Start Dates

  • September 03, 2024


Program Delivery

  • In Class
  • Any-time Online
Tuition & Fees

Domestic: CAD $1,996


Program Description

The Canadian Risk Management (CRM) designation is a widely recognized qualification that provides risk managers a foundation of knowledge and skills needed to identify, assess, monitor and limit risks. Attaining the CRM designation demonstrates a level of professional commitment, knowledge and skills that employers in both public and private sectors recognize.

This three (3) course certificate of achievement allows you to complete the educational requirements and challenge the national exams to obtain your CRM designation recognized by the Risk and Insurance Management Society (RIMS) and awarded by the Global Risk Management Institute (GRMI).

Courses are credit bearing and transferable into Bow Valley College’s Insurance and Risk Management Diploma.

Why earn the CRM Designation?

Competitiveness: Formal training gives CRM holders a competitive advantage that employers seek.

Credentials: Demonstrates that CRM holders have achieved the knowledge and skills necessary to identify, assess, monitor and limit risks.

Recognition: CRM holders stand out among others in a competitive marketplace.

Advancement: Improves the ability of CRM holders to achieve their organization's risk management objectives and their career goals.

Course Listings Request More Information

Domestic Applicants

Welcome Centre
South Campus – Main Floor

Admission Requirements

Academic requirements
  • Credit in English Language Arts 30-1 or minimum 65% in English Language Arts 30-2 or equivalent
  • Credit in a Grade 30-1 or Math 30-2 or equivalent


Successful completion of the General Educational Development (GED) test that consists of five tests with a minimum score in the following sections:

  • Language Arts: Reading and Writing: 520 minimum standard score
  • Math Test: 520 minimum score


Satisfactory results on the Bow Valley College Admissions test

English language proficiency requirements

For applicants whose first language is not English, please review English language proficiency requirements.

Related Links

Course Listings Request More Information

Domestic Applicants

Welcome Centre
South Campus – Main Floor

Course Listing

Full course outlines are available here.

Curriculum subject to change.

Term 1

Required CoursesCredit

Risk management is critical for an organization's operation. The ability to identify, assess, manage, and monitor risks benefits a business's sustainability and continuity in today's evolving society. This course introduces the fundamental principles and concepts of risk management. Learners practice and apply the risk management standards, framework, process, and strategies through the course.

The purpose of this course is to develop an enterprise-wide perspective of risk by applying risk management concepts to four major categories: hazard (insurable), operational, financial, and strategic. This course broadens your understanding of risk management from its traditional focus on accidental losses to include all risks an organization may face. Learn about global risk management standards such as ISO 31000 and the COSO ERM - Integrated Framework, and discuss various risk identification and analysis techniques in detail. Apply rudimentary analytical tools to assess financial risk in areas of financial leverage, liquidity risk, and capital investment risk. Risk oversight, monitoring, and assurance are discussed from the perspective of governance and internal control. This course relies heavily on insurance based content consistent with risk assessment and risk management principles.

Term 2

Required CoursesCredit

This course will assess the methods which an organization can obtain funds to pay for accidental losses. Emphasis is placed on the selection, implementation and monitoring of various risk financing techniques. Specific subjects discussed are: a framework for risk financing; criteria for risk financing selection techniques; insurance as a mechanism for financing property, net income, personnel, and liability losses; accounting and income tax aspects of accidental losses; insurance pricing; selection of insurers and their representatives; implementing risk retention available options, including the use of affiliated insurers; and cost of risk allocation techniques.

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Business Administration Diploma - Insurance and Risk Management Major

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