Product and Business Practices Risk

"Product and Business Practices Risk" Module is part of the "Certified Chief Risk Officer (C-CRO)" and the " Certified Operational Risk Officer (C-ORO)" training programs.

Subject Areas

√ Anatomy of products
  • Product life cycle and risks
  • When a product fails
  • General principles of modelling failure and impact recognition
  • Distinction between normal wear and failure
  • The safe and unsafe failure of a product
  • Examples and comprehension quizzes
√ Product Risks
  • Techniques for identifying and assessing the risks of product failure
  • Introduction to product safety systems – System structure & benefits of adopting them
  • Techniques for dealing with risks of product failure
  • Examples & comprehension quizzes
√ Tracing & Product Safety Monitoring & Controls
  • Principles of tracing, monitoring and control of product safety
  • Modern concepts & product monitoring technologies
  • The role of the decentralized ledger as a tool Tracking
  • Product forensics failure testing techniques
  • Management of incidents of product failure (crises) – its importance Preparation
  • Benefits of product safety practices in design, development and their life cycle
  • Examples & comprehension quizzes
√ Insurance related to products
  • Basic principles of product insurability
  • Introduction to product liability and recall insurance
  • Management of insurance claims related to products
  • Examples & comprehension quizzes
√ Risks of business practices
  • Anatomy of risks of business practices
  • Key risks related to business practices:
  • Violations of custodians / administrators
  • Suitability of services, lack of customer knowledge
  • Information disclosure violations
  • Privacy violation
  • Aggressive sales
  • Speculation
  • Incorrect use of confidential information
  • Responsibilities of lenders
  • Violation of antitrust rules
  • Market manipulation
  • Control & management of risks in business practices
  • Examples & comprehension quizzes

Seminar Timetable

1st & 2nd Teaching Hour
3rd & 4th Teaching Hour
5th of December
18.30 - 20.00
20:00 - 20:15
20.15 - 21.45

Course Start Date
5 of December 2024

Cost of Attendance

200 €
  • 4 Hours
  • Live Online
  • Attendance Certificate


John <br/>Papageorgiou MSc
Papageorgiou MSc
Senior Risk Consultant, Aon