Course Description

This course is one of three prerequisite courses to obtain your CRM Designation from the Risk and Insurance Management Society (RIMS). After passing the course through Laurier, you will become eligible to write the corresponding exam from RIMS. More information about CRM Desigination Eligibility
CRM54: Risk Management Principles and Practices is intended to familiarize you with the basic concepts and processes of risk management in a Canadian environment.
Subjects covered in this course include:
  • Risk management concept and objectives
  • Risk management in an organization and its effect on profits
  • Risk management techniques
  • Risk identification and analysis
  • Property risks
  • Income risks
  • Liability risks: traditional, industrial, consumer, environmental
  • Employee (personnel) risks
  • Probability techniques in risk management
  • Risk management decision-making and capital budgeting methods

Required textbooks: Risk Management Principles and Practices and Risk Management Principles and Practices Course Guide



  • A passing grade of 50% will indicate the completion of the course.
  • You will receive a letter of completion after this course to provide to RIMS, indicating you are eligible to write your course designation exam (designation exam is an additional fee from RIMS, full details here).
  • Upon completion of all three courses, you will receive the Canadian Risk Management Certificate from Laurier

Complete all Courses in this Certificate

Register for all three CRM certificate courses at once to receive a 10% discount (apply the discount at checkout). Courses run once per year and can be taken in any order. 


  • Up to 10 days before the start of course: Full refund less 15% administrative fee.
  • One to nine days before start of course: Full refund less 30% administrative fee.
  • No refunds will be issued as of the first day of the course.


Applies Towards the Following Certificates

Enroll Now - Select a section to enroll in
Section Title
CRM54 - Principles and Practices
7:00PM to 8:00PM
Sep 10, 2024 to Nov 26, 2024
Schedule and Location
Total Hours
Delivery Options
Course Fee(s)
Course Fee non-credit $650.00
Potential Discount(s)
Section Notes
CRM54 is one of the 3 required courses to complete the Risk Management Certificate.
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