Insurance Portfolio Management

Those for whom finance is not a significant part of their responsibility, but who will benefit from understanding it in more depth. They will be from all sectors, including private, public and not-for-profit including:

• Those who are new managers or managers wanting a refresher
• Budget holders who want to create and manage their budgets more effectively
• Operations managers who want to know more about cost management and projects
• Sales and marketing employees who want to understand financial statements
• Anyone who needs to understand key accounting concepts, and improve forecasting and cost management skills
• Managers whoare about to be promoted into positions which require financial literacy
• Managers facing financial decisions or expect to make a contribution to a wider planning process

• Manage effectively the financial aspects of their role by using fundamental bookkeeping and accounting concepts
• Review the different approaches taken in the public and private sector
• Make sense of key financial statements and some key ratios
• Manage financial aspects of projects more effectively
• Participate in the budgeting process

Key InsurancePortfolio Dynamics

• Overview of insurance portfolio dynamics
• Premium vs. risk exposure
• Effective liquidity measurement
• Measuring on-going profitability

Effective PortfolioRisk Management

• Understanding the concept of risk
• Concentration risk
• Geographic risk
• Fraud risk

Practical Portfolio Stress Testing

• Multi-variate scenario planning concepts
• Monte Carlo stress testing
• Root cause analysis techniques
• Financial ratio analysis methodology

Legal Aspects of Portfolio Management

• Overview of global regulatory frameworks
• Management of client premiums
• Anti-money laundering regulatory compliance
• Case study review and analysis – Robert Maxwell Media Group

Continuous Improvement

• Use of technology – including financial modelling and fraud detection
• Enhancing the underwriting process to reduce risk
• Enhancing the claims validation process
• The impact of the loss adjuster role