Monday, 06 September 2021
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09:00 - 13:00
Onboarding and introduction to IMS (Session 1)
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Your journey to the top starts today!
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- Get familiar with your new role as a new member of the company's executive team.
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- Set up your team's organisation, get familiar with your virtual insurance company by using the SWOT technique, and start analysing the company.
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Please reserve about 1.5h to prepare for the programme (pre work).
Tuesday, 07 September 2021
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09:00 - 13:00
Value creation and performance ratios (Session 2)
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- Look at the concepts of economic value and link the performance ratios into the concept of a ratio tree.
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- Discuss your strategy to take decisions on the lines of business, the target customer groups, pricing, underwriting, reinsurance and much more.
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Please reserve about 1.5h to prepare for the programme (pre work).
Wednesday, 08 September 2021
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09:00 - 13:00
UW profitability and capital requirements (Session 3)
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- Identify the key elements that drive underwriting profitability, framework for setting a strategic plan.
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- Introduction to the Solvency ratio, identify different sources of funding, and discuss the risk components of required capital.
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- Adjust your business and reinsurance decisions to meet your strategic goals.
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- Discuss different projects from big data to sustainability and from consumer experience to product innovation.
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Please reserve about 1.5h to review the past session and prepare for the next. Group work may be involved (pre work).
Thursday, 09 September 2021
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09:00 - 13:00
Impact of reinsurance (Session 4)
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- Focus on solvency ratios, and introduce the concept of underwriting leverage.
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- Examine the capital structure, look at the impact of reinsurance and the capital relief, and discuss the cost of reinsurance and reinsurance leverage.
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- Take into account changing economic conditions for decision making.
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- Identify the effect of interest rates on assets and liabilities, and learn about the concepts of duration and DV01.
Friday, 10 September 2021
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09:00 - 13:00
Investments and Asset-Liability-Matching (Session 5)
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- 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.
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- Examine the capital structure, and discuss the effectiveness of different reinsurance strategies.
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- Focus on investment yields, duration and exposure mismatch, and identify the impact on capital used to cover market risk.
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- Hold an investor pitch and highlight reasons why investors should consider your company as a major investment.
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- Who will be the winner of the challenge?
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(All above times are in CEST. Time for breaks is included.)
