Risk Management & Insurance

Course summary

This course introduces the fundamentals of risk, insurance, and financial protection. Learners explore risk types, risk management techniques, insurance planning methods, and tools to determine appropriate insurance coverage, enabling them to make informed and secure financial decisions.

Learning outcome

By the end of this course, learners will be able to:

  • Understand different types of financial risks and their impact.
  • Apply risk management techniques to reduce and manage uncertainties.
  • Identify types of insurance and their role in financial protection.
  • Determine suitable insurance cover using methods like rule of thumb, human life value, and needs approach.
  • Create basic insurance plans aligned with financial needs and goals.

Modules

The module provides insight on financial uncertainties, understanding the financial needs of the investors, determining the insurance cover through different methods like rule of thumb, human life value or needs approach.

The module deals with risk and its types, risk management techniques, insurance and its types and importance of insurance.