All AGILE Insurance Simulation

AGILE Insurance Simulation

 

Preparing insurance professionals to apply their insurance knowledge to complex situations

Building on our successful track record of preparing financial services professionals to meet technical challenges, FSAA are now preparing you to think strategically whilst adapting to challenges.  

Dates for 2018:

Wednesday 11 and Thursday 12 April

Wednesday 24 and Thursday 25 October

Testimonial

The AGILE workshop delivered by FSAA is the most engaging and interesting course I have attended in a long time.  The one really outstanding aspect is that I feel that it has challenged my way of thinking on areas I hadn’t thought about in my role (other than the financial aspect of insurance).  It was really interesting to work in a team represented by different parts of the industry and just to observe the dynamics of how the decisions were being made by the team members was a unique experience.  The delivery of the course by the presenters kept all the attendees engaged during the course of the day and the annual feedback provided was insightful.

 

 

What is AGILE Insurance Training?

The AGILE insurance simulation enables FSAA participants to bring their technical learning to life by managing a simulated insurance company in direct competition with companies managed by other groups of learners. Over a period of three underwriting years, participants make key decisions on strategic pricing, operations, marketing and segmentation of the portfolio. 

Participants receive annual feedback during the course on the quality of their analysis and decision-making and revise their strategies in response to how they are performing. Harnessing their evolving insights into how the market place is developing, participants simulate various financial scenarios based on a set of assumptions around key inputs that drive an insurance company’s financial statements. 

By facilitating the management of an insurer in an authentic, complex environment, the AGILE insurance simulation provides a helicopter view of insurance while offering the springboard for participants to develop the fresh insights necessary to thrive in conditions of uncertainty.

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Who should attend?

Insurance professionals who have worked in the industry for more than two years.

Insurance professionals including actuarial, underwriting and claims teams. The AGILE Insurance Simulation would also benefit actuarial, underwriting and claims functions of insurance companies have a feel of how their day-to-day decisions impact the overall performance of the entity.

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And why.....?

Industry players recognise that the high levels of technical excellence that have delivered historic success remain vital, but are no longer sufficient. Increasingly insurers' success is defined by their ability to thrive in conditions of uncertainty.

Consequently, financial services professionals require the ability to not only address technical challenges by applying well-honed skills to well-defined problems, but also the mental flexibility to work together to exercise effective judgment and decision-making when tackling adaptive challenges that are open ended, messy and ill-defined.

This course offers participants the opportunity to manage insurance companies in an authentic, complex environment.

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What to expect on the day

Participants will work in small teams to devise and execute strategies for a monoline P&C insurer in direct competition with companies managed by the other participants. Peers around the world report that this develops a rich understanding of the drivers of insurance performance and brings participants' technical skills to life

Participants will manage their companies through three simulated years of decision making using a web-based simulation that has proven effective for learners from over 70 countries around the world but which FSAA is making available to Australian/Australasian companies. The annual decision cycles allow time for practice and experimentation. The decisions taken by participants will allow an insurance cycle to become manifest.

Participants will receive feedback on the quality of their analysis and decision-making on an 'annual' basis and revise their strategies in response to how they are performing. One-click forecasts of how their technical and strategic decisions might perform help participants refine their thinking, as do a full P&L, balance sheet and suite of key performance indicators.

In the buzz of competition, participants experience joy, surprise and many other elements that cement learning, while having fun and forging new relationships with peers and other FSAA Members.

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Ready to Book?

Being held at Karstens, 111 Harrington Street, Sydney on 24-25 October 2018. Arrive by 12.30pm on day one to join the group for lunch.  Training commences at 1.00pm sharp and concludes at 5.30pm.  Further team collaboration will be conducted over informal off-site drinks. Day two kicks off at 9.00am sharp and ends at 12.30pm (approx).

At a cost of just $550 per person, this training represents outstanding value.  Still not sure?  Contact Brian Vowels for more.

REGISTER NOW

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