Practice Exam
Risk Management - IC 86 Exam

Risk Management - IC 86 Exam

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Risk Management - IC 86 Exam

 

The Risk Management – IC 86 certification validates a professional’s skills in managing risks that could affect an organization’s operations or finances. It highlights the ability to identify potential threats, evaluate their impact, and design strategies to control or transfer risk. This certification is perfect for insurance advisors, risk analysts, and finance managers seeking to strengthen their expertise in protecting organizational resources.

Offered and recognized globally, this certification is valuable for professionals responsible for maintaining business resilience. Holding the IC 86 certification shows employers that the individual can effectively assess risks, implement mitigation strategies, and support organizational stability. Certified professionals help organizations reduce losses, maintain compliance, and make informed strategic decisions to achieve long-term success.

 

Who should take the Exam?

This exam is ideal for:

  • Risk Managers
  • Insurance Underwriters
  • Claims Assessors
  • Compliance Officers
  • Internal Auditors
  • Actuarial Students Specializing in Non-Life Insurance

 

Skills Required

  • Risk Identification
  • Risk Assessment
  • Risk Control
  • Risk Financing
  • Regulatory Compliance
  • Data Analysis
  • Communication
  • Decision-Making

 

Course Outline

The Risk Management - IC 86 Exam covers the following topics - 

Domain 1 - Risk and Theory of Probability

Domain 2 - Risk Management – Scope and Objectives

Domain 3 - Building-Up an Effective Risk Management Programme

Domain 4 - Risk Decision-Making Process – Part I

Domain 5 - Risk Decision-Making Process – Part II

Domain 6 - Alternative Risk Transfer Mechanisms

Domain 7 - Enterprise Risk Management

Domain 8 - Business Continuity & Emergency Recovery Planning

Domain 9 - Loss Exposures for Major Classes

Domain 10 - Risk Management Checklists
 

 

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How learners rated this courses

4.8

(Based on 556 reviews)

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Reviews

William Quens

Solid practice for fundamental risk management concepts, covering risk identification, measurement (e.g., VaR), and mitigation strategies. Highly relevant for the IC 86 syllabus.

Sarah Jones

A great refresher on topics like enterprise risk management (ERM) and the various risk categories (credit, market, operational). It definitely covers the theoretical knowledge required.

James Carter

I used this primarily for the calculations regarding insurance as a risk transfer mechanism and portfolio risk analysis. It was strong on core risk concepts and their application.

Risk Management - IC 86 Exam FAQs

Yes, it explains enterprise risk management (ERM) systems and global standards.
 

It enhances career growth, job security, and organizational value.
 

Yes, it provides a strong base to work as a risk consultant or advisor.
 

Yes, it adds a valuable specialization to your profile and makes you stand out.
 

Yes, organizations worldwide are investing in strong risk management systems.
 

No, beginners can take it, though basic business knowledge helps.
 

It teaches how to identify, evaluate, and manage risks that affect business operations.
 

Anyone interested in managing organizational risks, including professionals and graduates.
 

Risk analyst, risk manager, compliance officer, business continuity planner, and internal auditor.
 

Banking, insurance, finance, manufacturing, IT, and consulting industries.
 

It builds their ability to evaluate and handle underwriting, claims, and operational risks.