1. Captive Insurance Organizations - (Two Day Program)
   Description
   Captive Insurance Companies are an important component of modern risk management schemes. This program discusses the reason they exist, how they operate, associated accounting and tax issues, and rating methodologies. Related issues such as fronting arrangements, segregated cell companies, and special purpose vehicles are also covered.

   Course Objectives:

   • Impart an understanding of Captive Insurance Company formation, uses and operations.
   • Develop an insight into alternative risk management techniques.
   • Understand the accounting, financial, and tax issues surrounding Captives.
   • Learn to analyze the financial condition of Captives.
   Course Agenda:
   1. Define Captive Insurers
   2. Accounting and reporting requirements
   3. Products and uses
   4. Reinsurance implications
   5. Program illustrations
   6. Related risk management topics
   7. Rating analysis

2. Introduction to Insurance - (Three day program)
   Description
   These courses are designed to introduce participants into the realm of insurance risk. The concepts of insurance, lines of business and products, as well as a basic overview of industry jargon and key terms are presented. The program is designed to dedicate approximately proportional time to three main areas:
   1. P/C
   2. Life Insurance
   3. Reinsurance

   Course Objectives:

   • Present a paradigm of insurance, insurance risk and risk management
   • Develop an understanding of the products offered in each industry and the difference between them
   • Create the ability to define insurance terminology and an understanding of industry usage
   • Understand the risks borne by insurance companies
   Course Agenda:
   1. Concepts of risk and insurance
   2. Industry products and their uses/exposures
   3. Differences between industries

3. Insurance Corporate Finance Workshop (A Two Day Program)
   Description: Understand the basics of insurance finance. An industry review and discussion of products, profitability, regulation, and distribution is followed by a comprehensive look at the insurance financial management process. Analytical procedures as well as internal and external financial measurement techniques are reviewed.

   Course Objectives:

   • Apply practical application of financial concepts to various financial filings
   • Discuss and develop measurement concepts and the identification of profitability and solvency factors for business units
   • Understand techniques used to evaluate solvency and financial conditions in the insurance industry
   • Learn how to apply internal cost of capital concepts to lines of business
   Course Agenda:
   1. Industry Overview
   2. Strategic Forces
   3. Annual Reports
   4. Measuring Concepts
   5. Impact of Reinsurance

4. Lloyds of London - (Two Day Program)
   Description
   Lloyds of London is a vital component of the modem insurance world with impacts in every facet of global risk management. This program discusses how Lloyds is organized, its chain of security, who underwrites at Lloyds. Historical developments are presented in the context of understanding current circumstances. Focus is placed on analyzing a specific syndicate for profitability and financial strength.

   Course Objectives:

   • Learn the history of Lloyds and how it evolved to its current state.
   • Understand Lloyd's security guarantees and who underwrites business.
   • Understand Capacity at Lloyds.
   • Work with Lloyds financial statements to acquire the accounting knowledge to develop insight into syndicate financial condition.
   Course Agenda:
   1. Lloyds - how we got here
   2. Equitas - renewal and reconstruction
   3. Structure and players
   4. Syndicate operations and accounting
   5. Chain of security
   6. Results and forecasts

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