Executive Certificate in Risk Management and Insurance

Overview

The Executive Certificate in Risk Management and Insurance is a comprehensive professional programme designed to equip participants with a solid foundation in insurance principles, risk management, underwriting, and claims management. The course is ideal for individuals entering the insurance industry, professionals working in non-technical roles within insurance and financial services, and those seeking to strengthen their understanding of how insurance functions as a risk-transfer and financial protection mechanism.

The programme provides an integrated view of the insurance value chain, covering property, casualty and life insurance, the risk management process, underwriting practices, and claims handling, including fraud detection and prevention. Learners gain practical insight into how risks are identified, analysed, financed, and managed within organisations, and how insurance products are structured, priced, sold, and administered in a regulated environment.

Through a structured, distance-learning (online) format, the course builds professional confidence, technical awareness, and practical competence, enabling participants to serve customers more effectively, support organisational decision-making, and contribute meaningfully to insurance operations. Successful participants are awarded the Executive Certificate in Risk Management and Insurance, a qualification recognized and accredited by the Australian and New Zealand Institute of Insurance and Finance (ANZIIF), supporting progression toward professional insurance membership and career advancement.

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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: US$325

Course Features

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

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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: US$325

Course Features

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