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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).

Courses

Program Requirements

Level 1
Take all of the following Mandatory Courses:
Expected Availability
CreditsFall Winter Summer
Risk ManagementINSR-60053YesNo
This course focuses on an enterprise approach to commercial risk management, including a discussion of global risk management standards and guidelines. Students will explore risk beyond the traditional hazard risk to include financial and strategic risks. Risk identification and analysis tools and techniques will be discussed in detail.
Risk FinancingINSR-60113NoYes
This course provides an overview of risk financing including how alternatives are examined in regards to all of an organizations risks. Techniques for estimating losses arising from hazard risk are examined. The student will explore the advantages and disadvantages of alternative risk financing techniques for hazard risk such as insurance, reinsurance, captive insurance and contractual risk transfer. Various methods for transferring financial and hazard risks to the capital markets are also discussed, along with how to allocate costs associated with hazard risk within an organization.
Risk Assessment & TreatmentINSR-60083NoYes
This course provides learners with an understanding of the assessment and treatment techniques for the major categories of risk, including both the traditional and emerging risks faced by all organizations. Students will explore assessment techniques, such as root cause analysis, that can be applied to an organizations risks (hazard, operational, financial and strategic). Students will also compare the benefits of various risk treatment alternatives.

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
Topic Area
Business