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Extracts from A Presentation on Risk Management XYZ Insurance/Group

Extracts from A Presentation on Risk Management XYZ Insurance/Group. Sample Definition of Risk. The Threat of an adverse outcome that will negatively affect Shareholders worth Institutions objectives and strategies. Types of Risk. Operational Risk: IT system failure

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Extracts from A Presentation on Risk Management XYZ Insurance/Group

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  1. Extracts fromA Presentation on Risk ManagementXYZ Insurance/Group

  2. Sample Definition of Risk The Threat of an adverse outcome that will negatively affect • Shareholders worth • Institutions objectives and strategies

  3. Types of Risk Operational Risk: IT system failure Control system failure – business wrongly captured or not transferred to Reassurer and claim arises. Financial Risk: Asset failure Reassurer failure Mispricing Hazard Risk: Environmental pollution, product liability issues /property risk Market Risk: ‘wrong’ purchase. A bad merger

  4. Insurance Business Profile Characteristics Life Health General • Risk • Savings • Risk • Risk Personal Lines Commercial Lines (Group). • Risk: In exchange for a ‘low’ premium, enterprise is exposed to meeting ‘high’ claim reflecting the principles of: • Pooling • Probability.

  5. Instruments used to minimize Risk Underwriting (KYC) • Pricing • Reassurance • Prudent Reserving – done at least on a quarterly basis • Investment strategy (Quality/Diversification etc) • ALM • Continual Process Review/improvement

  6. Contact us for more detailed discussions

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