All successful organisations take risks in order to survive and grow, and they need competent people to manage those risks. The Alison Learning Path in Risk Management will introduce you to the nature of risk management and the tools used by risk professionals to mitigate risk. It 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 Alison Learning Path in Risk Management is a sequence of courses that introduce the various forms of risk that risk professionals protect their customers against and the various forms of insurance that offer protection against risk to their customers. It describes the three life cycle risks that all individuals face: mortality, longevity, and health and disability, and you will study the methods by which these risks can be mitigated.
Courses in this Learning Path
Understanding Risk and Reward in Finance
Risk and reward are two important elements of investment. An investor expects that the more risk that is taken with an investment the higher the reward should be. In this free online course the learner will be introduced to the role of risk and reward in investment and the different types of risk and reward that are available depending on the type of investment.
This course also compares investment with consumption and how investment during property bubbles can actually destroy wealth.
This online course will be of great interest to professionals in the areas of finance and investments, and to all learners who would like to learn more about the risks and rewards of investments.1-2 Hour50 Points
Introduction to Risk Management
Expand your knowledge and understanding of managing risk by studying the course Introduction to Risk Management. Risk management has become a central aspect of modern business operations and is used to identify, assess, and prioritize risks within a business. Resources can then be applied to minimize and control the impact those risks will have on business operations. Modern businesses need competent people to manage risks and because of this risk management experts are now in high demand.
The course begins by emphasizing how ambiguous a term "risk" is. By presenting a wide range of definitions of the term, and a variety of scenarios that pose risk, the course will help you understand risk from a wide variety of perspectives. The course then presents and defines a range of terms commonly used by risk professionals. Next, you will learn about the manner in which risk is managed by risk professionals. By discussing the variety of methods used by professionals to mitigate risk, the course emphasizes how unique a field risk management is. The course also presents a variety of case studies based on real life events that posed significant risk, helping you to equate the theory of risk management with real life scenarios.
This course will be of great interest to professionals working in the area of risk management or those who wish to gain an insight into the industry. 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.2-3 Hours50 Points
Risk Management - Insuring Against Risk
Risk Management - Insuring against Risk explains why businesses take out insurance to mitigate the risks they face through their business operations and activities.
The course begins by providing an introduction to the insurance industry. You will be introduced to the most common phrases and terms used in the insurance industry, and you will learn about the processes that insurers go through when deciding whether or not to insure an exposure. You will also learn about the various types of insurances and insurers that exist and how they differ from each other. The course then explains about the internal operations of insurance companies. You will see how an insurance company is two businesses within one, accepting the risks faced by their customers and investing the premiums which they receive.
By reviewing how both sides of an insurance business operates you will learn how insurance companies invest the premiums from their customers in order to offer them coverage should they ever need it. The course also presents a variety of case studies based on real life events that show how insurance companies operate, helping you to equate the theory of risk management with real life scenarios. The course concludes by examining the basic requirements and characteristics of insurance contracts.
This course will be of great interest to professionals working in the area of risk management who would like to gain a better understanding of how to insure against risk. The course will also be of interest to learners who have ever purchased insurance and would like to learn more about how their premiums are calculated.2-3 Hours50 Points
Risk Management - Managing Property and Liability Risk
The course Risk Management - Managing Property and Liability Risk is the third in a series of Risk Management courses and this course is designed to expand your knowledge and understanding of the risks that property owners are faced with, and the various forms of liability which exist today.
The course begins by describing the range of risks that property owners face, and you will learn about the most common actions taken by risk professionals to mitigate such risks. In the technological world which we now inhabit, property risk is no longer confined to the physical homes that we inhabit and the items which we possess. We now face a much wider range of risks from the use of computers and the Internet. Through the use of case-studies, you will learn about companies who have fallen victim to such risks, and you will then learn about the most effective means of mitigating the risks that we face online. You will also learn about the risks that global corporations face when conducting business across multiple borders and the means by which they mitigate such risks.
The course continues by discussing liability. By examining the nature of liability from a wide range of perspectives, you will gain a greater understanding of how liability is defined and determined. You will examine the major sources of liability that exist within society and the manner by which risk professionals aim to mitigate them.
This online course will be of great interest to professionals working in the area of risk management who would like a greater understanding of managing property and liability risk. The course will also be of interest to small business or property owners who wish to learn more about identifying and mitigating the risks and liabilities that they face on a daily basis.2-3 Hours50 Points
Risk Management - Managing Life Cycle Risks
Learn about the risks that individuals face as they progress through their lives and the best ways that risk professionals recommend mitigating such risks by studying the course Risk Management - Managing Life Cycle Risks.
When one thinks of the field of risk management, risk exposures such as property, automobiles and business premises come to mind. People often forget the one risk that everyone faces: our own mortality. This course begins by presenting the risks that all individuals face throughout the life cycle, including mortality, longevity and ill-health and disability. You will learn about each of these risks in detail and examine the ways that these risks can be mitigated. You will then examine the current trends across the globe and how they are influencing the life cycle risks that we all face.
The course then examines the most common coverage for life cycle risks in developed countries: Social Security. By using the American Social Security system as an example, you will learn how many countries across the world have systems in place to protect their citizens against life cycle risks. You will study aspects of the American system, such as eligibility, types of benefits and where the finance comes from. You will then examine the issues and global trends in Social Security. The course concludes by examining life insurance. You will learn how life insurance works and the different types of life insurance that can be taken out to mitigate different life cycle risks.
This course will be of great interest to professionals working in the area of risk management who would like to gain an in depth understanding of life cycle risks and the best ways to protect their customers against them. The course will also be of interest to anyone who wishes to learn about the best ways to protect themselves against life cycle risk.2-3 Hours50 Points