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33 - INS - Insurance


INS 102 - Insurance Governance, Risk Management and Compliance

Code Start Date Duration Venue
INS 102 16 October 2023 5 Days Istanbul Registration Form Link
INS 102 11 December 2023 5 Days Istanbul Registration Form Link
Please contact us for fees

 

Course Description

This course provides an understanding of conceptional framework of insurance regulation. It provides awareness of international regulations. It gives deep information about specific regulations such as SoX, COS0, EU s 8th Directive. It tastes knowledge about coroprate governance developments locally as well as internationally. This course protects directors from potential liability and protect company from reputational harm. 

Course Objectives

  • Understanding insurance regulation within the context of risk 
  • Deep knowledge about international corporate governance framework 
  • Understanding SoX 
  • Recognising COSO 
  • Protecting company from potantial repuatational risk 
  • Understanding  compliance issues locally
  • Understanding  statutory provision contained in various legislation applicable in the country 

Who Should Attend?

  • Insurance Professionals
  • Internal Auditors 
  • Risk Managers 
  • Internal Control Officers 
  • Compliance Officers 
  • Financial & Accounting Professionals
  • Goverment employers 
  • Board Members 

Course Details/Schedule

Day 1

  • Understanding principles and benefits associated to governance risk and compliance 
  • Understanding GRC integrated approaches and their key enablers 
  • Understanding major trends in global regulatory landscape 
  • SoX
  • COSO 
  • EU 8 th Directive 
  • Recognising  Multiple Guidance Systems for the Governance

Day 2

  • Analyzing key regulations that impact insurance companies 
  • Key characteristics of the more recently holistic regulatory changes and new legislation.
  • Principles of Enterprise Risk Management 
  • Defining Risk Within the Framework of GRC 
  • Changing Risk Appetite 

Day 3

  • Managing Risks by improving operational desicion making 
  • Managing Risks by strategic planning 
  • Managing Risks with Three Lines of Defense 
  • Vendor Risk Management 
  • Measuring Effectiveness of a Risk-focused Third-party Risk Management Program

Day 4

  • Understanding Enterprise GRC Challenges
  • Implementing Enterprise GRC 
  • Frameworks 
  • Models 
  • Maps 
  • Defining Implementation Strategies 
  • Recognising Implementation Tools 

Day 5

  • Understanding Attributes and Dimension of the Compliance Function for Insurers
  • Structuring Compliance within Internal Control System 
  • Analyzing Organisation Model Options 
  • Designing Chief Compliance Officer’s Responsibility 
  • Key Drivers of Successful Implementations