Document the approval chain for exceptions to policy on catastrophe insurance risk.
Managing Insurance Risk for Major Natural Catastrophes
A practical programme in catastrophe insurance risk for professionals who are accountable for results, not just awareness.
📍 Istanbul🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points
Course Overview
Growth built on poorly controlled catastrophe insurance risk reverses faster than it accumulated. In finance the difference between a healthy position on the financial and banking practice capability and a dangerous one is often a single assumption. The course covers this area of financial and banking practice at the level of detail needed to act, and stops there. It is written for people who have to make catastrophe insurance risk work with the resources they already have. The version of the financial and banking practice discipline described in the manual and the version practised on the floor tend to diverge over time. Participants apply the practice within financial and banking practice to their own business line throughout, so the output is directly usable. Organisations that document catastrophe insurance risk properly resolve disputes about it far more quickly. The result is the confidence to make and defend decisions about this strand of financial and banking practice under scrutiny. Participants finish with a short, specific brief on this aspect of financial and banking practice ready to put in front of a decision maker.
Expected Learning Outcomes
Structure records of catastrophe insurance risk so that they answer the questions an auditor will actually ask.
Integrate catastrophe insurance risk into existing management routines rather than running it separately.
Design the reporting on catastrophe insurance risk that reaches decision makers in time to act.
Design reconciliation and settlement controls covering catastrophe insurance risk.
Plan the remediation route when a weakness in catastrophe insurance risk is identified.
Align catastrophe insurance risk with the wider objectives of the business line rather than optimising it in isolation.
Who Should Attend
Board risk committee members overseeing catastrophe insurance risk.
Risk managers responsible for catastrophe insurance risk.
Credit and underwriting officers assessing catastrophe insurance risk.
Project and programme managers whose delivery depends on catastrophe insurance risk.
Compliance and governance staff whose remit includes catastrophe insurance risk.
Operations staff executing and settling catastrophe insurance risk.
Course Modules
Catastrophe insurance risk: stress testing and scenario analysis
2 sessions · 8 pointsSession 1Comparing catastrophe insurance risk with recognised practice
- Agree who signs off catastrophe insurance risk and record that they did.
- Check the accounting treatment applied to catastrophe insurance risk against current standards.
- Name a single owner for each element of catastrophe insurance risk.
- Remove steps in catastrophe insurance risk that add effort without adding assurance.
Session 2Evidencing that catastrophe insurance risk worked as designed
- Verify reconciliation and settlement controls covering catastrophe insurance risk.
- Identify the key controls over catastrophe insurance risk and who tests them.
- Test catastrophe insurance risk against a scenario the organisation would rather not model.
- Verify six months later that changes to catastrophe insurance risk have held.
Catastrophe insurance risk: measurement, models and their assumptions
2 sessions · 8 pointsSession 1Closing out catastrophe insurance risk and capturing what was learned
- Translate the appetite for catastrophe insurance risk into limits someone monitors daily.
- Confirm reporting on catastrophe insurance risk reaches the committee that can act on it.
- List the assumptions in any model supporting catastrophe insurance risk and when each was last challenged.
- State the risk appetite for catastrophe insurance risk as a number, not an adjective.
Session 2Reporting catastrophe insurance risk so the reader can act on it
- Confirm that those complying with catastrophe insurance risk understand why it exists.
- Rehearse the briefing on catastrophe insurance risk that would follow an incident.
- Confirm client due diligence standards applied to catastrophe insurance risk are current.
- Arrange the handover of catastrophe insurance risk so capability survives staff changes.
Catastrophe insurance risk: reporting that supports a decision
2 sessions · 8 pointsSession 1The control on catastrophe insurance risk that looks strong and is not
- Confirm that contractual obligations around catastrophe insurance risk are understood.
- Confirm regulatory reporting on catastrophe insurance risk is complete, timely and reconciled.
- Design the exception process for catastrophe insurance risk and require a documented rationale.
- Record what was learned when catastrophe insurance risk did not go as planned.
Session 2Pricing catastrophe insurance risk for the risk actually taken
- Check the legal and contractual exposure created by catastrophe insurance risk.
- Review whether catastrophe insurance risk is aligned with the objectives of the business line.
- Establish who is informed, consulted and accountable in catastrophe insurance risk.
- Confirm segregation of duties across initiation, approval and settlement of catastrophe insurance risk.
Catastrophe insurance risk: regulatory obligation and supervisory expectation
2 sessions · 8 pointsSession 1Building lasting competence in catastrophe insurance risk
- Build the internal briefing that explains catastrophe insurance risk to those affected.
- Agree what will be standardised in catastrophe insurance risk and what will not.
- Draft the minimum viable control framework for catastrophe insurance risk.
- Reduce the variation in how catastrophe insurance risk is carried out between teams.
Session 2The early warning on catastrophe insurance risk that arrives in time
- Rank the weaknesses in catastrophe insurance risk by consequence rather than by ease of fixing.
- Prepare the evidence pack demonstrating catastrophe insurance risk operated as designed.
- Estimate the resource catastrophe insurance risk requires to run as designed.
- Review the pricing of catastrophe insurance risk against the risk being assumed.
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
We will contact you within one business day to confirm.