Product Development

Details

The product development process in the 21^st century is not an isolated project in the actuary department but needs to be a process that involves all key departments of an insurance operation, such as compliance, risk management, reinsurance, accounting, sales, etc.

The presentation shall highlight the relevant aspects of the Product Development Process, show up pitfalls but also challenges in an international context when rolling out products on an European level.

The course will be in English.

Target group

The program is targeted to: Reinsurance Manager, Product development function, Actuaries, Risk Management.

Course objectives

The objective of the course is to show that the product development process in the 21^st century is not an isolated project in the actuary department but needs to be a process that involves all key departments of an insurance operation, such as compliance, risk management, reinsurance, accounting, sales, etc.

The presentation shall highlight the relevant aspects of the Product Development Process, show up pitfalls but also challenges in an international context when rolling out products on an European level.

Trainer

Rainer Alt - The professional development of Rainer started 1997 as “Actuary for Life Reinsurance Business Development in Austria and Central Eastern Europe” inside of Gerling Global Re Switzerland.

Since 2016 Rainer is Chief Insurance Officer and Member of Board of NOVIS Poistovna. His direct responsibilities are: Actuarial Department, Medical Underwriting, Claim Management, Reinsurance and Reserving. 

Beside his daily work Rainer had the opportunity to constantly develop his knowledge about IFRS4 as well as Solvency II and Risk Management via internal and external trainings. At SCOR he was member of the world-wide Risk Management Observer team (ECHO) and from 2008 to 2012 Chairman of the SCOR Global Life Medex Steering Committee, a project group set up to define the world wide approach for Health business, underwriting guidance for Health business and Risk based capital calculation for Health reinsurance treaties.

Since 2008 Rainer is a member of the advisory committee (“Beirat”) of the Austrian Actuarial Association (AVOE) and representative of the AVOE in the reinsurance sub-committee of the International Actuarial Association (IAA).

From 2008 to 2017 he was trainer for the “reinsurance course” at the post graduate education for actuaries of Institute of Financial Studies in Bucharest, Romania.

Duration / Period

The program will take place Monday,  July 1st between 09:30 and 13:30.

Investment

The necessary investment for this program is  400 lei + VAT/participant and includes: course materials, coffee break, participation certificates.

Discounts

At the above fee, the following discounts will be granted:

• 5% for the registration and payment up to June 14th 2019
• 5% for the registration of at least 2 persons from the same organization.

The discounts can be cumulated.