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Overview
Program Description
The Risk Management Essentials program is designed to provide
risk managers a foundation of knowledge and skills needed to
identify, assess, monitor and limit risks. The courses in this
program are required to complete the Canadian Risk Management (CRM)
designation and are recognized by the Risk and Insurance Management
Society (RIMS) and awarded by the Global Risk Management Institute
(GRMI).
Upon successful completion of this program, a student can
transfer all these courses into the Insurance & Risk Management
graduate certificate program (IRM1) (admission requirements
apply).
Courses
Program Requirements
| Level 1 | ||||
| Take all of the following Mandatory Courses: | ||||
| Expected Availability | ||||
| Credits | Fall | Winter | Summer | |
| Risk PrinciplesINSR-3020 | 3 | No | Yes | No View More Details about INSR-3020 |
| Students will develop an understanding of the risk management process, and its costs and benefits to an organization. This course focuses on identifying and analyzing loss exposures in the areas of property, liability, management, personnel and net income. Students will also be introduced to forecasting and understanding and applying cash flow analysis. | ||||
| Assessing RiskINSR-3028 | 3 | Yes | No | No View More Details about INSR-3028 |
| This course introduces students to the key methods for assessing and managing various types of risks, including both common and newer risks encountered by organizations. Students will learn practical assessment techniques, such as root cause analysis, which can be applied to different risk categories like hazard, operational, financial, and strategic risks. The course also covers the comparison of different risk management strategies, helping students understand the advantages of each approach. | ||||
| Financing RisksINSR-3031 | 3 | No | Yes | No |
| This course offers an introduction to risk financing, focusing on how different options are considered for managing an organization's various risks. Students will learn techniques for estimating losses from hazard risks and will explore the pros and cons of different risk financing methods, including insurance, reinsurance, captive insurance, and contractual risk transfer. The course also covers ways to transfer financial and hazard risks to the capital markets and discusses strategies for allocating hazard risk costs within an organization. | ||||
| Program Residency | ||||
| Students Must Complete a Minimum of 3 credits in this program at Fanshawe College to meet the Program Residency requirement and graduate from this program | ||||
Program Details
Program Code
RME1
Delivery
In Class
Part-Time
Part-Time
Topic Area
Business
Credential