Insurance

An overview of insurance disruption drivers: main trends walkthrough, collection of illustrative use cases, and suggested reading on digital topics.

To survive in the digital era, every insurer must undergo full digital transformation. This paper outlines what steps thneed to take to achieve this.

Digital offers to insurers a solution to many problems. However, the challenge resides in the coherence between choices and their execution This document provides an point of view on the digital transformation journey and start discussion with clients.

On completion of this tutorial, you will be able to: Identify the principles of insurance contracts and the organizational structures of insurance companies Recognize the major business lines of insurance companies and the challenges facing those companies Identify the key insurance company performance metrics Tutorial Overview Many people by their nature are risk averse.

They would prefer to pay a premium for someone to absorb the risk for them. The insurance industry in return for a fee offer protection to individuals and businesses against potentially ruinous risk.

This tutorial looks at the different risks that insurance companies cover and the challenges they face in insuring these risks on behalf of individuals and businesses. Prerequisite Knowledge No prior knowledge is assumed for this tutorial.

This course presents a high-level overview of the basics of insurance, risk assessment, underwriting, claims, and actuarial science.Overview: The global insurance industry provides protection for corporations, groups, and individuals, ensuring that risk can be mitigated and losses, if any, can be recouped. There are basic concepts associated with insurance, underwriting, and actuarial practices. These concepts form the basis for a thorough understanding of the practical uses of insurance, the purpose of risk assessment and mitigation, and the role played by insurance companies and their employees.

Presentation deck used for New Manager/Associate Director Program (NMADP) for the Insurance Sector breakouts. Read speaker notes pages.

Robotic process automation (RPA) refers to the use of software to replicate process steps that are typically performed by humans. This tutorial provides a high-level overview of RPA, including its benefits and limitations, particularly in the context of the financial industry. The tutorial also outlines how concepts such as machine learning and artificial intelligence are expected to enable the next stage of automation after RPA. Prerequisite Knowledge None Level: Introductory.

This course presents a high level view of group insurance and pension plans, reinsurance, and annuities.

Overview: Insurance companies contribute to the ecoNot eligiblemic growth of countries, businesses, and individuals and help improve the ecoNot eligiblemic climate.

Special insurance arrangements such as group insurance, reinsurance, and annuities cater to the special requirements of a variety of customers, with group benefits providing life and health insurance as employee benefits, reinsurance providing protection for insurance companies against risk, and annuities providing periodic payments over a specified period of time.

Comprised of a variety of stakeholders, the Insurance industry provides products and services that are designed to protect businesses and individuals from risks. The industry players deliver risk coverage, while attempting to manage their own risks in an environment that is subject to regulatory requirements, competitive forces, margin pressures, and changing customer demands. Insurance companies adopt unique strategies to overcome these challenges and to propel growth and market share in a global environment.

This course helps learners understand key concepts, terminology, issues, and challenges associated with the insurance industry, and strategies employed to meet some of those challenges. It identifies the main sectors of the insurance Industry and its business drivers, and reviews the key aspects of the industry business model, its competitive environment, and the current trends in the industry. Finally this course outlines key challenges facing this industry and presents common strategies that industry players are adopting to overcome challenges. This course was updated in 2015.

The decision to choose one security over another is a two-stage approach. The first stage requires the expected return to be calculated while the second stage requires the volatility of that expected return to be calculated. This tutorial shows how investors can pick the combination of expected return and risk (variance/standard deviation) that best matches their risk preference.

While there are almost endless possibilities of portfolio composition, we show how given a specific set of stocks, the optimal portfolio composition can be calculated. This tutorial is the same portfolio for all, irrespective of risk preferences. This tutorial shows how we arrive at the optimal portfolio and why it is the same tutorial that every rational investor will choose.

In a world where people's finances are finite, choices must be made in relation what to include in their investment portfolios. Investor's must know how to estimate the risk and return of their portfolio each time they select different variations of securities. This tutorial shows how investors can work out the portfolio risk and return so they can choose the portfolio weighting that that best matches their risk preference.

The global financial crisis focused attention on risks beyond 'simple' measures of credit exposure. Among many other issues, the crisis highlighted the problem of counterparty credit risk (CCR) when the demise of an institution causes losses in financial instruments where the credit of the counterparty is not referenced directly. In particular, the linkages between derivatives counterparties and the associated credit risks were at the root of concerns over the collapse of Lehman Brothers and the bailout of AIG. This tutorial analyses how CCR is generated within financial markets and shows how the scale of exposure can be initially assessed.

Inverse FRNs (also called reverse or bull FRNs) grew in popularity in the 1980s and 1990s, in response to investors looking to profit from falls in short-term interest rates. This tutorial examines the evolution and construction of inverse FRNs and closely-related structures, where the coupon being paid to investors is a hybrid of different components (such as a fixed part and a floating part). The tutorial analyses the motivations behind the purchase of such structures, as well as how the value of the structures can change.

In financial markets, there are many examples of cash flows that occur at some point in the future but which need to be evaluated today. A cash flow in the future has a value today called the present value. This tutorial describes the concepts of present value and future value, and the relationship between them.