Social security systems are crucial for providing a safety net that supports individuals and families, especially during times of crisis. According to the World Bank, comprehensive social protection systems help poor and vulnerable populations cope with crises, secure jobs, invest in health and education, and support the aging population, playing a significant role in reducing poverty and promoting economic stability.
Effective risk management is crucial for maintaining the stability and reliability of social security systems. Proper risk management ensures that these systems can withstand financial pressures, demographic changes, and other uncertainties, protecting both beneficiaries and the overall economic environment. This advanced course will equip you with the knowledge and skills to manage complex social security systems and effectively mitigate associated risks.
Throughout this course, you will explore the evolution, standards, and impacts of social security, gain insights into barriers and challenges, and learn strategies for extending coverage and financing these systems. Additionally, the course covers risk management techniques, effective management practices, and the role of actuarial reports in identifying and mitigating risks.
Upon completion of Social Security & Risk Management, participants will be able to understand:
- The fundamentals of social security, including its types, significance, standards and regulations
- The long-term and short-term impact of social security at different levels and barriers stand against social security
- Strategies for extending social security coverage
- Social security funding methods and fiscal space
- Types of risks in social securities and how to manage them
- The practices for effective management of social security, including governance, communication, coordination, monitoring and evaluation, and capital development
- The component of actuarial reports and how to develop an effective one
- Social Security Administrators
- Risk Management Professionals
- Actuaries & Financial Analysts
- Government Officials and Policy Makers
- HR & Employee Benefits Managers
- Anyone interested in Social Security