ERM(Enterprise Risk Managment)
Instructor : Tom
Course Format : on-line
Course Duration :
Study Period : 180days
Course Fee : $350
Number of Lectures : 2
ERM(Enterprise Risk Managment)
Instructor : Tom
Course Format : on-line
Course Duration :
Study Period : 180days
Course Fee : $350
Number of Lectures : 2
Introduction
This training module is designed to provide participants with specialized knowledge of enterprise-wide risk integration management, focusing on insurance and interest rate risks.
The course analyzes the characteristics and interactions of insurance and interest rate risks, emphasizing an integrated approach to managing them effectively.
It also provides a practical explanation of the key elements to consider when establishing and operating an enterprise-wide risk integration management framework.
Additionally, participants will have the opportunity to learn how global companies implement risk integration management through international case studies. By reviewing these examples, participants will gain a concrete understanding of how the acquired knowledge is applied in practice and develop insights for adapting these practices to their own organizations.
Ultimately, this training aims to equip participants with practical skills and strategies for enterprise-wide risk integration management, maximizing their ability to apply these concepts effectively in their work.
Target Audience
- Mid-level managers and executives at insurance companies, reinsurance companies, and actuarial firms
- Managers responsible for developing business strategies in actuarial, risk management, finance, and planning departments
- Executives who need to understand the latest regulations and risk management policies such as IFRS 17, K-ICS, and RBC
- Operational leaders making decisions based on profit management, capital management, and risk strategies
Course Category
1. Actuarial Fundamentals
[Open March 2025]
- Premium and Surrender Value Calculation using Actuarial Tables
- Understanding Actuarial Science
2. Company-wide Training
(IFRS 17 / K-ICS)
- Examples of IFRS 17 Accounting Treatments
- Introduction to K-ICS
- Direction of Profit and Loss Management under IFRS 17
3. Product Development
[Open April 2025]
- Term Insurance
- Cancer Insurance
- Savings Insurance
- Annuity Insurance
- Variable Insurance
4. Assumption Management and Calculation
-Methodologies for assumptions of risk/policyholder behavior/expense allocation/economics
- Actuarial Assumption Management Strategies (Audit Trail)
5. IFRS 17 Actuarial Closing Practice
- Advanced IFRS 17 Actuarial Closing Practices
6. K-ICS
- Overview of Risk Management in Insurance Companies
- Understanding Market Risk
- Understanding Interest Rate Risk
- Understanding Insurance Risk
- Insurance Risk Internal Model
7. Reinsurance
[Open in April 2025]
- Traditional Reinsurance
- Co-Reinsurance
- Excel-Based Reinsurance Profit and Loss Forecasting
8. Management under IFRS 17 and K-ICS Standards
-Direction of Profit and Loss Management under IFRS17
- ALM-Based Management
- MCEV-Based Management
-Risk Based Asset-Liability Portfolio Management
9. Managerial Accounting
[Open April 2025]
- Biz Planning
- Selection of KPIs under IFRS 17 and K-ICS Standards
- Variable Product Hedging
10. Actuarial Modeling Course (New Product Modeling)
[Open in 2025]
- Term Insurance
- Cancer Insurance
- Savings Insurance
- Annuity Insurance
- Variable Insurance
11. Actuarial Modeling Course (IFRS 17 Closing Practice)
[Open in 2025]
- Term Insurance
- Cancer Insurance
- Savings Insurance
- Annuity Insurance
- Variable Insurance
12. ERM (Enterprise Risk Managment)
[Open in 2025]
- Basic ERM Risk Management
- Insurance Risk Concept and Internal Model
13. Reporting
- Supervisor Report Preparation Method
- Automation System Example
14. Product Planning
[Open in 2025]
- Product Introduction
- Product Structure
- Market Understanding
- Risk Rate