Part 4: Risk, National Insurance and Social Security (1)
National Insurance:
What constitutes National Insurance?;
Worker Contribution to National Insurance;
Employer Statutory Contribution to National Insurance;
Measures to Facilitate the Maintenance of Statutory National
Insurance Contributions;
Retirement Benefits;
Death benefits
Unemployment Benefits;
Operationalising Unemployment Benefit Program: The Ghanaian Example;
Problems Plaguing the Viability of National Insurance Viability:
Ageing Population;
Improved Longevity;
Increased Unemployment;
Increased PSBR;
Inflation; Stagnation and Deflation.
Problem Resolution and their Sustainability
Part 5: Risk, National Insurance and Social Security (2)
Social Security Provision:
Possible Social Security Coverage:
Hospitalisation;
Approved Prescription Drug;
Unapproved Prescription Drugs;
Simple Surgery;
Complex Surgery;
Financial Position of the Social Security System.
Operationalising of Social Security: Growing Concerns;
Proposed Solutions to Pertinent Problems.
Risk Mitigation Approaches:
Risk Elimination or Avoidance;
Risk Mitigation: Planning, Execution and Monitoring;
Risk Mitigation Approaches;
Underwriting Standards:
Definition
of ‘Underwriting Standards’.
Part 6: Risk, National Insurance and Social Security (3)
Insurance;
Branches of Insurance - Successful transactions;
Building Blocks of an Insurance Premium;
Mathematical Basis for Insurance – Example:
Additional Concept:
Costs to Society;
Insurance Benefits to Society;
Insurance Functionality.
Risk – Classification;
Benefits Compared to No Insurance;
Social or Private?;
Employee Benefit Plans;
Risk Management Process;
Identify Potential Loss Exposures;
Measure Potential Loss Exposures;
Risk Handling Techniques;
Loss Control – Reduction;
Loss Transfer;
ERM – Integrated Framework;
ERM – Recent Loss Events;
Agency Law;
Insurance Occupations:
Insurance Agent and Broker;
Agent’s Authority;
Types of Insurance Agents:
Insurance Brokers;
Comparison of Agents and Brokers:
Distribution of Insurance Property and Liability;
Distribution of Insurance Life Insurance.
Loss Adjuster or Claims Investigator:
Loss Adjuster.
Underwriter;
Actuary;
Accountant:
Accounting Standard.
Lawyer;
Other Occupations.
Asset/Liability Management Hedging;
Diversification.
Part 7: Risk, National Insurance and Social Security (4)
Derivatives Trading:
Derivative;
Equity Derivative;
Weather Derivatives.
Reinsurance or Syndication:
Reinsurance Loss Splitting;
Reinsurance Prorata Loss Splitting $500,000 LOSS;
Reinsurance Excess-of-Loss Loss Splitting;
Reinsurance and Risk Management;
Reinsurance Providers.
Due
Diligence Investigation:
What Is a
Due Diligence Investigation?;
Applications of Due Diligence;
Inclusions
in Due Diligence Investigations.
Part 8: Financial Exposure as Risk
Foreign Exchange Exposure
Foreign Exchange Exposure vs. Foreign Exchange Risk
Economic Exposure:
Channels of Economic Exposure;
Types of Economic Exposure:
Asset Exposure;
Operating Exposure.
An Illustration of Operating Exposure;
Some Strategies to Manage Operating Exposure:
Selecting Low Cost Production Sites;
Flexible Sourcing Policy;
Diversification of the Market;
R&D Efforts and Product Differentiation;
Financial Hedging.
To Hedge or not to Hedge?;
Hedging Strategies;
Management of Economic Exposure;
How To Measure Economic Exposure
Transaction Exposure:
Some Strategies to Manage Transaction Exposure;
Hedging through Invoice Currency;
Hedging via Lead and Tag.
Translation Exposure:
Translation Risk;
Perception and Calculation.
Part 9: Financial Risk and Unpredictability: Uncontrollable
Environment Issues
Asset
Behavior and Pricing Implication;
Video - Asset Management;
Sovereign Wealth Fund and International Investment;
Bank for
International Settlement (BIS): Basel 3 Agreement:
A Global
Regulatory Framework for More Resilient Banks and Banking Systems;
The
Liquidity Coverage Ratio and liquidity risk monitoring;
The Net
Stable Funding Ratio
Credit and Counterparty Risk;
The Legal and Political Risk Environment;
Risk as an Economic Factor;
Technological Risk Factor;
Risk Associated with Socio-Cultural Change.
Part 10: Business Continuity: Disaster Recovery Planning (1)
Business Continuity Planning (BCP):
What is Business Continuity?;
What is Business Continuity Planning?.
Disaster Recovery Planning;
Disaster Defined;
Types of Disasters;
Effects of Disasters:
Effects of Disasters – Internal;
Effects of Disasters – External.
Business Continuity Planning;
Disaster Recovery Planning;
Why Plan?;
Establishing the Team;
Getting Management Support;
Need for Departmental Support;
Team Members;
DR Team Sub-Teams;
Characteristics of Team Members;
External Team Members;
Notification Directory;
Securing/Preparing Resources;
Team Tasks.
Part 11: Business Continuity: Disaster Recovery Planning (2)
Defining Risk;
Choosing Assessment Method;
Matching Response to Threat;
Setting Priorities;
Using Risk Assessment Results;
Disaster-based Risk Assessment;
Asset-based Risk Assessment;
Business Impact;
Business Impact Analysis;
OCTAVE Risk Assessment;
Identifying Critical Assets;
Business Functions;
Business Processes;
Identifying Functions/Processes;
Prioritizing DR Planning Efforts;
Determining What to Recover When Conducting Dependency Analysis;
Disaster Declaration Criteria;
Data Backup.
Part 12: Business Continuity: Disaster Recovery Planning (3)
Information as Asset;
Recovery Site Alternatives;
Recovery Site Agreements;
Recovery Site Selection Criteria;
Design Recovery Solution;
Documents Needed by Discovery Resolution Team;
Contact Information Needed;
Evaluate Support;
Emergency Operations Center;
Create Data Backups;
Create the Recovery Plan;
Upstream Relationships;
Downstream Relationships;
Directing the Discovery Resolution Team;
Steps After Recovery;
Emergencies during Discovery Resolution;
Identify Gaps in Discovery Resolution Plan;
Identify Discovery Resolution Risks;
Rehearsing the Discovery Resolution Plan;
Applying Change Control;
Manage/Document the Discovery Resolution;
After the Discovery Resolution Test;
Threat Determination;
Threat Classification;
Addressing Threats.