Risk stands for the uncertainty and in financial world risk management is the process of identification, analysis and acceptance or mitigation of uncertainty in investment decision. Essentially, risk management occurs any time and investor or fund manager analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action given his investment objectives and risk tolerance. Insurance and Risk Management determine the principles that are use to manage risk at the point and fund that risk events. The short-term insurance, life insurance, medical insurance, and retirement funding markets collect substantial sums of money to fund risk. Candidates of insurance risk management are well positioned in the industry and obtain employment at companies that are operating in insurance industry. Insurance Risk Management is an important method for organisation so they prefer to arrange a well trained team to identify Insurance risk with different insurance categories.It is determined by Inspire London College that there is need of Certificate in Insurance Risk Management to make individuals aware about the Insurancerisks at different categories of Insurance. Inspire London College has successfully designed this Insurance Risk Management course for candidates who want learn the process of Measuring and controlling Insurance risk in Industry.
The ILC’s Insurance Risk Management Course is designed by the highly skilled professionals with a purpose to serve the candidates with effective knowledge of the Insurance Risk measurement and controlling process in the Risk management. Course begins with a professional approach and introduces the learners with Insurance Risk and its significance in the organization Insurance system and what are the key Insurance risks that must need to be observed. Purpose and background of a theory of risk and insurance markets that are working is an important element while evaluating the Risk of any Insurance organization. In the next topic the candidates are provided with the outline of Accounting and financial Management in Insurance. Course elaborates Common approaches used by the professionals for Insurance Risk Management and determines impact of different Insurance and law regulations in Insurance organizations.