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Prevention & risk management

GDR training: deploying a comprehensive risk management approach (ERM360)

Duration : 2 Jours Download the course sheet as PDF
IFECARM GROUP
Course sheet
Prevention & risk management 2 Jours From 150 000 FCFA

In a nutshell

What this course aims to achieve

Identification, reduction and financing of operational risks within a risk management approach.

Two days on steering a whole-organisation operational risk management programme, beyond identification: reduction, financing, transfer to insurance, and trading off the total cost of risk.

Key challenges

  • A risk map and an insurance programme are almost always built separately, by two departments that do not talk to each other. The organisation then pays twice for the same risk.
  • The total cost of risk appears on no accounting line: premiums, deductibles, uninsured losses and business interruption are scattered across several budgets.
  • A prevention investment only wins its case when compared with the cost of the risk it avoids, which presupposes being able to put a figure on that risk.

Learning objectives

  • Structure a whole-organisation operational risk management programme
  • Cost out the total cost of risk of one's own organisation
  • Trade off reduction, retention, transfer and financing
  • Align prevention with the insurance programme
  • Argue a prevention budget before a senior management team

Detailed programme

  1. 1Whole-organisation risk management: scope, governance, place in the organisation
  2. 2Identification and prioritisation of operational risks
  3. 3Quantification: frequency, severity, maximum foreseeable loss, business interruption
  4. 4Total cost of risk: premiums, deductibles, losses, indirect costs, prevention
  5. 5Reduction: prevention and protection investments, return on investment
  6. 6Retention and financing: deductibles, reserves, captives
  7. 7Transfer: insurance programme, cover, exclusions, the insured's obligations
  8. 8Steering: indicators, management review, risk dashboard
  9. 9A workshop costing the risk on a case brought by participants

Target audience

  • Risk managers and insurance managers
  • Finance departments and management control
  • QHSE managers wanting to put figures on their prevention projects

Prerequisites

  • Knowledge of one's organisation's activities and loss history
  • Basic grounding in management and in reading accounts

Learning methods

Two days face-to-face, with a costing workshop on a real case

Total-cost-of-risk calculation templates provided to participants

Learning assessment

Costing of a total cost of risk and a reasoned trade-off

Validation quiz

Scope of application

The course covers a risk management method, not insurance advice: it does not analyse participants' policies and constitutes no recommendation on cover. Any cover and exclusions mentioned are used for teaching purposes only.

Upcoming sessions

Register for a session

Dates are set by our team. Choose a session and the number of participants: your registration is recorded and confirmed once payment is received.

From 150 000 FCFA per participant

No session scheduled at the moment. Contact us to be told about the next session or to arrange a tailor-made course.

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