Formation/Cours

At the end of the course, the student should be able to:

– Understand various concepts of risk
– Identify, analyse and evaluate various kinds of risks faced by business firms and individuals.
– Apply the risk management process to select among the alternative techniques for managing these risks.
– Analyse insurance contracts in order to be able to select the right personal or business contracts according to the needs
– Explain and calculate “fair” insurance premiums
– Explain the role of insurer capital and the factors affecting insurer capital decisions
– Understand how moral hazard, adverse selection impact the risk management process
– Understand and calulate insurance reserves
– Know the regulatory requirement for insurance companies : Solvency 2

*Risk Management in Insurance
– The importance of insurance
– Risk management
– Insurance premium calculation
*Insurance business management
– The different types of insurance
– Reinsurance
– Reserving
– Accounting principles
*Insurance financial analysis
– Insurance profitability
– Capital Management
– Insurance regulation : Solvency II