19.10.2020 - 19.10.2020
Tip curs
Online
Grup țintă

Employees of companies from the insurance and financial services industry.

Obiectivele cursului
  • Define the terms solvency and insolvency; interpret the relationships between profit and risk, profitability and solvency; and explain how the objectives of different stakeholders for an insurance company affect the company’s decisions regarding profit and risk.
  • Differentiate between profit and profitability; provide examples of the long-term benefits of strong profitability, as well as the long-term limitations of weak profitability.
  • Differentiate between regulatory capital, rating agency capital, and economic capital, and describe the general areas of solvency regulation for life insurance companies, including balance sheet risk exposures, financial statement review, and financial condition examinations.
  • Discuss risks insurers commonly face when developing new products, including interest-rate risk, credit risk, market risk, and currency risk; and understand how risk management strategies such as diversification, cash-flow matching, duration matching, and hedging are deployed to offset these risks.
  • Describe the three primary components of financial models and identify the types of variables used, how values are assigned to these variables, and how simulation and extrapolation are used to produce outputs.
  • Describe the product development process and the cross-functional teams that participate in product development, as well as the basic stages and elements of the product development process, including conducting comprehensive business analysis, feasibility studies, and market analysis; developing marketing plans; setting product design objectives; and forecasting project costs and returns.
  • Understand key financial concepts such as simple and compound interest, minimum reserve requirements, minimum capital standards, required and risk-free rates of return, the rule of 72, time value of money, and present and future value calculations.
  • Distinguish between an insurer’s general account portfolio and its separate account portfolio and define investment concepts such as price appreciation, price depreciation, rate of return, and rules-based reserve valuation vs. principles-based reserve valuation for statutory accounting.
  • Describe how mortality affects the cost of benefits for life insurance and annuity products, and the adjustments actuaries make to experience mortality curves for a specified product.
Investiție

The participation fee may be subject to changes based on LOMA policy.

Investiția necesară pentru a participa la acest curs include

  • accesul pentru o perioada de 6 luni la platforma de elearning si sustinerea unui test de evaluare
Detalii curs

LOMA 371 describes technical product design for life insurance and annuities and the current state of risk management in insurance companies.

This course will be followed by an online exam in order to obtain the designation.

All LOMA courses have been reviewed and updated as appropriate to reflect the DOL Fiduciary Rule.

This course counts as credit toward the following designation programs: FLMI, PFLP.

The learners will be awarded with a personalized certificate upon the successful completion of the course and the related I*Star (Individually Scheduled Test and Results) exam within 6 months after the enrollment.

Language: English

The course is online and can be accessed both from computer and mobile devices.

Participants in this module will be allocated 20 credits point related to continuous professional training for insurance distributors according to the ASF Norm no.20 / 2018.

The course can only be completed once in the continuous professional training program.

Nr. de credite
20
Nr. de ore
30
Preț cu TVA
1161 RON
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