CRM305

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.

Prerequisite(s):

This course is available at the following time(s) and location(s):

Campus Session(s) Instructor(s) Cost Seats available  
Online - - $649.00 29 Register

Course schedule: Classes run from 6 p.m. to 9:30 p.m. PT via online-supported delivery.

What will I learn?

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

  • Understand the usefulness of insurance as a risk financing technique
  • Apply loss forecasting to select from various risk financing alternatives
  • Understand various risk financing techniques, including self-insurance, retrospective rating plans, reinsurance, captive insurance plans, and finite and integrated risk plans

How will I learn?

This course may consist of a combination of lectures, workshops, case studies, examinations, projects, papers, assignments and group presentations.

This university-level course requires at-home study and preparation. You can expect reading and other assignments on a weekly basis.

How will I be evaluated?

We'll evaluate your performance in this course using a combination of assignments, exams, individual or group projects, participation and attendance. 

Textbooks and learning materials

Course fees do not include textbooks or other materials. We recommend you purchase your textbooks as soon as you've registered: 

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 Material. This ebook is broken up into modules/assignments exactly like the textbook.

You will access other course materials using SFU's online course management system.

Hardware and software requirements

You will need a computer that is connected to the internet so that you can access Canvas, our online course management system. You can check if your browser is compatible with Canvas by accessing Canvas guides here. We recommend you use Google Chrome or Firefox.

Also, you will need to enable your computer’s audio and microphone to participate in live sessions offered through the Blackboard Collaborate virtual platform (within Canvas). You can check if your computer is compatible with Blackboard Collaborate here.

You can find more information on online-supported learning on our About Online Learning page. 

Professional development credits

This course may meet the requirements for the following designation(s):

Related program(s)

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