by Diana Yang - Events -

PRESS RELEASE: Center for Insurance and Risk Management to Conduct Innovative Market-Based Risk Management Framework Course October 6 – November 10, 2008

Source: Centre for Insurance and Risk Management.

Original press release available here.

August 26 – The Centre for Insurance and Risk Management at the Institute for Financial Management and Research (IFMR) is conducting an introductory course for the Market-based Risk Management for Development Distance Learning Program (MRMD) of the World Bank.

This is course lays out a conceptual basis for innovative schemes designed to manage risks associated with rural poor in low income countries. The course introduces participants to a market-based risk management approach for correlated risks affecting the agricultural sector such as weather risk and commodity price risk. The “new conceptual framework” is being developed through the World Bank experience in facilitating the transfer of correlated risks to international markets. The course outlines an effective role for national governments, the World Bank, and other donors in this important domain of risk management, and in particular, with the
proposed new conceptual framework. While the framework originates from innovations in agricultural sector it is well suitable for applications within the broader development agenda.

The course consists of three self-paced modules, discussion forums, readings, case studies, and knowledge check quizzes. The modules cover:

• Risk management challenges in lower income countries;
• Key concepts and applications of innovative market-based risk management;
• Role of government and donors in developing and using market-based risk transfer instruments.

For more information on the course visit here.

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