Risk Management (Free Online Course With Diploma)

This free online risk management course will help you identify perils and hazards and improve your skills in managing risk. Risk management is essential for the success of every business as it helps identify, assess, and manage financial problems at every turn. The course will teach you why there is a need for risk management tools as well as the main steps of risk management that every business professional needs to know.

This Free Online Course Includes:

• 10-15 Hours of Learning
• CPD Accreditation
• Final Assessment

Alison Certificates

All Alison courses are free to enrol study and complete. To successfully complete this Diploma course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Diploma course, you have the option to acquire an official Diploma, which is a great way to share your achievement with the world.

Your Alison Diploma is:

• Ideal for sharing with potential employers
• Include it in your CV, professional social media profiles and job applications.
• An indication of your commitment to continuously learn, upskill & achieve high results.
• An incentive for you to continue empowering yourself through lifelong learning.

Alison offers 3 types of Diplomas for completed Diploma courses:

• Digital Diploma: a downloadable Diploma in PDF format immediately available to you when you complete your purchase.
• Diploma: a physical version of your officially branded and security-marked Diploma, posted to you with FREE shipping.
• Framed Diploma: a physical version of your officially branded and security-marked Diploma in a stylish frame, posted to you with FREE shipping.

This course will first introduce you to risk management. You will learn the importance of risk management methodology and risk management tools following the 2008 financial collapse. You will study the ideal requisites for insurability, the types of insurance and insurers, and the essential elements of insurance contracts. The course will cover the criteria required for participants in a contract, the principle of indemnity, and the concepts of insurable interest and subrogation.

You will then study the classification of real and personal property and its effect on risk exposure and valuation. The course will discuss the five categories of e-commerce property risk, liability and legal ramifications, and the factors and solutions pertaining to global risk exposure. You will learn the most common source of liability with regard to activities/conduct and the benefits that are applicable to survivors of deceased insured workers. You will also study the six main life insurance riders and the benefits of group life insurance.

Risk is part of our daily lives and businesses. Whether you are driving a car or starting a business, the risk of damage and injury is there. Learning how to manage risk and having the right insurance measures in place will make it easier for you when things go wrong. This Diploma in Risk Management course will help you identify and explore potential risks in organizations so make sure to check it out and start learning how to control, prevent, and reduce losses that can result from risk.

Module 1

Exploring Risk

6 units of interactive presentations: Introduction to Risk - 2008 Financial Crisis; Risk and Uncertainty; Risk and Behaviour; Diversifiable and Nondiversifiable Risks; Risk Exposure; Tangible and Intangible Risks. Note: each module in this course includes learning outcomes and lesson summary topics.

Module 2

Risk Management Processes

6 units of interactive presentations: Risk Maps; Risk Management Tasks; Risk Map Analysis; Risk Management Systems; Risk Management Matrix; Evaluating Risk Management.

Module 3

Insurance for Risk

6 units of interactive presentations: Introduction to Insurance; Risk Exposure; Private Insurance; Insurability and Cost; Types of Cover; Government Funded Insurance.

Module 4

Insurance Operations

5 units of interactive presentations: Insurance Structures; Insurance Brokers and Agents; Determining Insurability; Data Analysis; Reinsurance.

Module 5

Insurance Contracts

3 units of interactive presentations: Valid Contracts; Ethical Contracts; Beneficiaries.

Module 6

Diploma in Risk Management - First Assessment

This assessment will test your knowledge of Modules 1 - 5 from the following course: Diploma in Risk Management - Revised. You can re-take this assessment until a successful outcome is achieved.

Module 7

Property and Global Risk

4 units of interactive presentations: Introduction to Property and Liability Risks; Property Coverage: Real and Personal; Computer-Related Risks and Cover; Global Risks.

Module 8

Liability

5 units of interactive presentations: Risk Policy Creation; Negligence and Liability; Property and Professional Liability; Product and Professional Liability; E-Commerce and Liability Limitations.

Module 9

Life Cycle Risks

5 units of interactive presentations: Introduction to Life Risk Factors; Mortality Risk; Older Age Risks; Age and Healthcare; Demographics and Cost.

Module 10

Social Insurance

3 units of interactive presentations: Introduction to Social Security; Social Security: Benefits and Entitlements; Funding Social Security.

Module 11

Life Insurance

6 units of interactive presentations: About Life Insurance; Life Insurance Premiums; Life Insurance Plans; Life Policy Features; Riders and Waivers; Group Insurance.

Module 12

Diploma in Risk Management - Second Assessment

This assessment will test your knowledge of Modules 7 - 11 from the following course: Diploma in Risk Management - Revised. You can re-take this assessment until a successful outcome is achieved.

Module 13

Course assessment

What You Will Learn In This Free Course

• Define risk from a wide variety of perspectives.
• List the various processes that risk professionals engage in to identify and mitigate risk.
• Describe the process that insurers go through when insuring an exposure.
• Describe the basic requirements and characteristics of insurance contracts.
• Describe the range of risks that List the various risks that global corporations face.
• State and define the most common sources of liability in society.
• Define the risks that all individuals face throughout the life cycle.
• Discuss the various ways in which life cycle risks can be mitigated.

Complete This CPD Accredited Course & Get Your Diploma!

Certify Your Skills

A CPD-accredited Alison Diploma/Certificate certifies the skills you’ve learned.

Stand Out From The Crowd

Add your Alison Certification to your resume and stay ahead of the competition.

Advance in Your Career

Share your Alison Certification with potential employers to show off your skills and capabilities.

Risk Management Specialist

Risk is inherent in all fields of life, but being prepared to tackle it can help mitigate and leverage it for gain. Risk Management Specialists are financial experts who help in establishing and protecting businesses. They guide enterprises towards optimal operating efficiency and higher profits by identifying and controlling potential risks and losses and meeting strategic goals.

Insurance Adjuster

They say time can heal almost every loss. Sometimes, money helps hasten the healing and Insurance Adjusters facilitate the process. They review the grounds for filing a claim in case of a loss and authorise payments to the insured.

Property Manager

From the moment humans realised the value of a secure shelter, Property Managers have used a judicious mix of land, labour, physical capital and entrepreneurial wit to ensure the smooth and lucrative operation of income properties under their charge.

Credit Analyst

Financial management is at the heart of any business. Credit Analysts help drive forward theirs by analyzing financial data to assess borrowers’ likelihood of honouring their financial obligations.