Event Description

EAA Web Session: Understanding the Performance of an Insurance Company: An Introduction

Due to the inversion of the production cycle, the insurance business is very different from other traditional industries. Understanding, measuring and managing the performance of insurance companies is difficult due to the specific risks insurance companies must cover. It is therefore essential that you, as employee of the insurance sector, 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 what levers can improve this performance. The aim of this workshop is to - Present the functioning of 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 (Local GAAP, Solvency 2) - Understand the impact of pricing & portfolio management, risk mitigation (reinsurance) and ALM on the performance We will cover life as well as non-life insurance. Health insurance will not be specifically covered.

From 02 May 2022 09:00:00
to 05 May 2022 12:30:00
URL: https://actuarial-academy.com/seminars/seminar?No=E0303
Type: CPD
Format: Virtual
Organizaton: External Organization - EAA - European Actuarial Academy GmbH
Status: Active