Insurance Portfolio Management
Course Information:
Venue: | Duration: | Date: | Price: |
---|---|---|---|
Online | £1,750.00 | 12 hrs | Flexible |
In-House | Agreed with client | Flexible | POA |
London | 5 days | 14-Feb | £3,500.00 |
London | 5 days | 10-Oct | £3,500.00 |
Who should attend?
- 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
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:
Accreditations
Outcomes
- 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
COURSE TOPICS:
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