NEW Study Guide

This Study Guide has been prepared to enhance your learning experience. It contains all of the Check-In questions, Knowledge Checks, and Self-Quizzes contained within the course, along with an Answer Key and Glossary. Use it as a tool to help practice and assess your knowledge of the course material, but do not mistake it for a comprehensive “short-cut” to preparing for the final exam.

Be sure to take a look at the section, “Appendix,” that follows the Answer Key in this Study Guide. It contains valuable suggestions for test preparation and study techniques, as well as some sample exam questions and a glossary of terms.

Your path to success in passing the final exam will come from your attentiveness during the course and the effort you put into preparation.

Study Set

Use this study set to review digital flashcards and play interactive vocabulary games for the insurance and risk management terms found in the glossary of this course!

Virtual Reality Exercise

Test out your risk identification skills by clicking on the button below to navigate through three different business scenes and identify the possible risks therein! Click on the objects in each scene with a fluorescent glow to reveal an explanation of the associated risks.

Navigation Tips:

  • Move your body with WASD or the directional keys on your keyboard
  • Rotate your head up-and-down or side-to-side with your mouse
  • To navigate from the Scene #1 to Scene #2, and then from Scene #2 to Scene #3, walk out of the business and into the parking lot
  • Press Esc on your keyboard to reveal your mouse cursor if needed

Password = RME

Section 1 – Introduction to Risk Management

Introduction to Risk Management

This video introduces the participant to the risk management process.

Total Cost of Risk

This video examines those elements which comprise the total cost of risk for an organization.

Section 3 – Introduction to Risk Identification

Risk Identification

Understanding why risk identification is the most important step in the risk management process lays the foundation for the steps that follow.

Section 4 – Risk Identification Methods
Self-Administered Tools

Self-Administered Tools

Learn why checklists and physical inspections are key tools in the risk identification process. 

Section 4 – Sample Checklists

Section 6 – Financial Statement Analysis

Financial Statement Analysis

This video explains how risk managers use financial statements to identify risks.

Section 7 – Introduction to Enterprise Risk Management

Introduction to Enterprise Risk Management

This video provides examples of how enterprise risk management techniques are used to explore the upside of risks.

Resources Insurance Glossary

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