This seminar lays a solid foundation for an overall knowledge of the risk management process, and gives the tools for identifying exposures - the first step in the risk management process.

Risk analysis involves developing an understanding of risk, which is an important step in the risk management process, and provides the foundation upon which informed decisions on mitigation may be based. Analysing risk allows priority areas to be targeted for mitigation and can assist in the allocation of limited resources. Risk analysis may therefore play an important role in cost?benefit studies, which compare the costs of a particular action or project against its potential benefits.

This Seminar provides an overview of risk analysis, with a particular focus on assessing the components of likelihood and consequence. Three factors which contribute to risk?hazard, exposure and vulnerability?are introduced.

This course focuses on theories of accident causation, explains fundamental risk control techniques and discusses the application of control measures to various types of risks. It also discusses the application of system safety analysis to identify potential losses and explains how to motivate members of an organization to apply risk control measures and how to monitor the effectiveness of those measures.

Risk Financing includes the selection, implementation and monitoring of risk financing techniques. Upon successful completion of this course, participants should be able to understand the usefulness of insurance as a risk financing technique, apply loss forecasting to select from various risk financing alternatives, understand various risk financing techniques, including Self insurance, Retrospective rating plans, Reinsurance, Captive insurance plans, Finite and integrated risk plans.

This seminar consolidates all the aspects of risk management and tackles the daily managerial and organization requirements of risk managers and consultants.