Date | Format | Fees | ||
---|---|---|---|---|
03 Apr - 06 Apr, 2023 | Classroom | ₦200,000 | Register | |
03 Apr - 06 Apr, 2023 | Classroom | ₦200,000 | Register | |
08 Aug - 11 Aug, 2023 | Classroom | ₦200,000 | Register | |
21 Nov - 24 Nov, 2023 | Classroom | ₦200,000 | Register |
Event Details
- A more comprehensive understanding of the skill-set of an Actuary.
- Identification of the insurance issues where Actuaries can help.
- Improved communications with actuaries.
- Understanding of key actuarial techniques.
- A fundamental knowledge of Risk-based Capital and Solvency II.
- A better-informed understanding of the financial dynamics of insurance.
COURSE OUTLINE
The nature of insurance and why actuaries are needed:
- What makes insurance different?
- How do actuaries differ from other insurance professionals?
- The historic development of the actuary’s role in Property / Casualty insurance
- A model of the “Actuarial Cycle”
The Actuary’s role in Capital Modelling and Business Planning:
- Recent changes in insurance regulation – Risk-based Capital and Solvency II de-mystified
- Risk, Reward and Capital – the effect on Underwriting targets
- Building a Business Plan from first principles
The Actuary’s role in Pricing Support and Claims Reserving:
- The Actuary’s role in support of the Underwriter
- Exposure-based and Experience-based pricing models and benchmarks
- Actuarial Reserving for Incurred-but-not-Reported (IBNR) Claims, and for IBNER (not-Enough-Reported)
The Actuary in the context of the business:
- The Actuary’s role in support of general management
- Actuarial two-way interactions with other business functions
- The Actuary’s external responsibilities
- The Actuary as part of a bigger team
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
DATE:
1ST BATCH: 3rd - 6th Apr, 2023
2ND BATCH: 1st - 4th Aug, 2023
3RD BATCH: 28th Nov - 1st Dec, 2023
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Venue
Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.
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