Risk Finance Principles for Insurance Solutions Training

Learning Outcomes

• Demonstrate an understanding of the fundamental principles of risk finance and their application to insurance.
• Analyse different types of risk (pure, speculative, financial, operational) and their financial implications.
• Evaluate the role of insurance as a risk transfer mechanism within a broader risk management framework.
• Apply risk finance concepts to calculate premiums, deductibles, and limits for basic insurance products.
• Propose appropriate insurance solutions for given risk scenarios based on cost-benefit analysis.

Target Audience

This course is designed for insurance professionals, risk managers, financial advisors, and anyone involved in risk assessment or insurance solution design who seeks to deepen their understanding of risk finance fundamentals.

Prerequisites

None — open enrollment. However, a basic understanding of business finance or insurance concepts is beneficial.

Course Outline

Practicals

Overview

The practicals provide hands-on experience in applying risk finance principles to real-world insurance scenarios. Learners will work through case studies, build financial models, and present risk finance strategies, reinforcing theoretical concepts with practical application.

Practical Activities

• Case Study Analysis: Risk Financing Decision — Learners analyse a company's risk profile and recommend an optimal risk financing mix, including retention and insurance options. (2h)
• Building a Pricing Model for an Insurance Product — Using Excel, learners construct a simple pricing model incorporating loss distributions, expenses, and profit margins. (2h)
• Reinsurance Structuring and Solvency Impact — Learners design a reinsurance programme for a hypothetical insurer and assess its effect on solvency capital requirements. (1h)
• Final Presentation: Risk Finance Strategy — Teams present a comprehensive risk finance plan for a given scenario, including insurance, retention, and risk control measures. (1h)

Summatives

Each delegate is assessed continuously throughout the course via daily exercises, scored practical assignments, and a final summative test at the end.

Practical Assignments — 30%

Practical assignments are observed and scored against a rubric during the practical sessions. Each delegate's practical mark is averaged into a single 100% score and contributes 30% to the final total.

Daily Exercises — 20%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 20% to the final total.

Final Test — 50%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 50% to the overall mark.

Final Total

Component	Out of	Weight
Practical Assignments (rubric-scored)	100%	30%
Daily Average (multiple choice)	100%	20%
Final Test (multi-answer multiple choice)	100%	50%
Final Total	—	100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

How it works

• Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
• Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
• You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
• If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.

Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates	Discount
5	3% off
10	6% off
15	9% off
20	12% off
25	15% off
30	18% off
50	30% off
75	35% off
100	40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.