NUS Extension

Programmes


  • Senior Risk managers/Directors
    /CROs
  • Strategic Planning Managers
  • Insurance managers, brokers, Loss adjustors
  • Internal Auditors,  Managers and
    Accountants
  • Safety, Health and Environmental professionals
  • Crisis and business Continuity Managers
  • Legal professionals



1 Days


Click on the selected date to apply now or download registration form to apply later.

Intake 01
17 Aug 09

Intake 02
09 Nov 09




S$835 (Inclusive of GST)


NUS Extension (#12-01 Park Mall)

 


CCM4 - How to Finance Risks Effectively Through Insurance, ART and other Techniques

Synopsis

In today's global and volatile Risks are waiting to happen. It is the nature of life. And when they do, we should be prepared to minimize their adverse impacts and possibly leverage on the opportunities they create. These accidents could be a major fire, a change of regulation, a chemical spillage, the entry of a new competitor, an explosion or a fraud committed by a senior manager. Whether you are working for a commercial corporation or not-for-profit organization, all entities have a business, legal and often moral responsibilities to deal with risks in an effective and appropriate manner.

Besides protecting physical assets and human lives, organizations are becoming more concerned about protecting intangible assets as well. Intangible assets include intellectual property, product brands and corporate reputation.

This workshop provides an detailed understanding on the wide range and types of losses an organization is exposed to and the potential financial impacts of those losses. Participants will learn the Key Risk Financing Techniques to Protect Your Tangible and Intangible Assets. How and when to select and apply the right risk financing Techniques and how to analyze carefully the pros and cons associated with the financing techniques of transfer, retention and insurance.

This Workshop in summary will guide you through a wide range of risk financing strategies, explains how they work, and suggests when they are most appropriate in wide range of specific scenarios.


Course Outline

  • Understanding the role and importance of Risk Financing in the overall context of the management of Risk in an organization
  • Learn the key risk financing goals from paying for losses to liquidity, compliance requirements, uncertainty management, etc.
  • Understanding the major types of losses/opportunities i.e. Strategic, operational, financial, etc and how loss characteristics affect risk financing technique selection.
  • Analyzing the impact of risks, crises and losses on your organization’s balance sheet, Profit and Loss, and cash flows
  • Understanding the concept of acceptable risk / risk tolerance both terms of perception and financial capability.
  • What are the techniques to prevent and/or reduce the impact of losses and when to use them effectively?
  • Effective methods of risk financing to ensure the firm is able to bear the financial consequences of loss events How in addition, to increase performance by optimizing the risk/return balance with proper capital allocation and risk financing
  • How to structure an effective insurance, How and when to use captives, bonds and other financial risk transfer mechanisms
  • And more…





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