16-hr, intermediate level
Business Development & Innovation
Introduction to customer centricity | strengthening traditional business models in insurance | analyzing the customer-product-distribution gap | improving the product development and innovation process | using digitalization to enhance premium revenue | looking at success stories and best-practice product development and innovation | analyzing insurTech startups
8-hr, intermediate level
Introduction to Economic Capital
Cash flow solvency | risk-based capital | stochastic modeling | internal models | model validation | regulatory capital paradigms, including Solvency II, Swiss Solvency Test, and other risk-based approaches
8-hr, intermediate level
Introduction to Enterprise Risk Management
Drives of change and the development of ERM | the ERM process | planning and designing an ERM system | implementing and benchmarking an ERM system | measuring and monitoring | learning and reporting
8-hr, introductory level
Introduction to Reinsurance (non-life / life)
Reinsurance in general | proportional reinsurance types | non-proportional reinsurance | interplay between different types of reinsurance | features of life and non-life reinsurance
16-hr, introductory level
Life Insurance Actuarial Mathematics I
Interest theory | The mortality table | The classical model and commutation functions | Discounted value of cash flows | Single and annual premiums | Expense-augmented premiums | Reserves and cash values
16-hr, intermediate level
Life Insurance Actuarial Mathematics II
Substandard risks and risk loadings | Joint-life insurance | Disability insurance: technical background | Disability insurance coverages | Introduction to financial reporting
8-hr, intermediate level
Life & Health Products Underwriting
Underwriting life insurance | financial aspects in life insurance | medical underwriting | occupational risk | sports and hobbies | residence and travel risk
16-hr., intermediate level
Life Reinsurance
Proportional reinsurance for individual and group contracts | Non-proportional reinsurance | Financial reinsurance | Advantages and disadvantages of surplus reinsurance | Services commonly offered by full-service reinsurers
8-hr, expert level
Modeling Embedded Options & Guarantees
Equity-linked insurance products and options | modeling long-term stock returns | the actuarial approach to modeling | option pricing theory and dynamic hedging | emerging cost analyses
8-hr, intermediate level
Optimizing Reinsurance Retentions
Review of types and forms of reinsurance | review of aggregate loss distributions with coverage modifications | elements of reinsurance pricing and exposure rating | defining global reinsurance retentions | selected reinsurance applications
8-hr, introductory level
Product Design & Development
The product development cycle | key elements in product design & development | pricing strategy | profit measurement and analysis | profit optimization | product trends
8-hr, intermediate level
Solvency II for Actuaries
Modeling economic capital | building and validating an economic capital model | modeling market risk | scenario models | EIOPA's risk modules | general insurance risk modeling | modeling dependencies through copulas | risk aggregation
4-hr, introductory level
Solvency II for Senior Managers
Global trends in regulatory solvency capital paradigms | Factor-based vs. risk-based models | Strategic and operational impact of Solvency II