Registration Time: 13.15
Sessions Time: 13.30 - 16.45 including a 15-minute coffee break
Speaker: Mr Raymond Micallef
Venue: Online Webinar

Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €40.00
Non-MIA Members: €75.00
Retired Members: €20.00
Students: €30.00

Background Information

This CPE training will provide the participant with the basics of an Enterprise Risk Management Process, starting with the different methodologies used for Risk Identification, followed by Risk Assessment and Analysis, Mapping, Risk Mitigation and follow - ups.

It will continue onto Risk Governance, explaining the set up in an organization, Risk Ownership, Risk Reporting. This extends to Policies such as the Risk management and Risk Appetite Policies. The five Macro Risks Categories of Strategic - Business Risk, Operational Risk, Credit Risk, Market Risk and Underwriting Risk are introduced.

Risk Category and particularly relevant to an Insurance Organisation identified and explained, discussing a number of case studies in the process and examples of internal controls mitigating them. The programme is mainly based on the COSO framework for Risk Management, giving students first hand experiences of risks and also introducing Solvency II, the new Insurance Legislation.

OBJECTIVES OF THE SESSION

By participating fully in this CPE event, participants will be able to: 

• Understand risk plots ;

• Understand risk governance and the reporting structures in an organisation; 

• Appreciate the different sources of risk and the possible influences they may have on an Insurance organisation ;

• Understand the importance of Internal controls ;

• Comprehend the importance policies, procedures, process manuals ;

• Have a broad idea of the Solvency II requirements.

Target audience

This CPE Event will be of benefit to Accountants, Auditors, Entrepreneurs, Practitioners,  Professionals seeking to enhance their Continuous Professional Development.

Speakers profile

Mr. Micallef is a management, healthcare management and insurance professional with a career spanning 40 years in the healthcare sector, insurance management and financial services industry.

He is an Associate of the Chartered Insurance Institute and a Chartered Insurer. He holds a Master’s Degree in Business Administration from Henley Management College, UK, authoring his theses on “Word-of Mouth Marketing - The Key Elements for Growth in the Private Medical Insurance Sector”.

Mr. Micallef grew in the Health Industry, moving up to become a management consultant for a private hospital, Capua Palace Hospital Malta where he advised management in the design and implementation of theatre operations and ward management systems.

Mr. Micallef’s experience as an insurance trainer spans over eighteen years as a visiting lecturer at the one of the leading Insurance Training Centres in Malta, in Bahrain, United Arab Emirates, Oman and Saudi Arabia.
He has developed and delivered several workshops for a diverse audience in medical insurance and provided tuition for CII subjects in Private Medical Insurance, Claims Management and Risk Management, Economics, Insurance Law, Insurance Risk and Capital Management and Fraud Detection and Avoidance in Financial Services.

He also lectures in Information Systems in Business, Economics,Business Administration,Customer Care Strategies,Business Organisational Structures and Business Operations and Processes.

Furthermore, Mr. Micallef also lectures in Quantitative Methods and Research, Marketing, Contemporary Marketing Communication, International Marketing Strategy and Leading and Managing with Ethics and Managing Excellences in Processes & Projects, in the B.A., M.B.A. and M.Sc. programmes at Global College, Smart City Malta for Global College, the University of Chester, NCC Education, the London School of Commerce and the University of Bedfordshire .

Mr. Micallef is also currently delivering lectures for the Continuous Professional Development programmes for the Maltese Insurance Industry, as set out by the Malta Financial Services Authority.

EVENT CPE COMPETENCES

3 Hours Core 

WEBINAR TERMS AND CONDITIONS

Terms and conditions apply

DISCLAIMER

By Registering and/or Booking for this event, you agree that MIA will collect your information, who will be using it as per the MIA Privacy Policy for CPE Events. Please read the MIA’s Privacy Notice for CPE Events in its entirety which can be found at this link. By accepting to participate in this event you accept that MIA shall process personal data in accordance with this Privacy Notice.

If registration is being affected by a company or other corporate entity on behalf of an attendee or the registering company or other corporate entity supplies to the MIA personal data of third parties, such as of employees, affiliates, management companies or service providers, the registering company or other corporate entity shall be solely responsible for making sure that the provision of such data to the MIA fully complies with applicable laws and the relevant person in regard to whom the data relates has been provided with the necessary information at law regarding the MIA’s processing of his personal data.
Any information notices, consents or other applicable requirements that may be required to be fulfilled for the provision of third party data to the MIA shall be borne solely by the registering company or other corporate entity. The registering company or other corporate entity hereby fully indemnifies the MIA and shall render the MIA completely harmless against all costs, damages or liability of whatsoever nature resulting from any claims or litigation (instituted or threatened) by any third party against the MIA as a result of the provision of any third party personal data to the MIA by the registering company or other corporate entity.

The Malta Institute of Accountants may take photos during this event. These images will be used by the Institute to share news about the event in newsletters, the Annual Report, The Accountant journal and printed publicity. Photos can also be published on MIA’s Facebook, Linkedln and Twitter. Such images may be used to publicise future events of the same nature and for reporting purposes.