Foundation in Risk Management

Public Short Course

HRD Training Prog No 10001383892 
Date & Time 5 – 6 May 2025 9.00 a.m. – 5.00 p.m.
Registration Deadline 30 April 2025 
Learning Format In-Person Training 

Overview

Understand the importance of the role of a risk manager

This Foundation Course in Risk Management is designed to introduce you to the essentials of insurance Risk management. We’ll cover everything from the basics of risk identification and mitigation strategies to real-world examples of how these strategies play out in today’s insurance industry.
At the end of the programme, participants should be able to:

  • Understand the concept, definition and functions of risk management.
  • Identify the features and techniques of risk identification, analysis, control and financing.
  • Describe the administrative process of how to implement and monitor the risk management programme.

Recommended For 

  • New entrants
  • Insurance industry personnel
  • Non-insurance personnel whose work require a basic understanding or a practical knowledge of the subject
  • Individuals who requires basic knowledge in risk management

Foundation in Risk Management

For Inquiries

Sales

+603 2712 8882

Programme Structure

Day 1:

  • Risk – Meaning, classification, cost
  • Risk Management – Concept, definition, function
  • Risk Identification
    » Organisation charts
    » Physical inspections
    » Check lists
    » Flow charts
    » HAZOP
    » Fault trees
    » Risk and its approaches to its measurement
  • Risk Control
    » Fire and other perils, prevention and protection
    » Security
    » Liability and protection
    » Nuisance and environment exposures
    » Workplace safety and health
    » Quality control techniques
    » Contingency and emergency planning basic coverage and exclusion
    » Comparison between the clauses
    » Duration of cover (Transit Clause)

Day 2:

  • Risk Financing
    » The evaluation of risk financing tools, retention and transfer
    » Insurance, non-insurance, pre and post loss funding
    » Retention and self-insurance decisions
    » Insurance and reinsurance
  • Developing a Risk Management Programme
    » Risk management process and its administration
    » Developing the corporate risk management philosophy
    » Writing the risk management statement
    » The risk manager’s role
    » Principles and practices for corporate buyer

Dates

05/05/2025

Classroom

Fees

Aii Member Early Bird

Register before 17 April 2025

RM 980
USD 230

Non-Member Early Bird

Register before 17 April 2025

RM 1080
USD 250

Aii Member Normal Fee

Single seat – RM 1080 / USD 230

Group of 3 – RM 930 / USD 218

Non-Member Normal Fee

Single seat – RM 1180 / USD 272

Group of 3 – RM 1090 / USD 240

*Fees inclusive of 8% SST (Malaysia Sales and Service Tax)

Meet The Expert

WONG ENG YEW, JOSEPH – LLB, MBA

Mr Wong Eng Yew graduated from Universiti Malaysa (UM) with a Bachelor of Business Administration and has more than 30 years of experience in insurance. His experiences include Risk Management, Liability and Compliance.Mr Wong is also an examiner and part-time lecturer at The Asian Institute of Insurance (Aii) for Certificate and Associate subjects since 2008. He lectures on subjects related to Insurance Law, Risk Management, Liability, Claims Practice, and Claims Management.