Overview

Prepare confidently for the IC 86 Risk Management Exam with our comprehensive online mock test. Designed in line with the Insurance Institute of India's curriculum, this test includes 400+ practice questions across 4 full-length tests. It covers all key chapters and learning objectives, helping candidates achieve Associateship and Fellowship certifications with ease.Why Choose Our Mock Test?Exam-Aligned Content: Questions designed based on Insurance Institute of India's test objectives.Comprehensive Preparation: Focus on all learning outcomes, including risk theory, ERM, and business continuity.Practical Insights: Build confidence in decision-making, risk assessment, and contingency planning.Affordable & Accessible: Study anytime, anywhere with our user-friendly platform.Enhanced Performance: Strengthen weak areas with detailed feedback.CHAPTERS & Learning Outcomes Covered:Chapter 1: Risk & Theory of ProbabilityRisk and uncertaintyRisk Attitudes & Risk costsRisk ClassificationRisk concept Chapter 2: Risk Management- Scope & ObjectiveContributions & benefitsRisk management approachRisk management ConceptsChapter 3: Building-up an Effective Risk Management ProgrammeDeciding the programme objectivePutting the programme in placeRisk management policyRisk Manager- Role & FunctionChapter 4: Important Steps In Risk Management Decision Making Process - Part 1Assessment of risk exposuresIdentifying & analysing loss exposureRisk MappingChapter 5: Important Steps In Risk Management Decision Making Process - Part 2Alternate risk managementRisk financing and insuranceSelecting the best techniqueChapter 6: Alternative Risk Transfer Mechanism Alternative risk financing productsAlternative risk transfer marketCapital markets as an additional source of capacityRisk transfer to the capital marketsChapter 7: Enterprise Risk Management (ERM)Decision makingDrivers of change and development of the discipline of ERMERM impact on management practicesERM implementationERM processLimitations of ERMOrganizational objectives for pursuing ERMOther ways that ERM can contribute to value creationChapter 8: Business Continuity Management & Disaster, Emergency, Catastrophe - Recovery Planning BCP processBusiness continuity plan (BCP)Emergency / disaster / catastrophePhases of a disasterStandards and extractsChapter 9: Loss Exposures for Major ClassesLiability loss exposuresLoss exposuresLoss Exposures for Major ClassesNet income loss exposuresPersonnel loss exposuresProperty loss exposuresChapter 10: Risk Management Check ListContingency planningEmergency management plan - FAQsLiability - a short checklistProduct liability risk control auditProperty protection checklistRisk assessment checklistSecurity & safety checklistSexual harassment and discrimination checklist

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