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Master strategic and business management in the insurance sector with our specialized program, designed to equip you with the best methods for developing and effectively implementing strategic plans. You will also gain hands-on experience by applying different scenarios and assumptions through an advanced insurance management simulation system.
The Strategic and Commercial Management Program for Insurance Business is designed to provide participants with the best methods for developing and implementing strategic plans through initiatives and projects that contribute to the effective management of insurance companies. During the training program, participants will use an insurance management simulation system to be able to practice by entering different assumptions and obtaining their results.
Insurance
+4
Business Leadership and People Management
Not Exist
Lecture
Brainstroming +3
Lecture
Brainstroming
Practical Implementation
Dialogue Teams
Exercises and assignments
Pre Exam
Post Exam
Actuary
Risk Management +4
Actuary
Risk Management
Financial Advisory
Risk Management
Underwriting
Corporate Strategy
This provides you with the opportunity to select the available times that suit you best for participation in our program. These times represent slots during which we are ready to welcome you and provide assistance and guidance.
In Class Training-Online Training
Characteristics of the main insurance business units
Implications for managing an insurance company's balance sheet
Sensitivity of different insurance business units to the economic cycle and the insurance cycle (the sector) from a financial and regulatory perspective
Introduction to Insurance Manager Simulation
Explanation of the simulation system
Create working groups and develop strategy from each group
Insurance Manager Simulation
Practice and decision making
In Class Training-Online Training
Characteristics of the main insurance business units
Implications for managing the insurance company's product portfolio
of different insurance business units to the business cycle and the insurance cycle (sector) from a business perspective
Managing a competitive insurance portfolio
How to choose business units?
Gross income from insurance premiums vs. profitability
Applying the topics discussed in the morning sessions
Is our strategic plan paying off in competition?
Stick to or modify our plan
Loss ratio and the impact on profitability
Focus on the portfolio of all products or re-prepared (In this session, the simulation program will increase in speed and complexity)
In Class Training-Online Training
The purpose of capital adequacy and its impact on insurance companies
Capital allocation according to different insurance business units and regulatory requirements
Solvency and capital adequacy
Solvency ratio
Economic capital model
Continuous Insurance Manager Simulation
Apply the topics discussed in the morning sessions
Managing the insurance company's exposure to interest rate and currency risks
Discuss the effect of changes in the yield curve
Measure and manage interest rate risk using term (In this session, the simulation program will increase in speed and complexity)
In Class Training-Online Training
Strategic Pricing Considerations
The relationship between growth and profitability in the insurance sector
Analysis and interpretation of major insurance rates
Insurance cycle management
Preparing the presentation covering the adopted strategy and the desired results versus the actual results from the simulation program
Summary, discussion and lessons learned
Understanding the key factors that impact an insurance company's balance sheet in order to minimize the negative effects of those factors.
Recognize the impact of developments in financial markets on the balance sheet of insurance companies by experiencing different practical cases so that he is prepared to deal with these developments.
Understanding insurance business units and the insurance portfolio with the aim of preparing them for potential adverse future trends.
Learn about managing a competitive insurance portfolio by trying different practical to understand best practices.
Understand the sensitivity of different insurance business units to the economic cycle and the insurance cycle from a business perspective, to create different scenarios and choose the best one.
Understand the concept of solvency margin of insurance companies with the change of factors affecting this margin, to avoid being subject to the penalties resulting from its decrease.
Determining the relationship between pricing growth, profitability and balance sheet management accurately by representing these relationships using simulation programs so that he recognizes the relationships and mutual effects.
