24/01/2024

EAA Web Session "Understanding the Performance of an Insurance Company: An Introduction" from 10-16 April 2024

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EAA Web Session

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Understanding the Performance
of an Insurance Company:
An Introduction

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10/11 & 15/16 April 2024 | 9:00-12:30 CEST

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Due to the inversion of the production cycle, the insurance business is very different from other traditional industries. Understanding, measuring and managing the performance of insurance companies is difficult due to the specific risks insurance companies must cover. It is therefore essential that you, as employee of the insurance sector, understand how your company is functioning, how its activity is measured via the balance sheet and the P&L, what are the main regulations influencing this measure, which indicators are used to assess the performance and what levers can improve this performance.

The aim of this workshop is to:

  • Present the functioning of an insurance company and the insurance and financial products it manages
  • Explain how to read and understand the different elements of an insurance balance sheet and P&L
  • Compute performance indicators used in different regulatory frameworks (Local GAAP, Solvency 2)
  • Understand the impact of pricing & portfolio management, risk mitigation (reinsurance) and ALM on the performance

We will cover life as well as non-life insurance. Health insurance will not be specifically covered.

The seminar will alternate between methodological concepts, practical examples and case studies in order to ensure a comprehensive understanding of the techniques presented.

The participants will be requested to watch 14 e-learning capsules (of around 30 minutes each):

  • Functioning of the company (main economic principles, insurance premium, main insurance and financial products)
  • How to measure and manage the performance of an insurance company
  • Focus on non-life and life products

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The e-learning capsules contain pedagogical presentations of the concepts with examples. They can be followed by the participants whenever they want between the web sessions, as pre-requisites.
The participants will perform the case studies in Excel.

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PREMIUM SPONSOR
of this web session:

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Your early-bird registration fee is € 780.00 net, plus VAT (if applicable) for bookings by 28 February 2024. After this date, the fee will be € 1015.00 net, plus VAT (if applicable).

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Details

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Programme

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Registration

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Coming soon...

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CERA, Module A: Quantitative Methods of ERM | 13-16 February 2024

Volatility Adjustment under Solvency II | 22 February 2024

State of the Art Tech in Actuarial Science | 1 March 2024

...and a lot more! Explore our website for more information or download our overview.

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actuarial-academy.com

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