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Attention: This course is not approved for State reported continuing education credits.
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This Online MEGA is allowed only for CIC, CRM and CPRM Dues Paid designees.
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The State of Nevada has only approved this course for 3 credits of Property & Casualty and 3 credits of Ethics.
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OVERVIEW AND TOPICS
Get the skills needed to correctly identify exposures by building a firm foundation in the fundamentals of risk management. This 16-hr course provides you with the resources to accurately identify exposures—the first and most crucial stage in the risk management process. Insurance professionals interested in earning the CRM designation are advised to enroll in this course first.
Introduction to Enterprise Risk Management
Explore the concept of Enterprise Risk Management (ERM) and how the process and goals differ from those of Traditional Risk Management. Review the purpose, key components, and benefits of ISO 31000 and COSO ERM frameworks and guidelines for managing risk.
Risk Management and the Organization
Discover how the risk management program fits within a typical organization, how it supports the organization’s strategic goals and objectives, and classes of risk as risk identification tools.
Introduction to Risk Identification
Become familiar with the four logical classifications of exposures, the concept of negligence, and the requirements of an enforceable contract as well as the remedies for breach of contract.
Risk Identification Methods I - Self Administered Tools
Learn how to use self-administered risk identification tools including checklists and surveys, flowcharts, and physical inspections.
Risk Identification Methods II - Loss Data Analysis
Learn to accurately gather and evaluate loss data to identify risks.
Risk Identification Methods III - Financial Statement Analysis
Examine a variety of Property Valuation methods and when each is used. Review the components of an Income Statement, Balance Sheet, and Statement of Cash Flows.
Risk Identification Methods IV - Internal and External Review
Consider the internal and external review methods for identifying risk exposures including Insurance Policy Review, Policies and Procedures review, Non-Insurance Contract review, and the use of Experts.