In this presentation, the fourth in the YMC Skills Series, Mike O’Dea and Andrew D’Arcy from Gen Re focus on the financials of a (re)insurance company with a particular focus on external factors and their influence.

Description

We’ve all read news articles about the changes in the current economic environment and while we might be noticing a difference in our personal finances – do you know how insurance companies are being impacted?

This session is designed to give you detail both in terms of an insurance company’s financial reporting and how it’s being impacted by the current environment. It also provides a high-level overview from a management perspective on how underwriting strategy is being impacted.

This will equip you for conversations that extend beyond your day-to-day remit and provide context to the economic environment insurers are currently operating in.

Learning objectives

• Gain an understanding of the balance sheet of a (re)insurance company focusing on investment and reserves
• Appreciate how the focus of reporting requirements can differ for shareholders, rating agencies and regulators and how companies assess the impact of external factors
• Learn how external economic factors influence wider underwriting strategy and approach with particular emphasis on the current environment

Speakers

• Andrew D’Arcy, Head of International P&C, Gen Re
• Mike O’Dea, Chief Financial Officer, Gen Re