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Insurance and Risk Management

An Interactive 5-Day Training Course

Insurance and Risk Management

Trusting Continuity and Survival for People and Organisations

NASBA
Classroom Schedule
Date Venue Fees
11 - 15 May 2026 Dubai $ 5,950
24 - 28 Aug 2026 Dubai $ 5,950
12 - 16 Oct 2026 Dubai $ 5,950
07 - 11 Dec 2026 Abu Dhabi $ 5,950

Course Summary

Today, all people and businesses face a vast number of risks and threats that affect well being and surviving.   The continuous and rapid change of the business environment (environmental, climate, technological, economic, social, demographic, etc.) constantly create new and complex risks that need continuous and professional handling and management skills in general. This requires further learning and training of professionals in effective risk management applications, and the selection of the most suitable insurance plans.

Insurance is a way of transferring risk, and it is used as the risk reducing way for People and Corporates to achieve financial protection.  Nobody owns and drives a car without motor insurance, and while your liability as a private or professional body may not require that you have indemnity protection, would you really consider leaving these risks unprotected?  Would you risk your family’s well-being in case of an unexpected tragic event? Insurance is largely untroubled by economic downturns since many insurance products are a necessary part of our multi-risk lives. Insurance is no different from any other business opportunity. But it also comes with some unique considerations. 

This Insurance and Risk Management training course will highlight:

  • The ways of handling risks based on willingness to tolerate risks
  • Risk management into the business decision-making process
  • The process of risk management
  • The usefulness of Insurance for People and Corporations
  • Concepts, principles, and legal issues of insurance
  • The various types of Insurance Products and their usefulness
Course Outline
Day 1

Risk in our lives

  • Purpose framework and criteria of risk analysis
  • Types of Risk
  • The meaning of uncertainty and risk
  • The risk assessment
  •  Identification of risks
  •  Risk analysis and classification
Day 2

Insurance Perils and Hazards

  • Definition and objectives of insurance
  • Suppliers and intermediaries: other channels of insurance distribution
  • The common fund – functions of insurance
  • The terms “peril” and “hazard” and the insurability
  • The policy contract, the proposal, and other insurance documents
  • Underwriting procedures, claims handling, and indemnification
Day 3

Risk Management Standards

  • Principles of risk management
  • The risk management process
  • Avoidance - elimination - reduction and acceptance of risks
  • Transfer of risk – insurable and uninsurable risks
  • Recording and reporting - communication and consultation
  • Monitoring – review - evaluation
Day 4

Operations and Regulations of Risk and insurance

  • Reinsurance and coinsurance
  • The principles of utmost good faith: insurable interest and the proximate cause
  • The insurance law, licensing, and intermediary registers
  • Solvency and capital requirements
  • The code of ethics of insurance
  • Information obligations of insurance
Day 5

Insurance Needs and Products

  • How does insurance work?
  • Insurance needs for holistic plans
  • Life and savings sector
  • Property and casualty sector
  • General liability sector
  • Personal insurance sector – accidents and health
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

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Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email info@glomacs.sa . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at info@glomacs.sa

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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