Workshop on Practical Aspects of Risk Management by Lahore Insurance Institute
A workshop on Practical Aspects of Risk Management was arranged by Lahore Insurance Institute, Lahore on 18th August, 2015 wherein 49 executives of various insurance companies participated. This workshop was conducted by Mr. Nasir Siddique, Team Leader-Property Underwriting, IGI Insurance Limited, Lahore
In this workshop understanding of risk management was created for the participants. They were apprised with the traits needed for physical risk assessment. The concept of risk appetite and risk tolerance was explained. The risks associated with different occupancies including textile, paper & board, chemical, pharmaceutical, sports goods, surgical instruments, metal industry, foundries, construction sites, machinery erection, machinery breakdown etc., were discussed in detail.
This workshop will help the participants to rate the risk to improve underwriting profits and to identify red risks in their portfolios. At the end a practical exercise was conducted in which all the people participated which followed Question & Answer session.
All the participants took keen interest in this workshop and appreciated the ability, preparation and ways of presentation of Mr. Nasir Siddique. They confirmed that the objectives of training were well defined and the contents of presentation were well organized. The trainer was well prepared and knowledgeable.