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Develop a complete understanding of the core concepts and frameworks of risk management with this guide designed for emerging professionals and students.
This sixth edition is available for students currently studying for the IRM's International Certificate in Enterprise Risk Management June 2025 exam. All students preparing for the December 2025 exam should use the seventh edition.
List of contents
Section - ONE: Introduction to Risk Management; Chapter - 01: Approaches to Defining Risk; Chapter - 02: Impact of Risk on Organizations; Chapter - 03: Types of Risks; Chapter - 04: Scope of Risk Management; Chapter - 05: Principles and Aims of Risk Management; Section - TWO: Approaches to Risk Management; Chapter - 06: Risk Management Standards; Chapter - 07: Establishing the Context; Chapter - 08: Enterprise Risk Management; Chapter - 09: Alternative Approaches; Section - THREE: Risk Assessment; Chapter - 10: Risk Assessment Considerations; Chapter - 11: Risk Classification Systems; Chapter - 12: Risk Analysis and Evaluation; Chapter - 13: Loss Control; Chapter - 14: Defining the Upside of Risk; Section - FOUR: Risk Response; Chapter - 15: Tolerate, Treat, Transfer and terminate; Chapter - 16: Risk Control Techniques; Chapter - 17: Insurance and Risk Transfer; Chapter - 18: Business Continuity; Section - FIVE: Risk Strategy; Chapter - 19: Core Business Processes; Chapter - 20: Reputation and the Business Model; Chapter - 21: Risk Management Context; Chapter - 22: Risk Management Responsibilities; Chapter - 23: Control of Selected Hazard Risks; Section - SIX: Risk Culture; Chapter - 24: Risk-Aware Culture; Chapter - 25: Importance of Risk Appetite; Chapter - 26: Risk Training and Communication; Chapter - 27: Risk Practitioner Competencies; Section - SEVEN: Risk Governance; Chapter - 28: Corporate Governance Model; Chapter - 29: Stakeholder Expectations; Chapter - 30: Operational Risk Management; Chapter - 31: Project Risk Management; Chapter - 32: Supply Chain Management; Section - EIGHT: Risk Assurance; Chapter - 33: The Control Environment; Chapter - 34: Risk Assurance Techniques; Chapter - 35: Internal Audit Activities; Chapter - 36: Reporting on Risk Management
About the author
Clive Thompson has over 40 years of global experience in Insurance and Risk Management. He was founding Chair of the Professional Standards and the Interest Group Committees of the Institute of Risk Management (IRM) where he was Deputy Chair until 2020. As Deputy Chair, he initiated the first seminar to focus on Climate Change at the IRM and instigated the IRM's Special Interest Group on Climate Change. He is a Certified Fellow of the IRM and of the Chartered Insurance Institute. He is co- author of the 6th version of Fundamentals of Risk Management, also published by Kogan Page and is based in Littlehampton, UK.Paul Hopkin is an internationally recognised risk management professional and was previously Technical Director at the Institute of Risk Management (IRM), having held the same role at the Association of Insurance and Risk Managers (Airmic) for nine years. He was previously Director of Risk Management for The Rank Group and prior to that Head of Risk Management at the BBC. He is a Certified Fellow of the Institute of Risk Management.
Summary
Develop a complete understanding of the core concepts and frameworks of risk management with this guide designed for emerging professionals and students.
