Airmic

fastTrack


A series streamed workshops to provide a fundamental understanding of the principles of risk and insurance management


Members can attend the most appropriate stream for their role - or both. Members are encouraged to attend all workshops in their stream


  1. Principles of insurance and insurance law (27 July)
  2. Insurable risk assessment and anaysis - making use of data and analytics (19 October)
  3. Working with the broker to design an insurance programme (13 November) Register here
  4. Working with the underwriter and presenting insurance information (16 January) Register here
  5. The life cycle of a claim - from loss to settlement (21 March) Register here

  1. Risk management and the business model - risk principles, frameworks, processes and governance (26 September)
  2. Risk assessment and analysis - making use of data and analytics (15 November) Register here
  3. Risk response - treatments and controls (24 January) Register here
  4. Responding to an incident - crisis response and the link to insurance (1 March) Register here
  5. The future of risk - managing risk in the digital age (4 April) Register here

Register your interest >


The fastTrack foundation is a short course of 2-hour interactive training workshops which will provide attendees with a fundamental understanding of the principles of risk and insurance management

The programme is designed to provide a comfortable leaning environment where attendees can establish a professional network, ask questions and discuss their own experiences and concerns. Attendees are encouraged to attend all workshops.

Stream 1: Introduction to Insurance

I1 – Principles of insurance and insurance law - 27 July (JLT)
  • Indemnity and proximate cause and their operation on insurance policies
  • The law of agency and the relationship of insurance buyers with intermediaries
  • Insurance Act 2015 and the practical implications for placing insurance
I2 – Insurable risk assessment and analysis - 19 October (XL Catlin)
  • Understanding loss volatility and deciding risk retention
  • Cost of capital for risk financing
  • Scenario modelling to establish loss profiles
  • Establishing long term liabilities
I3 – Working with the broker and designing an insurance programme - 13 November (Lockton) Register here
  • Role of brokers, remuneration and conflicts of interest
  • Handling relationships with key parties
  • Structure of programmes, bespoke wordings
  • Design, placement, admin and compliance of programmes
I4 – Working with the underwriter and presenting insurance information - 16 January Register here
  • Development of the disclosure process
  • Achieving a ‘fair presentation of the risk’
  • Notifying changes in activities and exposure data
  • Reviewing contract terms and conditions
I5 – The life of a claim - 21 March (BLM) Register here
  • Benefits of a pre-loss claims handling profile
  • Evidence gathering and the disclosure process
  • Role of the lawyer and loss adjustor
  • Negotiation, settlement, subrogation




Stream 2: Introduction to Risk Management

R1 – Risk management fundamentals. Principles, frameworks and standards - 26 September (Airmic)
  • Principles of risk management and reasons for undertaking RM
  • Risk management standards and choosing the most appropriate for the business
  • Developing, disseminating and maintaining a risk management framework
R2 – Risk assessment and analysis - 15 November (Marsh)​ Register here
  • Risk assessment structures and procedures
  • Anticipating impact of risks on strategy, tactics and operation
  • Agreeing risk appetite and risk tolerances
R3 – Risk response, treatments and controls - 24 January (QBE)​ Register here
  • Identifying appropriate risk responses
  • Determining efficiency and effectiveness of risk controls
  • Risk transfer and the link to insurance
  • Reviewing business continuity and disaster recovery plans
R4 – Responding to a loss internally - 1 March (Generali) Register here
  • Business continuity plans
  • Loss mitigation and increased costs of working and the Economic test
  • Loss of immediate profits offset against Resultant benefits
  • Complex loss management plan
R5 – Managing risk in the digital age - 4 April (Zurich) Register here
  • Business transformation through digital development in within an enterprise
  • The use of big data and advanced analytics to understand changing risk profiles
  • The principles of risk management and resilience and how they fit into the digital world



Register your interest >

fastTrack brochure

Download the fastTrack brochure which gives you all the details you will need around the programme.