Insurable Risk in the Public Sector

Welcome to the 'Insurable Risk' microcredential course

About the credential

This credential gives you a comprehensive introduction on insurable risk, how to identify and assess insurable risk, equipping you with claims knowledge and improve insurable risk maturity of insurable risk management in your team and broader organisation. You’ll explore real-world examples and get the opportunity to critically apply your knowledge to a range of workplace scenarios.

The content draws on foundational concepts from the risk management standard ISO31000:2018 and sets it within the context of the Victorian Government Risk Management Framework.

What to expect

Industry-focused

This course was built with industry partners and public sector insurance experts to ensure it contains the most relevant knowledge and practice in this field. Throughout the course there are industry templates, examples and tools that allow you to learn from industry stories and gain practical experience.

Learning experience

This course is approximately five hours long, including a final quiz assessment. Consisting of four modules, each module includes short learning activities, giving you the flexibility to schedule your participation in the course in manageable learning blocks.

• What is insurance and how does it cover public sector operations
• Identifying and assessing insurable risks
• Making, managing and learning from claims
• Improving your maturity

Research tells us that people who are active learners are more engaged, have more fun, and are more successful in completing their learning. They're also more likely to apply what they’ve learnt in their workplace. By participating in these learning activities, you’ll not only acquire new knowledge, but also reinforce your learning by applying it.

Learning outcomes

By the end of this credential, you’ll be able to:

• determine whether a risk is insurable or not
• identify the types of insurance products and what they cover
• explain how to minimise exposure to insurable risk
• explain the process used to manage a claim, relevant to a specific insurable risk event.

Show off your badge

Upon successful completion of this course, you'll receive a badge that you can showcase on your LinkedIn profile. This badge recognises your participation in an online course co-created by VMIA in collaboration with RMIT.

What’s next

Submit your registration for the Insurable Risk management micro credential. Once approved, we’ll add you to the waiting list for the next round of enrolments.