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The value of insurance

22nd February 2018 14:00 – 16:30

JLT offices

In a recent survey by JLT and Airmic of risk and insurance managers it was found that many struggle to explain how insurance is helping their company to meet its goals and protect its balance sheet.

This is unfortunate, as risk managers can play an important role in helping their C-suite, and particularly CFOs, understand the strategic value of insurance in helping meet corporate objectives.

This academy will give risk and insurance managers the tools they need to articulate the value of insurance to the C-suite.

Learning outcomes

  • How risk managers can translate the impact that insurance has on one or more of they key corporate measures. For example, earnings per share, cost of capital, market capitalisation, shareholder dividends and cash versus debt.
  • Helping you understand how your organisation can evaluate the impact your work has on your company’s financial position.

More information:

Lost in translation

Companies often measure insurance success in terms of premium reductions, deductibles, limits, exposures and cost of risk or claims against premium ratios.

These are insular insurance criteria which are not directly relevant to the strategic and financial goals against which the company measures itself.

The board is focused on earnings per share, cost of capital, market capitalisation, shareholder dividends and cash versus debt. So how can we assess the value of insurance against these criteria?

We believe risk managers need to translate the benefit that insurance has on one or more of these corporate measures.

By speaking the right language, risk management ceases to be a function and becomes, instead a strategic activity within the group.

4 places available
Location
The St Botolph Building, 138 Houndsditch
London, EC3A 7AW