Audience
This programme is open to anyone working in a Lloyd’s managing agency in an underwriting function.

About the programme
The actuarial function plays an important and influential role in an organisation. Their activities cross many other business functions but, for ‘non-actuaries’, are often deemed difficult to comprehend. This one-day programme designed for underwriters aims to de-mystify the role of the actuary and the work of the actuarial team. The programme will also provide guidance to delegates on how they can work more effectively with actuaries on a day-to-day basis.

Attendees will learn about:

• the unique nature of insurance
• the actuarial approach and cycle
• Lloyd’s unique capital structure and why insurers need capital
• different approaches to risk-based capital
• an overview of Solvency II
• understanding the impact of capital modelling on underwriting targets
• the actuarial approach to business planning
• the components of technical price
• estimating loss costs and pricing models
• exploring Incurred But Not Reported (IBNR) and actuarial reserving methods
• the roles of the actuary and underwriter in pricing
• utilising actuaries for pricing support
• helping actuaries set accurate reserves.

It is an interactive and practical programme that will also provide an opportunity for delegates to network with their peer group.

Presenter
Dave Westall, Delta Omega Consultancy Ltd.

Apply
If you would like to receive full information of the 2018 programme when it’s available, please register your interest online.

CPD hours
This masterclass qualifies for 7 CII CPD hours.