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Diploma in Risk Management - Revised

Risk Management
Free Course
In this course you are introduced to the subject of Risk Management. Common risks include death, fire, income loss, illness and injury. Learn more...
  • Duration

    10-15 Hours
  • Assessment

  • Certification

  • Responsive





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All successful organisations take risks in order to survive and grow, and they need trained professionals to manage those risks. 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.

Throughout this course you will study the nature of risk management and the tools used by risk professionals to mitigate risk. You will learn why the notion of risk is linked to the notion of uncertainty.

The course begins by introducing you to the theory of risk management. You will learn about the various forms of risk that risk professionals protect their customers against and the 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. For example, one way to manage risk (at least the financial side of it), is by transferring risk to insurance companies or other firms that offer financial incentives.

Next, you will study more specific areas of risk such as 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. The course teaches you about Enterprise Risk Management (ERM) which is used to identify, assess, measure and evaluate ways to mitigate risk.

This 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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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 official Certification, which is a great way to share your achievement with the world. Your Alison Certification 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 to you to continue empowering yourself through lifelong learning

Alison offers 3 types of Certification 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 that is posted to you (with FREE standard shipping worldwide)
Framed Diploma - a physical version of your officially branded and security-marked Diploma in a stylish frame that is posted to you (with FREE standard shipping worldwide)

All Certification is available to purchase through the Alison Shop. For more information on purchasing Alison Certification, please visit our faqs. If you decide not to purchase your Alison Certification, 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 Certification pricing, please visit our Pricing Page.


Course Reviews

Dwain S.
a month ago
Dwain S.

I must admit that this course provided me with a lot more knowledge about Risk and all what is involved than I was expecting. This course would be extremely beneficial to anyone looking to pursue a career in insurance or risk management.

Ashiv M.
one year ago
Ashiv M.

This course has helped me improve my knowledge on risk management

Frank S.
one year ago
Frank S.

The Diploma in Risk Management has been such an insightful and challenging course.

Paul M.
one year ago
Paul M.

over the moon woo hoo

Edward K.
one year ago
Edward K.

Very informative course

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