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: +32 (0)10 68 86 07 - info@reacfin.com - www.reacfin.com

About the Workshop Due to the inversion of the production cycle, The aim of this workshop is to the insurance business is very different from - Present the functioning of an insurance company and the insurance other traditional industries. and financial products it manages Understanding, measuring and managing - Explain how to read and understand the performance of insurance companies is complicated by the specific risks insurance the different elements of an insurance companies must cover. balance sheet and P&L It is therefore essential that you, as - Compute performance indicators used employee of an insurance, understand how in different regulatory frameworks your company is functioning, how its activity - Understand the impact of pricing & portfolio management, risk mitigation is measured via the balance sheet and the (reinsurance) and ALM on the P&L, what are the main regulations performance influencing this measure, which indicators are used to assess the performance and how to manage and improve this performance. To deepen your understanding of the concepts, we will also provide you with a free of charge access to our online training path (around 15 modules of 30 minutes) after the training. Reacfin Luxembourg s.a. Avenue Pasteur 6 L-2310 Luxembourg TVA: LU25524077 – BIC : BGLLLULL RPM Luxembourg 2 | P a g e Tel: +32 (0)10 68 86 07 - info@reacfin.com - www.reacfin.com

About the agenda Day 1 – Measuring the performance of an insurance company – 6 th May 9h-10h30  Functioning of an insurance company 10h45-12h30  Introduction to insurance products   Basics of life and non-life insurance Introduction to financial products pricing (pure premium, interest rate, mortality, loadings)  Premium and premium provision 13h30-15h30  Claims and claims provisions 15h45-17h30  Measuring the Performance of an  insurance: the P&L and the local GAAP Main performance indicators in life and balance sheet non-life insurance  Case Study: Computing performance indicators Day 2 – Managing the performance of an insurance company – 7 th May 9h-10h30  Measuring the Solvency of an insurance 10h45-12h30 company thanks to Solvency 2   Case Study: Computing solvency and Measuring the Value of an insurance value indicators company based on IFRS17  Pricing and portfolio management (product mix, improving underwriting, impact on performance) 13h30-15h30  Risk mitigation and reinsurance (goals, 15h45-17h30 main contract, impact on performance)  Introduction to asset & liability  Case Study: Comparing performance of management (ALM) and impact on several insurance companies performance Reacfin Luxembourg s.a. Avenue Pasteur 6 L-2310 Luxembourg TVA: LU25524077 – BIC : BGLLLULL RPM Luxembourg 3 | P a g e Tel: +32 (0)10 68 86 07 - info@reacfin.com - www.reacfin.com

About the Reacfin Academy 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 About the speakers 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. Reacfin Luxembourg s.a. Avenue Pasteur 6 L-2310 Luxembourg TVA: LU25524077 – BIC : BGLLLULL RPM Luxembourg 4 | P a g e Tel: +32 (0)10 68 86 07 - info@reacfin.com - www.reacfin.com

Practical information 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 15 th . 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 of 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 Reacfin Luxembourg s.a. Avenue Pasteur 6 L-2310 Luxembourg TVA: LU25524077 – BIC : BGLLLULL RPM Luxembourg 5 | P a g e Tel: +32 (0)10 68 86 07 - info@reacfin.com - www.reacfin.com