[[Actuarial Notes Wiki|Wiki]] / **DISC RM (CAS)** ## DISC RM (CAS) The **Risk Management and Insurance Operations (DISC RM) Course** is a self-paced online course covering [[Risk Management]], insurance operations, underwriting, claims, and reinsurance. <div class="callout-cols-2"> > [!answer]- 📅 Exam Schedule {2026} > > <div class="highlight-upcoming" data-date-col="0"></div> > > Window | Dates > -|- > Winter | Jan – Mar > Spring | Apr – Jun > Summer | Jul – Sep > Fall | Oct – Dec > > - [Register via The Institutes](https://web.theinstitutes.org/casualty-actuarial-society) (~$255 USD, includes one exam attempt) > [!answer]- 📄 Download Resources {1 PDF} > - [DISC RM Course Syllabus (The Institutes)](https://www.casact.org/sites/default/files/2022-12/DISC_RM.pdf) </div> ### Course Topics > [!example]- Introduction to Risk Management > ### Introduction to Risk Management > a. The [[Risk Management]] Environment > b. Objectives and Benefits > c. Basic [[Risk Measures]] > d. Classifications and Categories > e. Process for Managing Risk > [!example]- Identifying Risk > ### Identifying Risk > a. Holistic [[Risk Identification]] > b. Risk Identification as a Team > c. Assessment Tools and Techniques > [!example]- Managing Business Continuity Risk > ### Managing Business Continuity Risk > a. Organizational Resiliency > b. [[Business Continuity Management]] > c. [[Business Continuity Planning]] > [!example]- Treating Risk > ### Treating Risk > a. [[Risk Treatment]] Fundamentals > b. The Evolution of Risk Treatment > c. Risk Treatment Applications > d. Treating Risk Holistically > [!example]- Insurance as a Risk Management Technique > ### Insurance as a Risk Management Technique > a. Using [[Insurance]] to Treat Risk > b. Managing Personal Property Exposures > c. Managing Personal [[Liability]] Exposures > d. Analyzing Commercial Property [[Loss Exposures]] > e. Analyzing Commercial Liability Loss Exposures > [!example]- Overview of Insurance Operations > ### Overview of Insurance Operations > a. Insurer Goals and Constraints > b. Classification of Insurers > c. Measuring Insurer Performance > d. Functional View of Insurance > e. The Digitization of Insurance > [!example]- Insurance Marketing and Distribution > ### Insurance Marketing and Distribution > a. Property-Casualty Insurer Marketplace > b. Unique Factors in the Property-Casualty Insurer Marketplace > c. Insurer Marketing Activities > d. Insurance Distribution Systems and Channels > e. Functions of Insurance Producers > f. Selecting Distribution Systems and Channels > [!example]- The Underwriting Function > ### The Underwriting Function > a. [[Underwriting]] Activities > b. Underwriting Authority > c. Constraints in Establishing Underwriting Policy > d. Implementing Underwriting Policy > e. Steps in the Underwriting Process > f. Measuring Underwriting Results > [!example]- Underwriting Commercial Property Coverage > ### Underwriting Commercial Property Coverage > a. Identifying the Causes of Commercial Property Loss > b. Analyzing Fire Exposure: The Greatest Threat > c. Evaluating Commercial Property Provisions Affecting the Amount of Loss > d. Verifying Property Values > e. Determining Potential Loss Severity > f. [[COPE Elements]] > [!example]- Underwriting Business Income and Commercial Liability Coverage > ### Underwriting Business Income and Commercial Liability Coverage > a. Estimating Probable Maximum Loss of Business Income > b. Factors that Influence the Maximum Period of Restoration > c. Factors that Influence the Maximum Loss During the Period of Restoration > d. [[Insurance to Value]] for Business Income Coverage > e. Classifying General Liability Accounts > f. Commercial General Liability Premium Bases > g. Underwriting Premises and Operations Liability > h. Underwriting Products and Completed Operations Liability > i. Underwriting Commercial Crime Insurance > [!example]- Underwriting Other Types of Coverage > ### Underwriting Other Types of Coverage > a. Business Auto Underwriting Considerations – Liability Coverage > b. Business Auto Underwriting Considerations – Physical Damage Coverage > c. [[Workers Compensation]] Underwriting Considerations > d. Underwriting Commercial Umbrella and Excess Liability Insurance > e. Underwriting Personal Auto Insurance > [!example]- Risk Control and Premium Auditing > ### Risk Control and Premium Auditing > a. Insurer Risk Control Goals > b. Risk Control Services Provided by Insurers > c. Cooperation Between Risk Control and Other Insurer Functions > d. Reasons for [[Premium Auditing]] > e. Premium Auditing Process > f. Premium Auditing Contributions > [!example]- The Claims Function > ### The Claims Function > a. Overview of the [[Claims]] Function > b. Claims Department Structure, Personnel, and Performance > c. Claims Measures Used to Ensure Regulatory Compliance > d. The Claims Handling Process > e. Framework for Coverage Analysis > f. Applying the Claims Handling Process and the Framework for Coverage Analysis > [!example]- Understanding Reinsurance > ### Understanding Reinsurance > a. [[Reinsurance]] and its Functions > b. Reinsurance Sources > c. Reinsurance Transactions > d. Types of [[Pro Rata Reinsurance]] > e. Types of [[Excess of Loss Reinsurance]] > f. Alternatives to Traditional Reinsurance > [!example]- Insurer Strategic Management > ### Insurer Strategic Management > a. [[Strategic Management]] Process > b. The [[Five Forces]] and [[SWOT]] Methods of Analyzing the Environment > c. Determining Strategy at Different Organizational Levels > d. Strategic Management Case > e. The [[Insurance Underwriting Cycle]]