Course

Course Summary
Credit Type:
Course
ACE ID:
AICP-0107
Organization's ID:
ERM 57
Organization:
American Institute For Chartered Property Casualty Underwriters/The Institutes
Location:
Classroom-based
Length:
13 weeks (52 -- 78 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 Risk Management
Description

Objective:

The course objective is to provide learners with a broad understanding of enterprise risk management (ERM) and its application to various sizes and types of organizations, including those in the private and public sectors. A global perspective of ERM is presented by using widely accepted international risk management standards, methods and examples.

Learning Outcomes:

  • Understand the purpose and value of ERM for an organization
  • Evaluate an organization's risk culture as well as understand ethical and social responsibilities related to ERM
  • Describe a generic ERM framework and process and shows how it can be applied to identity, analyze, and treat risk with an emphasis on various tools and risk modeling techniques

General Topics:

  • An introduction to enterprise risk management
  • Enterprise risk management in an organization
  • ERM framework and process
  • Risk oversight
  • Strategic planning and ERM
  • Risk-based performance and process management
  • Internal audit and control
  • Regulation and compliance
  • Risk assessment and treatment
  • Risk modeling
  • Risk-based capital allocation
  • Risk management environment and culture
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials