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Reacfin Luxembourg s.a. Avenue Pasteur 6 L-2310 Luxembourg TVA: LU25524077 – BIC : BGLLLULL RPM Luxembourg Tel: +32 (0)10 68 86 07 - info@reacfin.com - www.reacfin.com
Measuring and managing the performance of an insurance company 6 th - - PDF document
Reacfin Workshop Measuring and managing the performance of an insurance company 6 th & 7 th May 2020 - Luxembourg Reacfin Luxembourg s.a. Avenue Pasteur 6 L-2310 Luxembourg TVA: LU25524077 BIC : BGLLLULL RPM Luxembourg 1 | P a g e Tel:
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Reacfin Luxembourg s.a. Avenue Pasteur 6 L-2310 Luxembourg TVA: LU25524077 – BIC : BGLLLULL RPM Luxembourg Tel: +32 (0)10 68 86 07 - info@reacfin.com - www.reacfin.com
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Reacfin Luxembourg s.a. Avenue Pasteur 6 L-2310 Luxembourg TVA: LU25524077 – BIC : BGLLLULL RPM Luxembourg Tel: +32 (0)10 68 86 07 - info@reacfin.com - www.reacfin.com
Due to the inversion of the production cycle, the insurance business is very different from
Understanding, measuring and managing the performance of insurance companies is complicated by the specific risks insurance companies must cover. It is therefore essential that you, as employee of an insurance, understand how your company is functioning, how its activity is measured via the balance sheet and the P&L, what are the main regulations influencing this measure, which indicators are used to assess the performance and how to manage and improve this performance. The aim of this workshop is to
the functioning
an insurance company and the insurance and financial products it manages
the different elements of an insurance balance sheet and P&L
in different regulatory frameworks
portfolio management, risk mitigation (reinsurance) and ALM
the performance To deepen your understanding of the concepts, we will also provide you with a free
(around 15 modules of 30 minutes) after the training.
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Reacfin Luxembourg s.a. Avenue Pasteur 6 L-2310 Luxembourg TVA: LU25524077 – BIC : BGLLLULL RPM Luxembourg Tel: +32 (0)10 68 86 07 - info@reacfin.com - www.reacfin.com
Day 1 – Measuring the performance of an insurance company – 6th May
Day 2 – Managing the performance of an insurance company– 7th May
Functioning of an insurance company Introduction to insurance products Introduction to financial products
Basics of life and non-life insurance pricing (pure premium, interest rate, mortality, loadings) Premium and premium provision
Claims and claims provisions Measuring the Performance
an insurance: the P&L and the local GAAP balance sheet
Main performance indicators in life and non-life insurance Case Study: Computing performance indicators
Measuring the Solvency of an insurance company thanks to Solvency 2 Measuring the Value of an insurance company based on IFRS17
Case Study: Computing solvency and value indicators Pricing and portfolio management (product mix, improving underwriting, impact on performance)
Risk mitigation and reinsurance (goals, main contract, impact on performance) Introduction to asset & liability management (ALM) and impact on performance
Case Study: Comparing performance of several insurance companies
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Reacfin Luxembourg s.a. Avenue Pasteur 6 L-2310 Luxembourg TVA: LU25524077 – BIC : BGLLLULL RPM Luxembourg Tel: +32 (0)10 68 86 07 - info@reacfin.com - www.reacfin.com
Reacfin Academy is the business line of Reacfin dedicated to continuous professional education and training in Finance, Risk Management, Portfolio Management, Actuarial Science and Data Science. www.reacfinacademy.com
Pierre DEVOLDER
Chairman of Reacfin, professor at the University of Louvain (UCL) and academic member IA|BE
Expert in Pension, Life Insurance, ALM and Stochastic Finance. Ex-Board Member at Axa Belgium with 35+ years of experience in insurance.
Xavier MARECHAL
CEO Reacfin and IA|BE qualified actuary
Expert in Non-Life and Health insurance (pricing, product development, reserving and risk management).
Aurélie MILLER
Head of Reacfin's Life, Health and Pension Center of Excellence, director at Reacfin and IA|BE qualified actuary
Expert in Life and Health insurance (pricing, product development, reserving and risk management), Solvency 2 and IFRS 17.
Samuel MAHY
Head of Reacfin’s Non-Life Center of Excellence, director at Reacfin and IA|BE qualified actuary
Expert in Non-Life and Health insurance (pricing, product development, reserving and risk management), reinsurance and Solvency 2.
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Reacfin Luxembourg s.a. Avenue Pasteur 6 L-2310 Luxembourg TVA: LU25524077 – BIC : BGLLLULL RPM Luxembourg Tel: +32 (0)10 68 86 07 - info@reacfin.com - www.reacfin.com
Pricing
according to your needs and availability. Early bird prices are open until March 15th.
Day 1 Day 2 2-day package Early price/person €700 excl. VAT €700 excl. VAT €1200 excl. VAT Price/person €850 excl. VAT €850 excl. VAT €1500 excl. VAT
Place & accommodation
Niedergrünewald, L-2226 Luxembourg.
Required material
installed.
Language
be provided in English.
Contact
https://reacfinacademy.typeform.com/to/NgY4vu
learning@reacfinacademy.com