LOMA 371 Risk Management and Product Design for Insurance Companies Course

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

1,102.50.د.ب


Description

LOMA 371 Risk Management and Product Design for Insurance Companies Course

SUMMARY

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

LEARNING OUTCOMES

Upon completion of the course, trainees will be expected to:
• Understand Financial Orientation to Life Insurance Companies
• Understand the Risk Management in Life Insurance Companies
• Controlling Expenses and Risks in Operations
• Understand the Financial Modeling in Insurance Companies
• Understand the New Products and Product Development
• Understand the Technical Product Design, Product Introduction, and Product Monitoring
• Understand the Incorporating Operating Expenses into Product Design.
• Understand the Time Value of Money Concepts and Cash Values and Accumulation Values.
• Understand the Mortality Tables and Assumptions
• Understand how to Managing Mortality Risk
• Understand the Life Insurance Product Designs
• Understand the Annuity Product Designs
• Understand the Dynamic Applications in Product Modeling
• Understand the Protability Measures

TOPICS COVERED

• Financial Orientation to Life Insurance Companies
• Risk Management in Life Insurance Companies
• Controlling Expenses and Risks in Operations
• Financial Modeling in Insurance Companies
• New Products and Product Development
• Technical Product Design, Product Introduction, and Product Monitoring
• Incorporating Operating Expenses into Product Design
• Time Value of Money, Cash Values and Accumulation Values
• Mortality Tables and Assumptions
• Managing Mortality Risk
• Life Insurance Product Designs
• Annuity Product Designs and Protability Measures
• Dynamic Applications in Product Modeling

ASSESSMENT AND CERTIFICATION

The course is assessed via an online examination after course completion where trainees need to complete a set of questions. Trainees who score higher than 70 and above out of 100 will be awarded a certiبهcate of completion from LOMA.

TARGET AUDIENCE

All employees who are working in the Insurance, Banking & other Financial Services.

DURATION

30 Training Hours

PREREQUISITES

Trainees should have:
• Basic understanding of Risk Management.
• Good command of the English language.

Additional information

Types of certificaitons

Course Level

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Specialization

Training Style

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