Measuring and managing the performance of an insurance company 6 th - - PDF document

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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

Measuring and managing the performance of an insurance company

Reacfin Workshop

6th & 7th May 2020 - Luxembourg

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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

About the Workshop

Due to the inversion of the production cycle, the insurance business is very different from

  • ther traditional industries.

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

  • Present

the functioning

  • f

an insurance company and the insurance and financial products it manages

  • Explain how to read and understand

the different elements of an insurance balance sheet and P&L

  • Compute performance indicators used

in different regulatory frameworks

  • Understand the impact of pricing &

portfolio management, risk mitigation (reinsurance) and ALM

  • n

the performance To deepen your understanding of the concepts, we will also provide you with a free

  • f charge access to our online training path

(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

About the agenda

Day 2 – Managing the performance of an insurance company– 7th May

9h-10h30

Functioning of an insurance company  Introduction to insurance products  Introduction to financial products

10h45-12h30

 Basics of life and non-life insurance pricing (pure premium, interest rate, mortality, loadings)  Premium and premium provision

13h30-15h30

 Claims and claims provisions  Measuring the Performance

  • f

an insurance: the P&L and the local GAAP balance sheet

15h45-17h30

 Main performance indicators in life and non-life insurance  Case Study: Computing performance indicators

9h-10h30

 Measuring the Solvency of an insurance company thanks to Solvency 2  Measuring the Value of an insurance company based on IFRS17

10h45-12h30

 Case Study: Computing solvency and value indicators  Pricing and portfolio management (product mix, improving underwriting, impact on performance)

13h30-15h30

 Risk mitigation and reinsurance (goals, main contract, impact on performance)  Introduction to asset & liability management (ALM) and impact on performance

15h45-17h30

 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.

About the speakers About the Reacfin Academy

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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

  • Participation is flexible: you can sign up for Day 1, Day 2 or all days

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

  • Cancellation is possible up to 15 days before the training. After this deadline a cancellation fee
  • f 50% will be applied. Switching participant is possible at any time.
  • Reacfin has the possibility to cancel the training if the number of participants is too low.

Place & accommodation

  • Event will take place in Novotel Luxembourg Kirchberg, 6 Rue du Fort

Niedergrünewald, L-2226 Luxembourg.

Required material

  • Attendees are encouraged to bring a laptop computer with Excel

installed.

Language

  • Presentation will be performed in French, but the training material will

be provided in English.

Contact

  • To subscribe go to:

https://reacfinacademy.typeform.com/to/NgY4vu

  • For any questions, feel free to contact us :

learning@reacfinacademy.com

Practical information