Fraud Risk Management in Social Insurance & Designing a Risk Framework

  • Fraud Risk Management in Social Insurance & Designing a Risk Framework
  • Bahrain - Manama

Fraud Risk Management in Social Insurance & Designing a Risk Framework

Course Category : Risk Management

A specialised programme focused on analysing fraud risks in social insurance systems and designing a comprehensive risk management framework that strengthens governance, oversight, and financial integrity.
Duration: 5 Days
Level: Advanced.

Starts On

19 - April - 2026

Ends On

23 - April - 2026

Location

Bahrain - Manama

Language

English

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View Course Introductory PDF

Targeted Audience

  • Risk Management Departments and Managers
  • Internal Audit and Control Units
  • Compliance and Investigation Teams
  • Social Insurance and Pension Fund Executives
  • Governance and Regulatory Officers

Targeted Skills

  • Fraud risk analysis in social protection systems
  • Application of structured fraud risk assessment methodologies
  • Risk management framework design based on international standards
  • Development of fraud risk registers and risk matrices
  • Design of preventive and detective internal controls
  • Fraud response planning and investigation procedures

Expected Outcomes

  • Develop a comprehensive understanding of fraud typologies within social insurance systems.
  • Identify and assess fraud risks using structured risk assessment methodologies.
  • Design a fraud risk register and organisational risk matrix.
  • Build a comprehensive risk management framework including governance and reporting structures.
  • Implement preventive and detective internal control mechanisms.
  • Develop structured fraud response and investigation procedures.

Training Topics Index

  • Enterprise Risk Management principles based on COSO ERM
  • Fraud definitions and typologies in the public sector
  • Fraud risks within social insurance systems
  • The Fraud Triangle theory

  • Fraud risk identification techniques
  • Fraud risk assessment methodology
  • Developing a fraud risk register
  • Early warning indicators and fraud red flags

  • Components of a risk management framework
  • Risk appetite and tolerance concepts
  • Roles and responsibilities in risk governance
  • Aligning fraud risk management with organisational strategy

  • Preventive versus detective controls
  • Segregation of duties (SoD)
  • Authorisation and verification controls
  • Whistleblowing and reporting mechanisms

  • Fraud response planning and crisis management
  • Investigation procedures and documentation
  • Key Risk Indicators (KRIs) and monitoring systems
  • Building a risk-aware organisational culture