Code Date City Venue Fees
RM034 17 - 21 Dec 2018 London - UK TBA $5,500 Register
RM034 09 - 13 Jun 2019 Dubai - UAE TBA $5,950 Register
RM034 16 - 20 Dec 2019 London - UK TBA $5,950 Register
TBA* = To be Announced   |  All fees are exclusive of VAT
Home » Seminars » Risk Management » Social Insurance and Risk Management

Introduction

Risk Management is now an essential part of business operations but is a legal requirement by default because directors and officers within businesses can be sued personally if it can be shown/proved that their recklessness, lack of skill/foresight and failure to plan, devise appropriate measures, created situations where employees, customers, contractors, stakeholders and strategic partners have incurred losses. In several jurisdictions and increasingly worldwide boards have to discuss risk at every board meeting and have their deliberations / decisions minute formally. Organisations in the 3rd sector, non–profits charities, partnerships, LLP partnerships and the public sector also have to manage risk which means looking at the future and evaluating the potential for disruption, losses and consequences foreseen and unforeseen (“Black Swans”). Individuals have to consider risks and how to mitigate them either with their own resources or with public programmes focussed on the socially disadvantaged.

Creating an individualised risk management plan and safety net coupled with resilience, agility, future proofing and organisational/individual reliance is vital for ongoing operations as is insurance and social insurance combined for delivering peace of mind for people and their loved ones

 

This GLOMACS training seminar on Social and Risk Management will highlight

  • The Nature of Social Insurance and It’s Role In Mitigating Risks
  • The Nature of Risks And A Definition Of” Black Swan “Events
  • Risk Management Planning/Frameworks
  • Emerging Trends in Risk Including :(Cyber Security /Data Integrity/Extra Territorial Legislation/Doubling Of Data Every 3 Years/50% Of Competitors Did Not Exist Before 2 Years Ago, Social Media/Reputational Risk)
  • What Boards Should Do To Protect Themselves and Their Organisations
  • Risk Management By Individuals   Using Their Own Resources
  • The Role Of Insurance When Dealing With Individual And Organisational Risks
  • Gaps In Social Insurance Provision And Trends

Objectives

At the end of this GLOMACS training seminar, you will learn to:

  • Understand The Nature Of  Social Insurance And It’s Role In Mitigating Risks
  • Understand The Nature Of Risks And” Black Swans”
  • Know How To Formulate  Risk Management Planning /Frameworks
  • Understand How To Deal With Emerging Risks In A Structured Manner
  • Risk Optimise /Future Proof Your Organisation and You and Your Board
  • Understand Which Insurance Products To Use , Market and Sell To Individuals
  • Comprehend The Role Of Insurance When Dealing With Individuals And Organisations Facing Risks
  • Understanding Gaps In Social Insurance And Insurance Provision

Training Methodology

A mixture of charts, diagrams and narratives will be used coupled with practical exercises and the use of NLP style hypnotic language patterns to accommodate different learning styles. There will also be interaction between the trainer/seminar leader and course participants in the form of dialogue and discussion.

Organisational Impact

  • Organisations and their boards will be able to protect themselves against costly risks and potential litigation more effectively than before
  • Optimise their brands and reputations thus making the organisation more financially valuable
  • Market and sell more effectively through better employee knowledge and understanding
  • Improved competitiveness, adaptability and agility
  • Greater attractiveness to shareholders and potential corporate suitors both long and short term

Personal Impact

  • Course participants involved with marketing or selling insurance products would be able to function with improved understanding of the right mix of revenue bearing insurance products to offer to different markets, socio -economic groups and organisations
  • Risk professionals, managers and experienced insurance and assurance practitioners, those involved in policy formulation on social insurance, non- insurance personnel across a range of disciplines whether from the corporate or public/other sectors will gain greater understanding of the effects /interactions of these products and services within their actual and intended customer base
  • All course participants will come to understand the necessity for improved risk management plans and processes as new trends produce more risks that didn’t exist before or to the extent they do now

Who Should Attend?

  • Graduate qualified entrants to the industry
  • Fast track managers/”high fliers “ earmarked for greater things
  • Officers and Senior Managers Within Insurance Providers (Brokers, Adjusters, 3rd party Administrators, Risk Managers, Claims Specialists, Product Specialists, Marketing People, In House Lawyers desiring a broader understanding of the process)
  • Public Sector Providers of Social Insurance
  • Senior personnel within well-funded charities involved in assisting those who require the most assistance from social insurance due to low incomes
  • Persons in the public and local government/state sectors formulating policy in the area of social insurance

Seminar Outline

Day 1

Understanding Social Insurance

  • What is Social Insurance
  • Objectives and Visions/Who is it designed to help
  • Basic Values and Importance
  • Historical Development and Perspectives
  • Types/Nature/Characteristics
  • Elements
  • Trends
  • Limitations/Gaps

 

Day 2    

Social Insurance Programmes, Health Programmes and Programmes For Specific Groups

  • Social Insurance Programmes
    • Social Security (OASDI)
    • Unemployment Insurance and Workers Compensation
    • Temporary Disability Insurance
  • Health Insurance and Health Services
    • Medicare
    • Medicaid
  • Programmes For Specific Groups
    • Veterans Benefits
    • Government Employee Retirement Systems
    • Railroad Retirement

 

Day 3

Assistance Programmes/Food and Nutritional Assistance

  • Types of Social Insurance
  • Assistance Programmes
  • Supplementary Security Income
  • Temporary Assistance For Needy Families
  • Food and Nutrition Assistance
  • The Food Stamp Programme
  • Special Supplemental Nutrition Programme For Woman, Infants and Children, the National School Lunch Programme
  • Relation-Social Assistance and Social Insurance

 

Day 4

Risk Management Planning/Frameworks

  • What Is Risk Management?
  • The Nature of Risks/”Black Swans”
    • quantifiable risks
    • on quantifiable /predictable risks
    •  
  • Emerging Trends In Risk Management:
    • cyber security
    • data integrity
    • extra territorial legislation
    • data doubling every 3 years
    • rate of new competitor emergence
    • social media/reputational risks
  • Risk management planning frameworks
  • What boards should do to protect themselves and their organisations
  • Risk assessment and mitigation
  • The role of insurance when dealing with individual and organisational risks
  • Risk Optimisation and Future- Proofing

 

Day 5

  • Positive versus Negative Effects of Social Insurance
  • Analysing the need for Social Insurance Using Risk Management Techniques and Trend Extrapolation
  • Ideal Balance Between Self Insurance and Reliance and Social Insurance
  • Costs versus Benefits of Social Insurance
  • What this means for insurers, businesses, the 3rd sector, charities Government policy and taxpayers
  • Social Insurance/Risk Perspectives
  • Drivers and Triggers for Social Insurance
  • The future of Social Insurance

Accreditation

  • Quality Logo

In Association With

Oxford Management Centre

Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients

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Home » Seminars » Risk Management » Social Insurance and Risk Management

VAT Announcement: The Government of UAE have introduced Value Added Tax (VAT) on goods and services from 01-January-2018. In compliance with the legislation issued by the UAE Government, we will be applying a 5% VAT on the fees for all our programs and services offered from January 2018 as applicable and stipulated in the FTA circulars.

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