Cert CII (IF1) - Session 2 (Risk & Risk Management)

During this session, we will explore the core concept of risk management and what role insurance plays. You will understand the nature and main features of risk within an insurance environment, including risk perception and the key components of risk. By the end of this session, you would have covered the main learning objectives of learning outcome 1 & 2 in the IF1 learning syllabus.

-Understand what is meant by the term ‘risk’-Recognise the importance of risk perception -Understand how insurers manage risk -Recognise what risks can and cannot be insured