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Corporate Risk Management Workshop for Global Business

Introduction

In spite of the increasing global competition faced by business organizations, business is now also required to come to terms with the realities of the risk pervasive business environment. It is critical for business manage a spectrum of business risk ranging from natural and man made perils to catastrophes such as terrorist attacks or bird flu pandemic.

The workshop focuses on the key issues of understanding and analysis of critical risk exposures in Risk Management with the help of various business scenarios including case studies. These selected business scenarios and case studies highlight the risk pervasive business environment faced by companies in their quest for new global markets.

A special feature of the workshop involves action learning with a “Risk Management Simulation” game. Participants will gain insight into how the prioritization of risks and systematic planning of improvement projects can reduce property loss.

Course Objectives

The objective of this workshop is two-fold:
(1) To acquaint participants with the complexities and realities of managing business risk, and
(2) To equip participants with strategies adopted by world class companies in their selection and implementation of risk management and insurance programs.

Course Outline

CORPORATE RISK MANAGEMENT
• What is Risk & the Cost of Risk
• Purpose & Risk Management Process
• The Evolution of Risk Management
• Contemporary Risk Management Concepts

RISK ASSESSMENT
• 7 Proven Risk Identification Methods
• Quantitative and Qualitative Analysis of Risks
• Risk Mapping and Risks Analysis
• Anatomy of a Loss

RISK CONTROL
• Principles and Techniques of Risk Control
• Risk Control (Property,Liability,Human Resource, Net Income)

RISK FINANCING
• Retention Techniques
• Non-Insurance Risk Financing Transfers
• Captives
• Principles of Insurance

RISK MANAGEMENT DECISION MAKING
• Making Decisions Under Uncertainty
• Implementing Risk Management Decisions
• Managing the Risk Management Function
• Monitoring Risks & Activities
• Statistical Quality Control & Six-Sigma
• Judging Success - Outcome Assessment
• Risk Management Reports for Compliance

GLOBAL INTEGRATED RISK MANAGEMENT AND INSURANCE
• Risk Management Simulation game
• Real-world case-studies

Trainer(s)

Assistant Professor Chan, Kheng Ping, Patrick

PhD, MBA, BSc(Hons), FCII, FSII, FRIM, FChFP, ARM,RFC
Dr Chan’s teaching and research interest are in behavioral finance and organizational behavior; risk management and insurance; and personal wealth management. He is currently an Assistant Professor and teaches Organization Behavior at the College of Engineering, Nanyang Technological University. He is a Certified Consultant, Asia Management Academy and a Registered Financial Consultant, USA. He is also a Fellow of Chartered Insurance Institute, UK and Singapore Insurance Institute.

Dr Chan’s consultancy focuses on Risk Assessment, Risk Mapping and Business Continuity Plan for various international companies. His international clients come from a diverse industries ranging from financial services, pharmaceuticals, energy, oil and gas, construction and engineering. His extensive research covers financial engineering and behavioral finance; insurance and risk management; and personal wealth preservation (estate and retirement planning). His research findings have been presented at oversea conferences in United States, China, Japan, Korea and Thailand. Apart from making regular contribution to professional journals, Dr Chan is also the co-author of two books, Insurance & Risk Management for Construction Industry and Risk and Insurance Management and author of a book on Personal Planning for undergraduates.

Dr Chan had previously served in the Board of Asia Pacific Risk and Insurance Association (APRIA) and Risk and Insurance Management Association of Singapore (RIMAS). He had also served as a Member of the Task Force for Personal Financial Planning for CPA, Singapore in 2006 and the Workmen’s Compensation Committee for General Insurance Association of Singapore (GIAS), Singapore for the period 2005-2007.

Dr Yee, Wah Chin, David

BBA, MBA, PhD, FCII, FSII, ARM, FRIM, FCIS, FChFP, RFC

Dr Yee is the Technical Expert for Singapore in the ISO Working Group on Risk Management and is the Chairman of the Federation of Asia, Pacific & African Risk Management Organisations (FAPARMO). He is a Director of the International Federation of Risk and Insurance Management Association (IFRIMA) and is a Board Member of the Singapore Professional Centre, and served five terms as President of the Risk and Insurance Management Association of Singapore (RIMAS).

Dr Yee was an Associate Professor in the Banking and Finance Division at the Nanyang Business School in Nanyang Technological University (NTU) and was a Visiting Professor at the Georgia State University and had held director and Principal Officer positions in insurance and risk management companies gaining valuable experience in the fields of insurance, reinsurance, broking, employee benefit plans, risk management and the management of captive insurance companies.

Dr Yee has conducted training seminars for senior corporate executives in the region and has acted as consultant to leading banks, insurance companies, the Singapore College of Insurance, General Insurance Association of Singapore, Life Insurance Association of Singapore, Association of Financial Advisers, International Association of Registered Financial Consultants, and other corporations in Singapore and overseas. He has published several books and numerous articles in local and international journals and conference proceedings. His current research interests are in various aspects of corporate risk management, insurance, and personal financial planning.

Who Should Attend

This is an advanced-level workshop for Directors, CFOs and Senior Management. Participants are required to have some basic understanding of risk management issues and principles of insurance.

Course Details

Date:

3 to 4 November 2009

Time:

9:00am to 5:00pm

Venue:

NTU@one-north campus, Executive Centre

Closing Date:

20 October 2009

Fee:

Standard: SGD$590 Alumni: SGD$472 Group (3 & Above): SGD$531

Registration fees inclusive of:

Course materials
Light refreshments
Lunch
Complimentary parking (1 entry/day) - applicable at NTU@one-north campus only.
Prevailing GST

Online Registration

>> CLICK HERE to Register Online

Methods of Payment

1. Credit Card (Visa and Mastercard only)

2. Cheque made payable to Nanyang Technological University

3. Invoice to Company (for Company Sponsored Participants)

4. E-invoice (for Government Organizations)

Cancellation & Refund Policy

Written notification to cce@ntu.edu.sg or fax: (+65) 6774 2911 at least 10 days before course commencement	No cancellation charges (Full refund)
Written notification within 4 – 9 days before course commencement	50% of course fees (50% refund)
Written notification within 3 days before course commencement	100% of course fees (No refund)