Risk Financing

Explore how to select, implement, and monitor risk financing techniques—methods that an organization can use to obtain funds to pay for accidental losses. Topics include risk financing objectives, types of risk financing plans, insurance as a risk financing technique, capital market products for risk financing, forecasting accidental losses and risk financing needs, accounting and income tax aspects of risk management, and allocating risk management costs.



Location: Online
Duration: 12 weeks
Tuition: $649
Can be applied to:
Risk Management Professional Certificate
Risk Management Certificate

Upcoming Offerings

Register for a course at any time.

Start Date
Seats Available
Start DateMon, Sep 9, 2024
  • Mon, Sep 9 (self-paced all week)
  • Mon, Sep 16 (self-paced all week)
  • Mon, Sep 23 (self-paced all week)
  • Mon, Sep 30 (self-paced all week)
  • Mon, Oct 7 (self-paced all week)
  • Mon, Oct 14 (self-paced all week)
  • Mon, Oct 21 (self-paced all week)
  • Mon, Oct 28 (self-paced all week)
  • Mon, Nov 4 (self-paced all week)
  • Mon, Nov 11 (self-paced all week)
  • Mon, Nov 18 (self-paced all week)
  • Mon, Nov 25 (self-paced all week)
Seats Available27
Start DateMon, Apr 14, 2025
  • Mon, Apr 14 (self-paced all week)
  • Mon, Apr 21 (self-paced all week)
  • Mon, Apr 28 (self-paced all week)
  • Mon, May 5 (self-paced all week)
  • Mon, May 12 (self-paced all week)
  • Mon, May 19 (self-paced all week)
  • Mon, May 26 (self-paced all week)
  • Mon, Jun 2 (self-paced all week)
  • Mon, Jun 9 (self-paced all week)
  • Mon, Jun 16 (self-paced all week)
  • Mon, Jun 23 (self-paced all week)
  • Mon, Jun 30 (self-paced all week)
Seats Available30

What you will learn

After completing this course, you’ll be able to do the following:

  • Identify risk financing techniques to improve the effectiveness of insuring risk
  • Analyze the relevance of insurance as a viable risk financing option
  • Identify loss forecasting techniques to explore financing options within an organization
  • Analyze loss patterns and risk tolerance to guide future risk decisions within an organization
  • Outline relevant risk techniques to inform financing decisions for current and future business activities in an organization
  • Identify the types of financial risk that are driven by market influences when transferring risk in an organization

How you will learn and be evaluated

  • Prepare to spend 6–8 hours per week on coursework
  • Expect reading and other assignments on a weekly basis
  • Plan to access the course at least once every few days to keep up with your work, group assignments and class discussions

You will be evaluated on:

  • Assignments
  • Individual and group projects
  • Exams
  • Participation and attendance

Learning Materials

Course fees do not include textbooks. We recommend you purchase your textbook as soon as you’ve registered. We will provide additional course materials online.

Required text:

Risk Financing by The Institutes Risk and Insurance Knowledge Group (2012, 6th ed., ISBN: 9780894622717). An ebook is available through the publisher The Institutes.

Once on The Institutes website, follow these steps:

  1. From the drop-down menu for college or university, choose "Canadian Risk Management (CRM) Curriculum."
  2. From the drop-down menu for course name, choose "CRM 56 – Risk Financing."
  3. Add to your cart Risk Financing CRM 56, 6th edition, GRMI Online Course. This ebook is broken up into modules/assignments exactly like the textbook. If you prefer a hard copy, select "CRM 56, 6th edition - Risk Financing (GRMI Textbook)" and add to your cart. Shipping and custom fees will be calculated at checkout.

Technical Requirements

For online courses, you will need a computer with audio and microphone that is connected to the internet. Canvas is the online system that will be used for the course. For more information and online support, visit Online Learning.