Governance, Risk & Compliance in Insurance Training Course

Course Overview

Learning Objectives

• By the end of this course, participants will be able to:
• Analyze the principles and components of effective Governance, Risk, and Compliance in insurance.
• Evaluate the roles and responsibilities of the Board, executive management, and control functions.
• Develop integrated governance and enterprise risk management frameworks.
• Establish effective risk appetite, tolerance, limits, and escalation structures.
• Assess insurance risks across underwriting, claims, reinsurance, investment, and operations.
• Strengthen regulatory compliance and compliance risk management processes.
• Design effective internal controls and assurance mechanisms.
• Improve risk and compliance reporting for senior management and the Board.
• Apply key risk indicators and early-warning mechanisms to emerging exposures.
• Integrate capital, solvency, liquidity, and risk considerations into decision-making.
• Evaluate conduct, customer protection, and regulatory risks.
• Strengthen governance of technology, cybersecurity, data, and emerging risks.
• Apply stress testing and scenario analysis to support strategic risk decisions.
• Identify governance and control weaknesses and develop appropriate remediation plans.
• Develop a sustainable Governance, Risk and Compliance framework for an insurance organization.

Who Should Attend

Learning Outcomes

• Upon completion of the course, participants will be able to:
• Explain the integrated Governance, Risk, and Compliance model within insurance organizations.
• Assess the effectiveness of governance structures, committees, and accountability mechanisms.
• Define clear responsibilities between the Board, management, risk, compliance, audit, actuarial, and business functions.
• Develop and align risk appetite, tolerance levels, limits, and escalation processes.
• Identify and assess major insurance and enterprise risks.
• Evaluate underwriting, claims, reinsurance, investment, liquidity, and operational risks.
• Integrate capital adequacy and solvency considerations into risk management decisions.
• Establish effective regulatory compliance and compliance monitoring processes.
• Design internal controls and assurance mechanisms aligned with risk exposure.
• Develop meaningful risk, compliance, and performance indicators.
• Improve risk and compliance reporting to senior management and the Board.
• Assess emerging risks, technology risks, cybersecurity risks, and conduct risks.
• Apply stress testing and scenario analysis to evaluate organizational resilience.
• Identify governance failures, control weaknesses, and compliance gaps.
• Develop corrective actions and continuous improvement plans.
• Build an integrated Governance, Risk, and Compliance framework supporting sustainable insurance performance.

Course Outline

Upcoming Dates