Insurance Management Simulation for L&H SouthEast Asia region

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.

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, 30 May 08:30 – 17:00 SGT
Wednesday, 31 May 08:30 – 17:00 SGT
Thursday, 01 June 08:30 – 16:00 SGT

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.

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 analyse 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.

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 analyse 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 analyse your company's results. Changing customer buying behaviour, challenges from insurance market developments, as well as economic conditions must be considered when making decisions for round three. 

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.