• Insurance underwriters, claims personnel, compliance officers, operational staff and other key staff who need to know about managing interdependencies between key risks.
• Insurance managers and risk management officers who need to develop risk management actions related to operational, insurance, strategic and capital planning matters.
• Also suitable for insurance intermediaries and insurance practitioners who wish to have a deeper understanding of ERM.

At the end of the programme, participants should be able to:

• Understand what is ERM, the types of risks and the benefits of effective ERM.
• Appreciate how IAIS and Solvency II drive the development of ERM.
• Understand the six building blocks of Own Risk and Solvency Assessment (ORSA) and how each building block builds on each other in the ORSA framework.
• Appreciate the nature of insurance and the major risk areas for insurance companies.
• Understand how to manage financial risks such as market, credit and liquidity risk.
• Appreciate the different types of operational risks and how to manage them.
• Understand the different types of capital and how the RBC2 may impact insurance companies in Singapore.

• An introduction to Enterprise Risk Management.
• Global Drivers and Evolvement of ERM.
• ORSA Building Blocks.
• Management of Insurance Risks.
• Management of Financial Risks.
• Management of Operational Risks.
• Management of Capital/Solvency Risks.

‍Raymond Cheung has over 20 years regional experience as an entrepreneur, portfolio manager, actuary, risk, compliance and ESG specialist. Raymond is currently the CEO of Basel Medical Group, a medical clinic chain in Singapore applying for Nasdaq listing.

‍

Full Course Fee: S$827.31 (incl. of 9% GST)

Participants who register at least two months prior to the course commencement date will be entitled to a 10% Early Bird Discount.

A 10% Group Discount is also applicable for organisations registering a minimum of three participants.

Please note that the Early Bird and Group Discounts are not cumulative.

‍

Net Course Fee: S$599.61 (incl. of 9% GST and after 30% FTS funding)

For Singapore Citizens below 40 years old and Singapore Permanent Residents

‍

Net Course Fee: S$327.31 (incl. of 9% GST and after 70% FTS funding)

For Singapore Citizens aged 40 years old and above

‍

This course is recognised under the Financial Training Scheme (FTS) and is eligible for FTS claims subject to all eligibility criteria being met.

Please note that in no way does this represent an endorsement of the quality of the training provider and course. Participants are advised to assess the suitability of the course and its relevance to his/her business activities or job roles.

The FTS is available to eligible entities based on the prevalent funding eligibility, quantum and caps. FTS provides up to 70% course fee subsidy support for direct training costs subject to a cap of S$500 per candidate per course subject to all eligibility criteria being met.

Find out more on www.ibf.org.sg.

‍