Advanced Risk Management Principles and Practices
Sep 28, 2022 - 3:00 PM (ET) - Virtual
Hosted by CFMA
About this Event
Wed., & Thurs., Sept. 28 & 29, 2022
3-5 p.m. (ET); 12-2 p.m. (PT)
Lead your company’s risk management process with recommendations from an experienced team of construction financial management and risk management experts. This program will deepen your knowledge of the risk transfer process; build a greater understanding of coverage; develop your competency and knowledge of both loss sensitive and guaranteed cost insurance programs; and provide recommendations to help you minimize risk for your firm and reduce the net impact of claims.
After this session, attendees will be able to:
- Articulate the risk management cycle, plan, execute, adjust and repeat.
- Demonstrate and apply pragmatic methods of analyzing, purchasing and monitoring loss sensitive insurance programs.
- Assess the financial impact of a deductible program. Analyze your company’s loss experience to determine the impact of a loss sensitive program, including an assessment of the potential savings and risks, and methods to determine future impact of various loss sensitive plans. Effectively compare deductible or self-insured proposals to guaranteed cost programs.
- Analyze how loss reserve development impacts both paid loss and incurred loss programs. Optimize your company’s insurance and risk management programs when working on projects with Wrap-Up (CCIP and OCIP) Programs.
Level & Prerequisites
This program is an advanced program. A fundamental understanding of insurance products, surety requirements and contract risks along with at least 3 years of experience in construction financial management are recommended. It’s advised to have completed CFMA’s Risk Management Course.
Who should attend?
CFO’s, Controllers, Risk Managers, Construction Financial Professionals, CPAs, Insurance Agents and Brokers, Surety and Bonding Agents and Brokers, and others who provide similar services to construction clients.
Earn 4.0 CPE credits in the field of Management Services