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Level: Advanced
Date: 12 – 16 April 2021
Duration:

15.00 – 19.00 CEST

EMEA and Americas friendly time zone

Location:

Virtual Training Course


This innovative training for strategic leaders empowers participants to experience first-hand the challenges of running an insurance company.

Welcome to the Insurance Management Simulation (IMS)

You are part of an executive management team of a small to medium P & C insurer active within a competitive market place. You will need to generate attractive returns for your shareholders, while providing a stable capital base and appropriate risk appetite for sustainable performance. 

Our IMS programme will teach you the key drivers of shareholder value, including underwriting portfolio, capital structure, ALM, solvency and reinsurance requirements. You will manage projects from big data to sustainability and from consumer experience to product innovation.

Target group

This course addresses participants from different areas across an insurance company, from underwriting, claims management, actuarial positions, finance, asset management, or business and product development. On occasion new Board of Directors members attend an IMS course to acquire a comprehensive view of insurance company operations. 

Requirements

Basic understanding of a company's financial statements, as well as insurance areas such as underwriting, claims, accounting, actuarial, investment or marketing is beneficial and recommended. Good command of English.

Agenda

Monday, 12 April 2021
Session 1      Onboarding and introduction to IMS

Your journey to the top starts today!

  • Get familiar with your new role as a new member of the company's executive team.
  • Set up your team's organization, get familiar with your virtual insurance company by using the SWOT technique, and start analysing the company.

Please reserve about 1.5h to prepare for the programme (pre work)

Tuesday, 13 April 2021
Session 2    Value creation and performance ratios

  • Look at the concepts of economic value and link the performance ratios into the concept of a ratio tree. 
  • Discuss your strategy to take decisions on the lines of business, the target customer groups, pricing, underwriting, reinsurance and much more.

Please reserve about 1.5h to prepare for the programme (pre work)

Wednesday, 14 April 2021
Session 3    UW profitability and capital requirements

  • Identify the key elements that drive underwriting profitability, framework for setting a strategic plan. 
  • Introduction to the Solvency ratio, identify different sources of funding, and discuss the risk components of required capital. 
  • Adjust your business and reinsurance decisions to meet your strategic goals. 
  • Discuss different projects from big data to sustainability and from consumer experience to product innovation.

Please reserve about 1.5h to review the past session and prepare for the next. Group work may be involved (pre work)

Thursday, 15 April 2021
Session 4     Impact of reinsurance

  • Focus on solvency ratios, and introduce the concept of underwriting leverage.
  • Examine the capital structure, look at the impact of reinsurance and the capital relief, and discuss the cost of reinsurance and reinsurance leverage.
  • Take into account changing economic conditions for decision making.
  • Identify the effect of interest rates on assets and liabilities, and learn about the concepts of duration and DV01. 

Friday, 16 April 2021
Session 5    Investments and Asset-Liability-Matching

  • Examine the capital structure, and discuss the effectiveness of different reinsurance strategies. 
  • Focus on investment yields, duration and exposure mismatch, and identify the impact on capital used to cover market risk. 
  • Hold an investor pitch and highlight reasons why investors should consider your company as a major investment.
  • Who will be the winner of the challenge?

Contact information

If you are interested in our virtual training course, please contact Flavio Caspar.

Client Programmes Links

Contact

Sabina Baumann

Senior Client Programmes Manager

Swiss Re Institute

I develop and implement Swiss Re Institute's Client Programmes, which offer exclusive content and access to Swiss Re and the institute. To complement our existing portfolio, we have now introduced a number of virtual trainings. I enjoy tailoring our programmes to meet the needs of our clients.

Flavio Caspar

Client Programmes Manager

Swiss Re Institute

Flavio is part of the team responsible for developing and implementing Swiss Re Institute's Client Programmes. The Client Programmes provide exclusive training to selected Swiss Re clients, together with privileged access to the research materials of Swiss Re Institute. He is currently transitioning some of our Programmes into engaging and interactive virtual modules designed for maximum reach among our global participants.