Insurance Management Simulation

This innovative training for strategic leaders empowers participants to experience first-hand the challenges of running an insurance company.
Event Quickinfo
Date 11 - 13 Oct 2022
In person Center for Global Dialogue Click to open Google Maps
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Welcome to the Insurance Management Simulation

You are part of an executive management team of a small to medium P&C insurer active within a competitive marketplace. 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.

If you have a non-financial background you may benefit to first join the course "The Drivers of Value Creation in the Insurance Industry" which is offered on 4 – 7 October 2022.


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.

Seats are limited to allow for active exchange amongst participants. Please only register if you can make yourself available for the full duration of the course.


Training Days

Tuesday 11 October 2022, 08:30 – 17:00 CEST

Wednesday 12 October 2022, 08:30 – 17:00 CEST

Thursday 13 October 2022, 08:30 – 17:00 CEST


The event may be photographed, videotaped, filmed and /or digitally recorded. You consent to Swiss Re's use, free of charge, of any memorialization of the event in which you may appear for any Swiss Re publication or promotional purpose.


Tuesday 11 October 2022, 08:30 – 17:00 CEST

Day 1: Introduction to IMS and set up

  • Receive your briefing as a new member of the company's executive team.
  • Set up your team's organisation, get familiar with your virtual insurance company by using the SWOT technique, and start analysing your company.
  • Focus on underwriting activities and identify key ratios to analyze underwriting profitability by line. 
  • Explore how to calculate the capital intensity of different lines of business and hence construct a focused underwriting strategy.
  • Learn about the contribution margin and consider this concept when implementing your underwriting decisions.
  • It is then up to you and your team to discuss your strategy, take decisions on the lines of business, the target customer groups, pricing, underwriting, reinsurance and much more. Hand in your period-one decisions before the end of the day.

Wednesday 12 October 2022, 08:30 – 17:00 CEST

Day 2: Value creation and performance ratios

  • We start by debriefing of the first round's results with a focus on underwriting.
  • Next, we will move on to analyze the investment decisions. Understand cash generation and review the bond schedules to improve your cash management and apply ALM to set the investment strategy.
  • You will need to determine your capital requirements and choose your preferred funding mix, taking into account your risk appetite as well as the financial market outlook in Atlantis.
  • In addition, you will also be given the opportunity to implement a project within your company to support your company's overall strategic direction.
  • After lunch, we will be reviewing round two results, focusing on the solvency ratios of each company and the reason for any differences between them. 
  • We then look at different capital management strategies and sources of capital.  Consider how to compare the costs of equity, subordinated debt and reinsurance, and look at a range of different reinsurance structures to determine when each structure creates value.
  • You and your team will again analyze your company's results. Changing customer buying behavior, challenges from insurance market developments, as well as economic conditions must be considered when making decisions for round three.  

Thursday 13 October 2022, 08:30 – 17:00 CEST

Day 3: UW profitability and capital requirements

  • We debrief round 3 and examine the capital structures of your insurance companies and discuss the effectiveness of your different reinsurance strategies.
  • Your team will now engage in the last round of decision making.
  • After handing in your decisions, you hold an investor pitch and highlight reasons why investors should consider your company as a major investment.
  • In our last debrief, we focus on how you have managed all the different elements of insurance company performance and in particular the trade-off between solvency and profitability.
  • Now we are ready to reveal the winner of the challenge!
  • A short feedback session will mark the end of the official programme and we will farewell you with awarding you the certificates.

Contact Your trainer

Contact Any questions about invitation process and/or programme?

Profile picture of Sabina Baumann

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.