Different professions, different perspectives

Overview

Underwriters, actuaries and accountants all look at insurance data indifferent ways (in order to answer different questions). This can lead to communication problems between the groups. This seminar will clarify these different views of the data, and explore the advantages and disadvantages of each. The concepts of “combined ratio” and “return-on-equity” will be defined, and a model to “translate” between “accountant-speak” and “underwriter-speak” will be explored. A copy of the Excel model will be e-mailed to each attendee.

Learning objectives

At the end of this event, the delegate will be able to identify:

• a better appreciation of the different perspectives within an insurer

• the advantages and disadvantages of the ways that data can be interpreted.

Speaker biography

Dave Westall has worked exclusively in property/casualty insurance, in a variety of actuarial, management and training roles for more than thirty years. He has headed up the European actuarial function of a major International insurance group and he has, at various times in his career, had responsibility for actuarial, systems, ceded reinsurance and strategic planning functions. As Director and Principal Trainer of Delta Omega Consultancy Ltd. (a company he established in 2001), Dave has designed, developed and delivered training to Insurance professionals in the UK, Ireland, France, Germany, Spain, the USA, Bermuda, Canada, Russia, India, Bahrain and Singapore.