Financing risk
Financing risk aims at enabling the company to have the necessary funds to restore losses when they occur.
There are two (2) solutions for financing risk: withstanding or transfer
Course objectives
The objective of this two (2) days course, is to explain the financing mechanisms, to present and compare the various existing instruments, namely, better use of insurance
Who it addresses
It is aimed at company executives (private or public), risk managers, contractors, brokers and insurers.
Course program
Introduction to risk management and risk concept
- The concept of control
- The role of financing and its interrelation with the two other components of risk
- The three (3) types of financial plans
- The systematic or speculative risk
- The five (5) objectives of financing
Financing risk by withstanding
- Informal withstanding
- Self insurance
Financing risk by transfer
- The concept of transfer to an insurance
- The different type of insurance
- complementary
- umbrella
- re-insurance
- retrospective pricing
- captive
- finished risk
- integrated risk
- Concept of transfer to investors
Balance between withstanding and transfer
Analysis of past losses
Management related to risk financing
Case study
