Risk Management Module Workshop (Q191128)
The Risk Management Module (RMM) first started in 2003 to show that the Valuation Profession took risk management seriously and were therefore good candidates for professional indemnity insurance.
Valuers who are members of API are required to complete this compulsory module every three years to ensure that they are up-to-date and have the tools to get their risk management right.
Risk management training is important as it puts a consistent base line under the industry and what is acceptable in terms of quality, standards and risks, and provides a standard to which Valuers should operate as professionals in the business.
All API Members who undertake valuations of Australian property (intellectual, personal, real and leasehold property (including plant and machinery) are required to hold a current RMM Completion Certificate.
Applicants for Provisional Membership with Residential Property Valuer and Associate Membership with Certified Practising Valuer must complete a RMM as part of the Future Property Professionals Program.
This workshop will cover:
- Recap on RMM key background messages
- How professional indemnity insurance works
- Myths and bugbears
- Data & intellectual property
- The rise of artificial intelligence
- Clear report writing
- Case Studies and examples
- Exercises in Residential, Commercial, Government or Plant & Machinery
- Individual focus on selected area of practice
After workshop attendance you will be registered to complete the online assessment to obtain your RMM certificate
NB: If you have not done RMM before you need to complete the Introduction to RMM online module before registering for a workshop.
Partner, DLA Piper
Sophie Devitt is a litigation and regulatory lawyer in the insurance sector. She provides regulatory advice to participants in the financial services industry relating to compliance and risk management issues particularly for general insurers, intermediaries and insurance brokers. She also provides general commercial advice for participants in the sector. Her litigation practice has a particular focus of professional indemnity disputes.
Sophie has many years of experience advising those involved in the insurance industry including insurers, intermediaries, brokers and broker associations on issues involving indemnity and policy interpretation. She has also defended a range of professionals in the financial services industry and the property industry and their professional indemnity insurers including insurance brokers, finance brokers, engineers, architects, surveyors and real estate agents.
Completion of the workshop and assessment accrues 3 CPD points. Please Note: Points are awarded on completion of the online assessment module
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