Diploma in Risk Management | Free Online Certificate Course | Alison

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Diploma in Risk Management

Learn more about risk and risk management practices and procedures.

Risk Management
Free Course
Learn more about risk and risk management practices and procedures.





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The course Diploma in Risk Management covers the key topics of risk management and will provide learners with an in depth knowledge of the field.

All successful organisations take risks in order to survive and grow, and now more than ever, they need competent people to manage those risks. Throughout this course you will study the nature of risk management and the tools used by risk professionals to mitigate risk. In section 1 you will study the theory of risk management. You will learn about the various forms of risk that risk professionals protect their customers against and the fundamental tools that they use to do so. You will also learn about the various forms of insurance that offer protection against risk to their customers. You will study the process that insurers follow when deciding whether or not to insure a new customer.

In section 2 you will study more specific areas of risk. You will learn about property and liability risk. You will study the various risks that property and liability owners face on a daily basis and the manner in which they mitigate such risks. You will then learn about the three life cycle risks that all individuals face, mortality, longevity, and health and disability. You will study the methods by which these risks can be mitigated. This free online Diploma course will be of great interest to anyone working in the area of risk management, those who wish to gain an insight into the industry, and anyone wanting to pursue a career as a risk manager .

The course will also be of interest to small business owners who wish to learn more about mitigating the risks that they face on a daily basis.

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Module 1: The Nature of Risk - Losses and Opportunities

Module 2: Evolving Risk Management - Fundamental Tools

Module 3: Introduction to Insurance

Module 4: Insurance Operations

Module 5: Insurance Contracts

Module 7: Property Risk Management

Module 8: Liability Risk Management

Module 9: Introduction to Life Cycle Risks

Module 10: Introduction to Social Security

Module 11: Introduction to Life Insurance

Module 6: Diploma in Risk Management - First Assessment

Module 12: Diploma in Risk Management - Second Assessment

Module 13: Diploma in Risk Management - Final Assessment

Learning Outcomes

Having completed this course the learner will be able to: - 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.


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 and 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

All Diplomas are available to purchase through the Alison Shop. For more information on purchasing Alison Diplomas, please visit our FAQs. If you decide not to purchase your Alison Diploma, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Diploma pricing, please visit our Pricing Page.


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