0019 - CRM56 - Risk Financing
Course Description
This course, ARM 56: Risk Financing, investigates the selection, implementation and monitoring of risk financing techniques and the funds an organization can obtain to pay for any accidental losses which may strike it.
Subjects covered in this course include:
- Introduction to risk financing.
- Estimating hazard risk.
- Self-insurance plans.
- Retrospective rating plans.
- Reinsurance.
- Captive insurance.
- Contractual insurance.
- Transferring financial risk.
- Transferring hazard risk to the capital markets.
- Allocating costs of managing hazard risk.
Instructor: Sasha Alexander, Co-Founder and Principal BA, RF, CIP, Maccova Inc.
Required textbooks: Risk Financing and Risk Financing Course Guide.
Notes
A passing grade of 50% will indicate the completion of the course. You will receive a letter of completion after each course to provide GRMI, indicating you are eligible to write your course designation exam. Upon completion of all three courses with a passing grade, you will receive the Canadian Risk Management Certificate.
Prerequisites
Successful completion of Risk Assessment and Treatment (ARM 55) or a fundamental knowledge of business management, employee benefits and general insurance (e.g. work experience in the insurance field) is suggested before registering in this course.
Applies Towards the Following Certificates
- Canadian Risk Management Certificate : Canadian Risk Management Certificate