anti-Fraud Efforts

Module 19: Overview of the Civil Trial System

Price: USD325

Course Features

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