Principles of Insurance

“At EMB we understand that to ensure the most efficient use of your time and money, you need education programmes that are relevant, holistic and balanced. Our courses encapsulate real-world experience and are delivered by market practitioners, so we accurately reflect the marketplace as it is today, not as portrayed in the text books of yesterday.” Richard Rodriguez, Partner at EMB 

The Principles of Insurance programme is designed for practitioners at all levels of experience and seniority, and across all disciplines and products. The courses range from 'demystifying' courses which cover the key features and fundamental concepts of a particular subject area, all the way through to detailed technical courses which cover the the approaches and the key practical considerations. The programme emphasises the connections between the subject areas to provide a cohesive and holistic view of insurance.

Pricing & Underwriting
Details the approaches to producing technical prices from both theoretical and practical perspectives, as well as the considerations in deciding the prices charged to customers, the terms and conditions of the contracts and the eligibility criteria of the products. Particular emphasis is given to asking the right questions, interpreting results and communicating with key stakeholders.

Claims & Reserving
Describes the management of claims and explores the production of reserve estimates from both theoretical and practical perspectives, paying particular attention to dealing with large claims and reinsurance as well as measuring claims uncertainty. Interpretation and communication with key stakeholders is emphasised.

Risk & Capital Management
Examines risk management, capital, solvency and the Risk Management and Financial Model. Details the construction of the model from both theoretical and practical perspectives, as well as the considerations in capital setting and allocation. Particular emphasis is given to interpreting results, communicating with key stakeholders, and embedding the model within the business. New public course dates available

Measuring Performance
Explains the fundamentals of management information, performance measurement and reporting, and explores the use of external market information and benchmarks in day-to-day business activities and processes. 

Marketing
Discusses marketing and marketing analytics, and explores the practical considerations and strategies for marketing non-life insurance.

Reinsurance
Focuses on the concepts of risk and risk transfer, and investigates reinsurance products from both theoretical and practical perspectives.

Legal & Regulatory Awareness
Explores the key organisations, legislation and regulation governing the environment in which the business operates, as well as the internal processes within the business.

Insurance Overview
Explores the fundamentals of risk and insurance, covering common insurance products, the insurance market, distribution and insurance life cycles.

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