Insurance Financial and Operational Risk Management

Course summary
1 day
Next available date: Contact for info - London
Open / Scheduled

Insurance Financial and Operational Risk Management

Insurance Financial and Operational Risk Management

Solvency II is putting risk management on the agenda for every insurer. There is also a business imperative for practical risk management to be integral in strategy and operational management.

Risk management will feature within every manager’s job description, and will impact on day to day responsibilities. Therefore it is becoming a core competence with it’s own language, processes and tools.

This core workshop introduces risk management to non-risk managers and professionals: what it is and how to do it.

Suitability - Who should attend?

This Enterprise Risk Management course will benefit anyone in an organisation who manages risk or is involved in the risk management process.

Outcome / Qualification etc.

  • Explore categories of risks faced by insurers, and their consequences
  • Summarise the basic principles of risk management
  • Analyse and quantify risks
  • Identify the fundamental processes and tools of risk management
  • Assign key indicators to risks and their risk controls
  • Differentiate between working capital, economic capital and solvency capital
  • Assess the alternative ways of mitigating and/or funding risks
  • Outline the responsibilities for risk management across the firm
  • Introduce the concept of Enterprise Risk Management

Training Course Content

  • What is risk? Downside and opportunity risk. Where and how is a business vulnerable in its risk universe
  • Where is risk inherent in the insurance process?
  • Risk classifications: underwriting; market; credit; liquidity; group; operational; business; strategic; reputational
  • Risk management principles and processes: risk appetite; identification; assessment; mitigation; reporting and monitoring
  • Risk impact, frequency and volatility, and controllability…in your own areas of responsibility
  • The role and use of the risk register
  • Risk mitigation and risk funding buffers: working capital, solvency capital, and economic capital


Contact Searchlight for more information and pricing details.

Provider: Searchlight

Searchlight - Training Courses for the Business Insurance Industry

Searchlight - Leading UK Training & Consultancy Company for Insurance and Financial Services Professionals

Searchlight is the UK's foremost provider of training for the insurance and financial services industry, covering the full range of technical, regulatory and soft skills needed by professionals operating in this dynamic business environment. Searchlight was the first organisation to receive...

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Contact information for Searchlight


Riverbridge House
Guildford Road
KT22 9AD Surrey

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