Apply the relevant accounting and disclosure treatment to insurance product pricing models.
Building Advanced Insurance Product Pricing Models
Move insurance product pricing models from general awareness to a repeatable, reviewable practice.
📍 Istanbul🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points
Course Overview
The audit trail behind insurance product pricing models matters as much as the decision itself. Capital, liquidity and reputation are all exposed by weak handling of pricing models. The course covers this aspect of financial and banking practice at the level of detail needed to act, and stops there. Practitioner evidence points the same way: insurance product pricing models improves fastest where responsibility for it is named and owned. Discussion is anchored to worked examples of the wider financial and banking practice agenda rather than to abstract argument. They gain the ability to sequence improvements to pricing models in an order their organisation can absorb. The programme suits teams tackling insurance product pricing models together as readily as individuals attending alone. Plans for pricing models often fail at the handover point between functions. The programme closes with an action plan for this strand of financial and banking practice that each participant writes for their own organisation.
Expected Learning Outcomes
Set the minimum documentation for pricing models that is genuinely necessary, and stop there.
Design reconciliation and settlement controls covering insurance product pricing models.
Stress test pricing models against scenarios that are plausible rather than comfortable.
Set a realistic target state for insurance product pricing models and a defensible route to it.
Integrate pricing models into existing management routines rather than running it separately.
Validate the assumptions inside any model supporting insurance product pricing models.
Who Should Attend
Financial technology and change staff modernising insurance product pricing models.
Project and programme managers whose delivery depends on pricing models.
Regulatory reporting analysts covering insurance product pricing models.
Operations staff who encounter the consequences of pricing models directly.
Internal auditors reviewing the controls around insurance product pricing models.
Finance managers reporting on pricing models.
Course Modules
Insurance product pricing models: measurement, models and their assumptions
2 sessions · 8 pointsSession 1Pricing insurance product pricing models for the risk actually taken
- Compare the cost of insurance product pricing models with the cost of its absence.
- Identify single points of dependency in pricing models and reduce them.
- Record the rationale for each significant choice made about insurance product pricing models.
- Test pricing models against a scenario the organisation would rather not model.
Session 2The paperwork for pricing models that is actually needed
- Set the review interval for insurance product pricing models and who attends.
- List the assumptions in any model supporting pricing models and when each was last challenged.
- Prepare the evidence pack demonstrating insurance product pricing models operated as designed.
- Confirm segregation of duties across initiation, approval and settlement of pricing models.
Pricing models: the control framework and segregation of duties
2 sessions · 8 pointsSession 1What a supervisor will ask about pricing models, and in what order
- Confirm client due diligence standards applied to insurance product pricing models are current.
- Review concentration by counterparty, sector and geography inside pricing models.
- Record what was learned when insurance product pricing models did not go as planned.
- Name a single owner for each element of pricing models.
Session 2The early warning on pricing models that arrives in time
- Map the handovers in insurance product pricing models between functions and secure them.
- Identify the key controls over pricing models and who tests them.
- Agree what will be standardised in insurance product pricing models and what will not.
- Document the remediation plan for each known weakness in pricing models.
Pricing models: audit evidence and examiner readiness
2 sessions · 8 pointsSession 1Reporting pricing models so the reader can act on it
- Confirm reporting on insurance product pricing models reaches the committee that can act on it.
- Agree the smallest change to pricing models that would be visibly useful.
- Assign responsibility for keeping documentation of insurance product pricing models current.
- Identify where judgement in pricing models is legitimate and where it is not.
Session 2What to measure in insurance product pricing models and what to ignore
- Check the legal and contractual exposure created by insurance product pricing models.
- Remove steps in pricing models that add effort without adding assurance.
- Define acceptance criteria for insurance product pricing models in advance.
- Check that pricing models still works when volumes rise unexpectedly.
Pricing models: regulatory obligation and supervisory expectation
2 sessions · 8 pointsSession 1What has to be agreed before work on pricing models starts
- Verify reconciliation and settlement controls covering insurance product pricing models.
- Set early warning indicators for pricing models with defined action thresholds.
- Review whether insurance product pricing models is aligned with the objectives of the business line.
- Agree who signs off pricing models and record that they did.
Session 2The control on pricing models that looks strong and is not
- State the risk appetite for insurance product pricing models as a number, not an adjective.
- Assess the capital consumed by pricing models under current and stressed conditions.
- Review the pricing of insurance product pricing models against the risk being assumed.
- Define the trigger that would require pricing models to be redesigned.
Choose the package that suits you
Silver Package
At least 3 people
USD1,250
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
USD1,850
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Complete your registration
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