Financing of Risk

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$430.00
Available
Seats Available
More Information
Instruction Hours 16
Topics Financing of Risk
Programs Certified Risk Managers (CRM)
Start Date Jul 06, 2020
End Date Jul 15, 2020
Learning Options Online Instructor-Led

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Topics Covered: covered

  • Risk Financing Fundamentals

  • Risk Financing Program Decision Making
  • Methods for Risk Financing
  • Risk Financing Team
  • Alternative Risk Transfer
Accommodations not applicable for Online Courses.

Financing of Risk

Financing of risk can be an intricate and complex task. In this course, you will compare the various financing options presented: non-insurance transfer, guaranteed cost plans, retro plans, dividend plans, pools, and various types of captives. You will learn how to deliver the message to management in present value dollars. We recommend that this course follow Analysis of Risk.

This 16-hour course includes application exercises.

Topics Covered: covered

  • Risk Financing Fundamentals

  • Risk Financing Program Decision Making
  • Methods for Risk Financing
  • Risk Financing Team
  • Alternative Risk Transfer
Faculty

Faculty Name

David Hershey

Bio Detail

David Hershey is the Corporate Risk Manager for Sprague Operating Resources, LLC and Lexa International. Collectively, a $5+ Billion (USA) and $5+Billion European global diverse organization consisting of petroleum wholesale and distribution, wastewater treatment equipment manufacturing, lumber recycling, medical product manufacturing, residential water purification and softening equipment manufacturing, college student housing, telecommunications, petrochemical, food, lifting equipment, pump manufacturing, bearing & transmission manufacturing, auto parts distribution and the exclusive European distributor of Fuji film. Prior experience includes the role of Risk Manager for Sotheby Holdings, NYC one of the world's premier auction houses and Day & Zimmermann, a large international military contractor providing base and supply support services. David is current President of the Massachusetts RIMS Chapter, Board Member of the NH CPCU, a published author of several pollution coverage and insurance related articles such as Finite Risk, The Risk Management of Brownfields, Pollution Liability Coverage Loopholes, Maritime Employers Liability, Indemnitees, Additional Insured and the Insurance Certificate. Other accomplishments include being a finalist as the manager of the Workers' Compensation Best Managed Workers' compensation Program sponsored by National Underwriter and recipient of the 2014 Risk Management All Star and the Risk Manager Responsibility award by Risk & Insurance and Liberty Mutual. Other notable accomplishments include instructor of insurance related courses and the Insurance Library of Boston and the Philadelphia Insurance Library, expert witness, past Board Member of RIMS External Affairs Committee, current member RIMS Standards & Practices Committee, 2009 winner of Zurich Award for largest decrease in WC claims, co-author of RIMS Claims Handling Guidebook for Risk Managers, current member of the Association of Certified Fraud Examiners, and proficiency in nuclear liability, munitions manufacturing and international coverage placement and coordination, large casualty, program agreement negotiation, risk financing and pollution coverage.

Faculty Name

Wendell Bosen

Bio Detail

Wendell is a Senior Account Executive for Moreton & Company, responsible for providing a variety of risk management services for commercial and public entity clients. He has over 25 years of risk management and safety experience. Wendell is one of six Faculty members for PRIMA's workshops on the international risk management standard ISO 31000. His resume includes nine years as Director, Risk Management for Management & Training Corporation (MTC) a company with more than 10,000 employees in twenty-three states. MTC operates prisons for local, state and federal agencies and Job Corps Centers for the US Department of Labor. Wendell worked six years as Manager of Risk Management Services for Utah's largest public entities liability pool where he helped create a workers' compensation pool. Wendell has a M.B.A. degree from Westminster College, as well as a B.A. in Economics and an A.S. in Chemical Engineering from Brigham Young University. His other professional designations include being a RIMS Fellow, and he has earned his ARM-E/P, CPCU and ALCM designations. He also earned his CRM designation in 2018. Wendell has worked in all three areas of the commercial insurance business: in the Insurance Company, as a Risk Manager, and on the Broker side. Wendell's additional contributions to the industry include presenting at national conferences for the US Department of Labor (DOL), Risk and Insurance Management Society (RIMS), American Society of Safety Engineers (ASSE), and Public Risk Management Association (PRIMA). Wendell has taught risk management and insurance classes for the local CPCU chapter and a small private college. He is excited to promote Risk Management as a CRM Faculty for The National Alliance.