The insurance industry operates in a highly dynamic and regulated environment. Understanding Enterprise Risk Management (ERM), Operational Risk, and Insurance & Financial Risks is crucial for professionals aiming to make strategic decisions, safeguard organisations, and drive business value.
The Certified Risk Management Professional in Insurance Industry (CRMPII) program from RMAI is a practical, executive level certification designed specifically for insurance professionals in India. This one-day live online course equips participants with actionable knowledge, industry frameworks, and insights from real-world case studies.
Program Overview
Course Name: Certified Risk Management Professional in Insurance Industry (CRMPII)
Duration: 1 Day (Live Online)
Timings: Saturday, 9:00 AM – 5:30 PM
Certificate: Digital certificate issued upon successful completion
Fees: 15,000 INR (Discounts Available for Bulk Corporate Nominations above 3-10 members)
The program blends theory with practice, making complex actuarial and financial concepts accessible even for non-actuaries. Participants gain frameworks that can be applied immediately in their organisations.
Target Audience
Ideal participants include:
- Risk Management Professionals
- Actuaries
- Internal Auditors
- Compliance Officers
- Finance Professionals
- Product Managers
- Underwriters and Claims Managers
- CRO Office Teams
- Branch Managers and Functional Heads
- Senior Managers and Managers aspiring to move into Risk Management
Experience Required: 3–20 years
Program Highlights
- Industry-focused curriculum exclusively for insurance professionals
- Learn from 30+ years of practical experience
- Understand complex actuarial concepts without heavy mathematics
- Real-life Indian and global case studies
- Interactive discussions and live Q&A sessions
- Immediate application of practical frameworks
Learning Outcomes
By the end of this program, participants will be able to:
- Understand the Enterprise Risk Management framework
- Develop Risk Appetite concepts
- Apply Risk Governance principles
- Conduct comprehensive Risk Assessments
- Use Operational Risk tools effectively
- Perform Risk Control Self Assessment (RCSA)
- Develop Key Risk Indicators (KRIs)
- Understand Insurance Risk
- Understand Financial Risk
- Appreciate Asset-Liability Management (ALM)
- Grasp Solvency and Capital concepts
- Connect actuarial concepts to practical business decisions
Session Details
Session 1: Enterprise Risk Management (9:00 AM – 11:00 AM)
- Building a world-class risk management framework
- Secrets of effective risk governance
- Developing a practical risk appetite
- Identifying strategic and emerging risks
- Transforming risk into business value
- Executive reporting that Boards appreciate
Session 2: Operational Risk (11:30 AM – 1:30 PM)
- Building resilient business operations
- Modern operational risk practices
- Practical tools used by leading insurers
- Turning incidents into organizational learning
- Risk indicators that predict future problems
- Developing an operational risk culture
Session 3: Insurance & Financial Risk (Flagship Session, 2:30 PM – 5:30 PM)
- Integrated view of insurance business risks
- Key insurance risks for every professional
- Financial risks affecting insurers today
- Simplified Asset-Liability Management (ALM)
- Capital, solvency, and profitability connections
- Practical actuarial concepts explained in business language
Why Enroll
- Gain practical insights into ERM, Operational Risk, and Insurance & Financial Risks
- Learn from industry experts and real-world case studies
- Acquire frameworks to enhance governance, risk oversight, and strategic decision-making
- Receive a digital certificate enhancing credibility and career prospects
Conclusion
The Certified Risk Management Professional in Insurance Industry (CRMPII) program is designed for professionals seeking to deepen their understanding of insurance risk, operational resilience, and financial governance. With practical tools, real-world case studies, and structured learning, participants are empowered to make strategic decisions, mitigate risks effectively, and contribute to the growth and stability of their organisations.
Building Practical Capability in Insurance Risk
- Hands-on application of ERM and operational risk frameworks
- Case studies on underwriting, claims, and financial risk scenarios
- Practical insights into ALM, solvency, and governance for immediate use
- Tools to enhance risk reporting and board-level decision-making
