Programme

WEB FORUM

12 - 16 Apr 2021

Managing Risk & Capital in a Volatile World – Business Simulation for Insurance Ind.

Monday, 12 April 2021

09:00 - 13:00 Onboarding and introduction to IMS (Session 1)
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 organisation, 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

09:00 - 13:00 Value creation and performance ratios (Session 2)
- 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

09:00 - 13:00 UW profitability and capital requirements (Session 3)
- 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

09:00 - 13:00 Impact of reinsurance (Session 4)
- 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

09:00 - 13:00 Investments and Asset-Liability-Matching (Session 5)
- 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.
- 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?
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(All the above times are given in CEST. Time for breaks is included.)

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