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Organised by the
EAA - European Actuarial Academy GmbH in cooperation with the
Hellenic Actuarial Society.
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, in local GAAP and in IFRS
- Compute performance indicators used in different regulatory
frameworks (Local GAAP, IFRS and Solvency 2)
- Understand the impact of 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 participants will be requested to look at 15 e-learning
capsules (of around 30 minutes each) covering the following topics:
- Functioning of an insurance company (economic principles, main
insurance and financial products, insurance provisions)
- Insurance financial statements in IFRS
- Risk management under Solvency II
The e-learning capsules contain pedagogical presentations of the
concepts with examples. They can be followed by the participants
whenever they want, best before the sessions, as
pre-requisites.
The training will be illustrated by case studies in Excel in which
the participants will be invited to work, too.
Your early-bird registration fee is € 1,202.80 (€ 970.00 net plus
24% VAT, if applicable) for bookings by 3 February 2025. After this
date, the fee will be € 1,587.20 (€ 1,280.00 net plus 24% VAT, if
applicable). |
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