The Insurance Risk Workshop provides participants with knowledge and understanding of the nature, concept and main features of the different types of risk within the insurance environment, including knowing how to apply risk management to a given set of circumstances and how insurance acts as a risk transfer mechanism.
At the end of the session, participants will be able to:
Describe the concepts of risk and risk perception
Explain the risk management function and process
Describe the various categories and components of risk
Explain the types of risk that can be insured and the types of risk that cannot
Explain the relationship between frequency and severity
Explain the difference between a peril and a hazard as they relate to insurance
Apply the main features of risk and risk management to different sets of circumstances
Explain the need for insurance and the basis of insurance as a risk transfer mechanism
Ms. Uthra Ramnarine-Hill is a Chartered Insurer with over twenty (20) years’ experience in the industry. She is an Associate of the Chartered Insurance Institute and the American Institute for Chartered Property and Casualty Underwriters.
Ms. Ramnarine-Hill also holds a B.Sc. (Hons) in Management from the University of London. She has extensive experience in underwriting, claims management, reinsurance, compliance and audit and currently holds a senior position with one of the leading Insurance groups in the Caribbean.