Climate and Environmental Risk Management in ASEAN: Foundation Certificate

Mode: Virtual Instructor Led Program

CPD Hours: 21 Hours (For meeting the course attendance requirement), and additional 1 Hour (Upon passing the exam)

Join our cutting-edge course on climate and natural catastrophe insurance, tailored for professionals navigating the complexities of climate risks and natural disasters in Southeast Asia. This program provides an in-depth understanding of the insurance mechanisms designed to combat the impacts of environmental changes on economies, particularly focusing on Cambodia, Laos, Indonesia, Philippines, Thailand, and Vietnam.

Starting with the fundamentals, our course delves into the effects of climate change on economies, leveraging advanced tools for impact analysis and monitoring. Participants will explore how insurance strategies mmitigate climate risks and adapt to new environmental conditions. From understanding the socio-economicm impacts of natural disasters to evaluating insurance's role in financial risk management, the curriculum covers essential risk management approaches.

A key highlight is our focus on catastrophe modeling, innovative financial mechanisms such as Insurance-Linked Securities (ILS), Catastrophe Bonds, and Parametric Insurance. We emphasize the importance of insurance in public sector risk management and provide practical insights through real-world case studies of successful climate and natural catastrophes insurance implementations.

Designed to be highly practical, this course encourages the application of knowledge in real-life scenarios, preparing participants to make significant contributions to their professional fields. Whether you aim to enhance your expertise or shift towards a vital area of focus, this program offers the tools and insights needed to excel.

Key Learning Outcomes:

• Understand the basic concepts, importance, and scope of climate and natural catastrophe insurance.
• Analyze the effects of climate change on economies, with a focus on Southeast Asian countries (Cambodia, Laos, Indonesia, Philippines, Thailand, Vietnam), and learn to use tools for impact measurement and monitoring.
• Discuss how insurance products and strategies contribute to mitigating climate risks and adapting to changing environmental conditions.
• Explain the causes, types, and socio-economic impacts of natural disasters, understanding the need for comprehensive risk management approaches.
• Evaluate the role of insurance in transferring and managing the financial risks associated with natural disasters.
• Know the principles and applications of catastrophe modeling in risk assessment and insurance underwriting.
• Understand advanced financing mechanisms like Insurance-Linked Securities (ILS), Catastrophe Bonds, Catastrophe Wrappers, Parametric Insurance, and Natural Disaster Clauses in debt instruments.
• Outline strategies for the financial protection of public and private assets, emphasizing insurance's role in public sector risk management.
• Analyze real-world case studies of effective climate and Natcat insurance implementations, drawing lessons and best practices.
• Apply knowledge of insurance products, catastrophe modeling, and financial protection strategies in practical risk management scenarios.

• 20 Multiple Choice Questions (MCQs)
• Pass Requirement: 70%
• Duration: 50 Minutes

• Date: Tuesday, 13 August 2024
• Time: 10:00am to 10:50am (Singapore Time)
• Duration: 50 minutes
• Venue: Online (Remotely Proctored)

• Date: Thursday, 12 September 2024
• Time: 10:00am to 10:50am (Singapore Time)
• Duration: 50 minutes
• Venue: Online (Remotely Proctored)