Social Security & Risk Management

Course Info

Length: 1 Week

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • July-15-2024

    Kuala Lumpur

  • Aug-19-2024

    Kuala Lumpur

  • Sep-16-2024

    Kuala Lumpur

  • Oct-21-2024

    Kuala Lumpur

  • Nov-18-2024

    Kuala Lumpur

  • Dec-16-2024

    Kuala Lumpur

Dates in Other Venues

  • July-01-2024

    London

  • July-01-2024

    Amsterdam

  • July-08-2024

    Dubai

  • July-08-2024

    Barcelona

  • July-15-2024

    Istanbul

  • July-22-2024

    Singapore

  • July-22-2024

    Paris

  • July-29-2024

    Dubai

  • July-29-2024

    London

  • Aug-05-2024

    London

  • Aug-05-2024

    Amsterdam

  • Aug-12-2024

    Barcelona

  • Aug-12-2024

    Dubai

  • Aug-19-2024

    Istanbul

  • Aug-26-2024

    Singapore

  • Aug-26-2024

    Paris

  • Sep-02-2024

    Amsterdam

  • Sep-02-2024

    London

  • Sep-09-2024

    Barcelona

  • Sep-09-2024

    Dubai

  • Sep-16-2024

    Istanbul

  • Sep-23-2024

    Paris

  • Sep-23-2024

    Singapore

  • Sep-30-2024

    London

  • Sep-30-2024

    Dubai

  • Oct-07-2024

    Amsterdam

  • Oct-07-2024

    London

  • Oct-14-2024

    Dubai

  • Oct-14-2024

    Barcelona

  • Oct-21-2024

    Istanbul

  • Oct-28-2024

    Singapore

  • Oct-28-2024

    Paris

  • Nov-04-2024

    Amsterdam

  • Nov-04-2024

    London

  • Nov-11-2024

    Dubai

  • Nov-11-2024

    Barcelona

  • Nov-18-2024

    Istanbul

  • Nov-25-2024

    Paris

  • Nov-25-2024

    Singapore

  • Dec-02-2024

    London

  • Dec-02-2024

    Amsterdam

  • Dec-09-2024

    Barcelona

  • Dec-09-2024

    Dubai

  • Dec-16-2024

    Istanbul

  • Dec-23-2024

    Paris

  • Dec-23-2024

    Singapore

  • Dec-30-2024

    London

  • Dec-30-2024

    Dubai

Course Details

Course Outline

5 days course

Introduction to Social Security 

 

  • Introduction to the concept of social security and its significance 
  • Discussing the evolution of social security 

  • Exploring types of social security benefits and how each works:
  • Retirement benefits
  • Disability benefits 
  • Spousal benefits 
  • Survivor benefits
  • Medical benefits

  • Eligibility requirements for social security benefits 
  • Case study: Analyzing examples of social security systems and highlighting its main features and challenges

Social Security Fundamentals

 

  • Understanding how social security system is funded:

  • Taxation
  • Trust funds
  • Trust fund investments
  • Pay-as-you-go financing 
  • Daily funding operations 

  • Formulas for calculating social security:

  • Primary insurance amount (PIA)
  • Inflation-adjusted earnings base
  • Average indexed monthly earnings (AIME)
  • Bend point percentages

  • Utilizing SSA tools to calculate social security benefits 
  • Understanding the payment of social security benefits 
  • Discussing social security regulations and standards 

Risk Management in Social Security:

  • Risk categories in social security systems:

  • Financial risks
  • Insurance and demographic risks
  • Strategic risk
  • Operational risks

  • Understanding the enterprise risk management (ERM) approach and its role in managing social security systems risk

  • Exploring the process of risk management:
  • Strategic planning 
  • Risk identification and analysis
  • Risk measurement 
  • Risk control & treatment 
  • Risk monitoring & reporting 

  • Understanding how to strategically plan for risk management
  • Discussing how to identify risk in social security systems

 Risk Analysis, Assessment & Control 

 

  • Exploring the process of analyzing risks:

  • Describing and categorize risks
  • Analyzing likelihood and severity 
  • Documenting risk
  • Mapping and prioritizing risk

  • Understanding the importance of developing risk registers and risk maps 
  • Developing key risk indicators (KRIs) to measure risk 
  • Discussing when to tolerance, element, transfer, or transform risk 
  • Exercise: Develop risk registers, risk map, KRIs and action plan 

Risk Monitoring & Reporting 

 

  • Discussing the need for ongoing monitoring and surveillance process 
  • Tools and techniques for risk monitoring 
  • Best practices for reporting and communicating risk 
  • Techniques to build a comprehensive risk management system 
  • Exploring future trends and global practices in social security risk management 
  • Final presentation of risk management plan 
  • Course recap and Q&A