IC 86: Risk Management Associateship & Fellowship Mock Test

Prepare Confidently for the IC 86: Risk Management Exam with Comprehensive Mock Tests

This course is specifically designed to help insurance professionals, risk managers, and students prepare for the IC 86 Risk Management Exam conducted by the Insurance Institute of India (III). With over 400 multiple-choice questions mapped to the revised syllabus, this online mock test series provides complete exam readiness through practice, feedback, and conceptual reinforcement.

The course covers all chapters and learning objectives outlined by III, giving you the tools to not only pass the exam but also to deepen your understanding of risk management principles, decision-making, and business continuity strategies.

Why Choose This Mock Test?

• Exam-Aligned Content: All questions are designed based on the Insurance Institute of India’s test objectives for IC 86.

• Comprehensive Chapter Coverage: Includes all topics, from risk classification to enterprise risk management (ERM) and business continuity planning.

• Detailed Explanations: Each question comes with an explanation and knowledge area reference to reinforce learning.

• Real Exam Simulation: Full-length practice tests help you build time management, accuracy, and exam confidence.

• Flexible Online Access: Study anytime, anywhere, and receive instant feedback after every test attempt.

What You’ll Learn:

• Practice with 400+ carefully crafted questions across four full-length mock exams aligned with the Insurance Institute of India (III) IC 86 syllabus.

• Strengthen your knowledge of risk theory, enterprise risk management (ERM), business continuity, and alternative risk transfer mechanisms.

• Receive instant results, feedback, and detailed answer explanations to target weak areas and improve performance.

• Prepare effectively for this 40-credit paper essential for achieving the Associateship or Fellowship Diploma from the Insurance Institute of India.

Who Should Enroll:

• Insurance professionals pursuing Associateship or Fellowship Certification through the Insurance Institute of India.

• Risk managers, compliance officers, underwriters, and auditors seeking to strengthen their knowledge of risk management frameworks.

• Students and working professionals in the insurance, finance, or business continuity sectors aiming for certification or career advancement.

Course Content & Knowledge Areas Covered:

Chapter 1: Risk & Theory of Probability

Risk and uncertainty, risk classification, risk attitudes, cost of risk.

Chapter 2: Risk Management – Scope & Objective

Principles, contributions, benefits, and objectives of risk management.

Chapter 3: Building an Effective Risk Management Programme

Designing, implementing, and maintaining a risk management framework.

Chapter 4: Risk Management Decision-Making (Part 1)

Identifying, assessing, and analyzing risk exposures.

Chapter 5: Risk Management Decision-Making (Part 2)

Alternative risk financing, risk control, selection of risk management techniques.

Chapter 6: Alternative Risk Transfer Mechanisms

Risk transfer to capital markets, ART products, and emerging risk financing solutions.

Chapter 7: Enterprise Risk Management (ERM)

ERM processes, implementation, limitations, value creation, and decision-making impact.

Chapter 8: Business Continuity Management & Disaster Recovery Planning

BCP development, disaster response, recovery phases, and resilience planning.

Chapter 9: Loss Exposures for Major Classes

Property, liability, personnel, and net income loss exposures.

Chapter 10: Risk Management Checklists

Contingency planning, security audits, product liability, harassment policies, and safety assessments.

How This Course Helps You:

• Exam Readiness: Simulate the real exam experience with structured mock tests.

• Knowledge Retention: Reinforce key risk management concepts with detailed explanations and domain-specific feedback.

• Targeted Learning: Identify weak areas by chapter and sharpen your understanding through focused practice.

• Time Management: Build the speed and accuracy needed for exam success.

Important Notes:

• This mock test series is fully aligned with the Insurance Institute of India’s IC 86 syllabus and is designed specifically for exam practice and knowledge enhancement.

• It serves as a complementary tool alongside official study materials or classroom training.