a) Theoretical aspects of risk management: Risk concepts, Risk and uncertainty, Risks classification – Approaches & Philosophy, Risk categorisation, Risk possibilities, Cost of risk, Formal system of risk threats – Contributory factors, Measures for economic control, Basic components of the risk management system, Risk management definitions, Risk management process & administration, Possible contributions of risk management to a business, Potential benefits of risk management to a business, Risk manager – Role, Functions and Duties, Risk management techniques, Risk identification – Approaches and Techniques, Risk control, Loss control management, Risk financing & Transfer mechanisms, Risk retention, Risk management policy – Objectives & Implementation strategies, Key risk management tasks, Risks profiling & risk audits,. Monitoring & control – Objectives, Timings & methodology, Practical problems of risk management,. Tools of risk management – Nature & selection, Risk analysis methodologies – Qualitative & Quantitative approaches, Concepts and Significance of PML as a risk management tool, Enterprise risk management – Approaches and Methodologies, Multinational risk exposures & their treatment, Global risk management issues in perspective, Project risk management, Disaster/ Emergency management & recovery plans, Role & contributions of insurers, Re-insurers and Other service providers, b) Practical aspects of risk management application: Asset exposure analysis, Fire loss control approaches – Pre event, During event & Post event,. Trend analysis from study of losses, Techniques for handling commercial risks,. Health & safety – Important steps in risk assessment, Common equipment risks, Management of liability loss exposures – Public & product liability, Pollution risk management, Theft & frauds exposure assessment techniques, Road accident risk control approach, Warehouse risk control, Political risks, Terrorism risks. Typical hazards & their control relating to hazardous materials – Transport& handling, Risk Characteristics & underwriting control approach for major civil construction project, Risk management for profits protection. C) Various flow charts, Checklists, Diagrams Etc.
