What is the Certified Insurance Risk Manager?

The Certified Insurance Risk Manager is a globally recognised professional certification by the Global Leadership Institute (GLI), designed to equip professionals with advanced competencies in Finance & Accounting.

How long does this certification take?

The programme is 8 Week and can be completed at your own pace through our self-paced online option, or alongside live virtual sessions.

Is this certification globally recognised?

Yes. GLI certifications are internationally recognised and carry CPD credits, making them valuable for career advancement worldwide.

What level is this certification?

This is a Intermediate Level certification, suitable for professionals with relevant experience or background in the field.

You can enrol by emailing info@leadership.co.ke, contacting us via WhatsApp at +254 722 223 084, or filling the enrolment form below.

Certified Insurance Risk Manager (CIRM) | Online Certification

Executive Summary

Certified Insurance Risk Manager

Designed for today’s high-impact professionals, the Certified Insurance Risk Manager (CIRM) delivers a rigorous Intermediate-level curriculum that equips participants with the knowledge, tools and frameworks needed to excel in financial management, accounting, budgeting and financial analysis.

This 8 Week programme is structured around IFRS, GAAP and recognised financial management and reporting standards, ensuring every graduate applies internationally validated methods to real-world challenges.

GLI’s CIRM holders are recognised by leading organisations across Africa, the Gulf, Europe and the Americas as qualified, results-driven professionals. Whether you are advancing your current career or transitioning into new responsibilities, this certification provides the competitive edge you need in 2026 and beyond.

Programme Overview

Certification at a Glance

Certification

Certified Insurance Risk Manager

Acronym

CIRM

Who Should Enrol?

Finance Officers and Accountants
Budget and Cost Analysts
Finance Managers and Controllers
Auditors and Financial Analysts

Programme Inclusions

Everything Included in Your Enrolment

All study materials and study guide
Access to GLI online learning portal
Online examination and assessment
Digital certificate and digital badge
Physical certificate (shipped to you)
CPD credits for professional bodies
GLI alumni network membership
Facilitator and tutor support
Resource downloads and reference library
Automatic enrolment confirmation

Certification Benefits

Why This Certification Matters for Your Career

Career Advancement

Accelerate your career towards senior finance, controller and CFO roles

Professional Recognition

Credential aligned with IFRS, GAAP and recognised financial management and reporting standards

Leadership Capability

Develop the strategic and operational skills to lead complex financial management functions

Organisational Impact

Design and implement financial management systems that drive performance and measurable results

Compliance Readiness

Master the standards, compliance and ethical governance central to financial management

Global Employability

Qualify for financial management roles across corporates, banks, NGOs and public-sector organisations worldwide

Competency Framework

Core Competencies You Will Develop

✦Insurance Risk Architecture

✦Claims Risk

✦Reinsurance Risk

✦Liquidity Risk

✦Insurance Risk Modelling

✦Insurance Risk Limits

Course Curriculum

Programme Modules

The full programme, module by module.

Core CurriculumModules 1–20 · specific to Certified Insurance Risk Manager · module 20 is the capstone

1

Insurance Risk Architecture

Insurance, risk transfer and retained risk · Insurance and price-risk management · Risk appetite and enterprise risk · Insurance underwriting, pricing and claims

2

Underwriting Risk

Underwriting principles and risk selection · Credit risk governance · Credit risk measurement and mitigation · Credit and counterparty risk

3

Pricing Risk

Loan pricing: risk, cost of funds and return on capital · Loan structuring, pricing and covenants · Loan structuring and pricing · Insurance pricing, premiums and loadings

4

Claims Risk

Contract variations, claims and disputes · Credit appraisal: character, capacity, capital, collateral and conditions · Credit scoring and probability of default: models in the decision · Credit policy and approval authority: who may lend, how much, and on what terms

5

Reserve Risk

SME lending and appraisal · Cash-flow-based lending · Scaling SME lending · Credit appraisal and the lending decision

6

Catastrophe Risk

Duty of care and risk management · Managing risk and difficult cases · Ethical, risk and feasibility considerations · Risk, protective and social factors

7

Reinsurance Risk

Risk, compliance and feasibility analysis · Trade finance and letters of credit · Liquidity risk and asset-liability management · Operational risk and resilience

8

Market Risk in Insurance

Treasury, market risk and asset-liability management · Market risk and VaR · Investor relations and market communication · Trade finance instruments and documentary risk

9

Credit Risk in Insurance

Credit assessment and lending decisions · Risk assessment and safeguarding in practice · Cyber risk management · Third-party and supply-chain risk

10

Liquidity Risk

Cash flow forecasting and liquidity management · Treasury, liquidity and currency exposure · Risk management planning · Enterprise risk management and appetite

11

Operational Insurance Risk

Supplier financial and operational risk · Risk and control effectiveness metrics · Risk, legal and feasibility analysis · Enterprise risk management (ERM)

12

Insurance Concentration Risk

Credit portfolio management: concentration, correlation and appetite · HR risk, ethics and the confidentiality boundary · Hazard and risk assessment · Risk assessment methodology and matrices

13

Insurance Risk Modelling

Financial analysis, modelling and valuation · Financial modelling: building something people can rely on · Risk and return: the relationship every investment decision rests on · Risk management and contingencies

14

Solvency Stress Testing

Fiduciary oversight in practice: solvency, controls and the money · Testing strategy: what to test and at which level · Ethical and reputational risk · Supply risk: dependency, continuity and single sourcing

15

Risk Appetite

Board oversight of risk, culture and internal control · Risk assessment: identifying what can go wrong and deciding what to do · Permit to work: authorising high-risk tasks · Threat and risk assessment for principals

16

Insurance Risk Limits

Portfolio diversification and limits · Carbon markets and offsetting: what a credit is and is not · Climate risk: physical, transition and what it does to the business · Tax risk management

17

Risk Monitoring

Loan administration, servicing and monitoring · Value-chain and supply-chain finance · Guarantee and de-risking schemes · Advisory and non-financial services

18

Insurance Risk Reporting

Evaluation use: reporting findings that change decisions · Management reporting: numbers that change what managers do · The finance function and digital transformation · Building a finance career and professional development

19

Insurance Risk Mitigation

Finance maturity assessment · Driving measurable financial improvement · Working capital management and the cash cycle · Short-term financing and money markets

20

Integrated Insurance Risk Framework

Investment appraisal and the cost of capital · Financial regulation and prudential supervision · Financial inclusion and serving underbanked markets · Reading financial statements: what the three statements tell you together

Professional ElectivesModules 21–30 · common to all GLI certifications · broaden your professional range

21

Strategic Communication and Executive Presentation

Vision, purpose and translating direction into work · Audience-centred communication and message structure · Executive leadership: the board interface and enterprise stewardship · Persuasive structure: framing, evidence and the ask

22

Leadership and Team Effectiveness

Leadership identity, style and the limits of style · Leadership assessment, feedback and continuous self-review · What critical reasoning is and what it is not · Situational and adaptive leadership

23

Analytical Thinking and Evidence-Based Reasoning

Creativity and critical-thinking development · Analytical techniques and bias · Evidence-based improvement · Problem framing: symptoms, definition and scope

24

Professional Decision-Making

Managerial decision-making, bias and decision rights · Escalation and decision-making · Decision support: briefs, options and judgement under pressure · Decision frameworks: criteria, weighting and trade-offs

25

Negotiation, Influence and Stakeholder Management

Negotiation preparation: interests, options and the walk-away · Power, followership and organisational politics · Negotiation: preparation, interests and value creation · Concessions, anchoring and the shape of a bargain

26

Project and Execution Management

Proposals, bids and the business case · Project roles and the project manager · Developing the project business case · Planning, scheduling and personal workflow systems

27

Financial Literacy for Professionals

Financial reporting standards and their application · Financial management for the operating manager · Liquidity, funding and balance sheet management · Management accounting: costing, budgeting and decision support

28

Digital Skills, AI and Technology for Professionals

Digital workplace, collaboration and user support · Productivity, collaboration and workflow tools · Tools for interaction and collaboration · Working with data: quality, interpretation and honest presentation

29

Ethics, Governance and Professional Accountability

Ethical leadership: integrity, tolerated behaviour and moral courage · Ethics, conduct and speaking up · Business development risk, ethics and integrity · AI for managers: adoption, oversight and governance

30

Personal Effectiveness, Productivity and Career Growth

Emotional competence: awareness, regulation and expression · Self-awareness, strengths and the accuracy of self-image · Emotional intelligence and self-regulation · Priority: outcomes, importance and the urgency trap

Every module opens in the learning portal with its full lesson set, worked examples, further reading and video masterclasses. 30 modules · 150 lessons.

Learning Outcomes

What You Will Achieve

Establish a comprehensive understanding of Certified Insurance Risk Manager principles aligned with IFRS, GAAP and recognised financial management and reporting standards
Apply evidence-based methods to improve financial management, accounting, budgeting and financial analysis
Master financial accounting, reporting and analysis and budgeting, planning and cost control
Apply corporate finance, investment and valuation and treasury, working capital and cash management in real-world settings
Lead risk management, quality and compliance relevant to your field
Design stakeholder engagement and professional communication strategies
Use data-driven decision-making and performance-measurement tools effectively
Apply internationally recognised best practice to advance your career in financial management

Enrolment Process

How to Get Certified

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Step 1: Choose Your Certification

You are viewing Certified Insurance Risk Manager — one of GLI's 1,990+ globally recognised professional certifications.

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Step 2: Enrol & Pay Online — Instantly

Click Enrol & Study Online to register and pay securely via Paystack, Visa, Mastercard, M-Pesa or bank transfer. Access is granted the moment payment is confirmed.

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Step 3: Study in the GLI Learning Portal

Work through 15 structured modules and 75 lessons at your own pace, with downloadable resources and expert-designed content — all inside the LMS.

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Step 4: Pass, Get Certified & Verified

Sit your final examination online, earn your certificate instantly, and receive a globally verifiable Certificate ID — plus GLI Alumni Network access.

🎓 Enrol & Study Online — Instant Access

Secure checkout · Instant LMS access · Globally verifiable certificate

Frequently Asked Questions

Common Questions

What is the CIRM certification?

The Certified Insurance Risk Manager is a professional certification awarded by the Global Leadership Institute. It covers 20 core modules specific to Insurance Risk Manager, culminating in the capstone “Integrated Insurance Risk Framework”, plus 10 professional elective modules common to all GLI certifications. Candidates study through the online portal, submit the capstone project and sit a final examination; those who pass receive a verifiable certificate carrying a unique certificate ID.

Who should enrol in the CIRM?

This certification is ideal for Finance Officers and Accountants, Budget and Cost Analysts, Finance Managers and Controllers and Auditors and Financial Analysts, and other professionals seeking to formalise their expertise in financial management, accounting, budgeting and financial analysis with a globally recognised credential.

How long does the CIRM certification take to complete?

The programme is structured over 8 Week and offers flexible learning modes. Self-paced learners can progress at their own schedule, while live virtual participants follow a structured cohort schedule with facilitator-led sessions.

Is the CIRM internationally recognised?

Yes. GLI certifications are recognised across 100+ countries and are aligned with IFRS, GAAP and recognised financial management and reporting standards. Graduates receive a digital certificate, a physical certificate and CPD credits recognised by employers worldwide.

What is the cost of the CIRM certification?

The Certified Insurance Risk Manager is offered in two formats: Self-Paced at USD 349 and Live Virtual at USD 549. Corporate group rates are available for organisations enrolling 5 or more participants. Contact GLI for a bespoke corporate training quotation.

What does the CIRM certification include?

Enrolment includes all study materials and study guides, access to GLI's online learning portal, online examination, digital certificate and badge, physical certificate (posted), CPD credits, GLI alumni network membership, and ongoing facilitator support.

What is the assessment format for the CIRM?

The Certified Insurance Risk Manager is assessed through an online examination consisting of multiple-choice questions, case study analysis, and practical application assignments. The assessment is designed to evaluate real-world competency, not just theoretical recall.

What CPD credits do I earn from the CIRM?

The Certified Insurance Risk Manager carries Continuing Professional Development (CPD) credits, which can be applied towards professional body requirements including recognised international professional associations.

Can I study the CIRM while working full-time?

Absolutely. The self-paced option is designed for busy working professionals and allows you to study when and where it suits you. Live virtual sessions are typically scheduled in the evenings or on weekends to accommodate professional commitments.

What career outcomes can I expect from the CIRM?

Graduates progress towards senior finance, controller and CFO roles. The CIRM strengthens your expertise in financial management, accounting, budgeting and financial analysis and positions you for advancement across corporates, banks, NGOs and public-sector organisations.

Graduate Voices

What Our Alumni Say

“

The curriculum was directly applicable to my daily work. I immediately applied what I learned and saw results within weeks of completing the programme.

Finance Director

Private Sector

“

GLI's certification is the most practical professional programme I have attended. The international frameworks gave me credibility with my employer and clients.

Financial Controller

NGO Sector

“

I earned my CIRM while working full-time. The self-paced format made it possible, and the quality of the content is genuinely world-class.

Senior Accountant

Government

Certified Insurance Risk Manager

Certified Insurance Risk Manager

Certification at a Glance

Who Should Enrol?

Everything Included in Your Enrolment

Why This Certification Matters for Your Career

Core Competencies You Will Develop

Programme Modules

What You Will Achieve

How to Get Certified

Common Questions

What Our Alumni Say

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