Introduction
The programme “Insurance Asset Management and Investment” develops professional practice in Insurance and Compensation. It connects the subject with workplace challenges by examining existing evidence and practices and choosing methods appropriate to the organization and its available resources.
The learning progresses from asset management, life cycle, and valuation to claims, dispute, and evidence management, with practical work on insurance, claims, and compensation management, investment appraisal and scenario development, risk assessment, controls, and response. Participants prepare outputs to support workplace application and review the quality and results of implementation.
Learning objectives
- Analyze an asset's life cycle and compare acquisition, operation, and renewal alternatives in an application related to “Insurance Asset Management and Investment”.
- Analyze insurance coverage and a claim process, and document the settlement basis.
- Compare investment opportunities according to expected returns, risks, liquidity, and assumptions.
- Prepare a risk register connecting causes, consequences, controls, and treatment responsibilities.
- Prepare a documented claim connecting its basis, facts, effects, and supporting documents.
Learning areas
1. Asset Management, Life Cycle, and Valuation
- Inventory assets, ownership, location, condition, function, and criticality, and define responsibility for updating the register and reconciling it with actual assets and documents.
- Analyze acquisition, operation, maintenance, downtime, and disposal costs, stating the time horizon, assumptions, and limits of estimate accuracy.
- Compare repair, replacement, and redeployment alternatives according to need, condition, cost, risk, and available capacity.
- Review measurement, valuation, depreciation, impairment, and derecognition requirements under the applicable framework, identifying matters requiring an expert or specialist approval.
- Prepare an asset plan covering priorities, resources, review dates, and performance indicators, and document how changes in condition and demand affect decisions. The application examines a case related to “Insurance Asset Management and Investment”.
2. Insurance, Claims, and Compensation Management
- Read an insurance policy and identify the risk, coverage, limits, exclusions, deductible, and parties, referring to applicable terms and rules.
- Define claim documents, notices, deadlines, and handling procedures, and organize incident data without presuming coverage applies.
- Analyze the relationship between the event, loss, evidence, and estimates, distinguishing confirmed information from matters requiring expertise or further verification.
- Review compensation valuation alternatives, settlement bases, and approval authority, documenting calculations, decision rationale, and available appeal procedures.
- Set indicators for processing time, file accuracy, complaints, and suspicious activity, and improve controls and communication with the claimant during follow-up.
3. Investment Appraisal and Scenario Development
- Define the investment objective, time horizon, constraints, and risk tolerance, separating organizational objectives from individual preferences.
- Collect cash flow, cost, demand, and financing data, document sources, and distinguish actual historical data from forecasts.
- Compare appraisal methods suited to the case, examining discount rate, growth, and terminal value assumptions and the comparability of alternatives.
- Conduct sensitivity and scenario analysis for risk, liquidity, and concentration, stating that estimated results do not guarantee future returns.
- Prepare a decision memo presenting the benefits and risks of alternatives and the gaps requiring further due diligence before an investment decision.
4. Risk Assessment, Controls, and Response
- Define the work context, objectives, and assessment boundaries, and distinguish the risk source, potential event, and effects on results.
- Gather risks from processes, data, past incidents, and interviews with responsible staff, and document causes and existing controls.
- Estimate likelihood and impact using stated criteria, and review control effectiveness to determine residual risk levels.
- Select a response proportionate to the risks, resources, and authority, and specify the owner, deadline, and early warning indicator.
- Test a scenario involving changing circumstances, update the risk register, and present material risks and required decisions to the appropriate authority.
5. Claims, Dispute, and Evidence Management
- Analyze the event giving rise to the claim, notice requirements, jurisdiction, and deadlines by referring to the contract and applicable law.
- Prepare a chronology connecting correspondence, instructions, and execution records, distinguishing facts, estimates, and allegations.
- Identify the relationship between the event and its time or financial effects, examining alternative explanations and the data needed to establish causation.
- Draft a claim file explaining the request, its basis, supporting documents, and calculation method, and review consistency and weaknesses before submission.
- Compare negotiation, settlement, and escalation routes according to authority, cost, and time, and prepare a register of lessons and measures to prevent recurring disputes.
Practical outputs
- An asset register, life-cycle cost analysis, and prioritized renewal plan.
- An insurance claim file, coverage matrix, and settlement tracking template.
- An investment appraisal model, sensitivity analysis, and memo comparing alternatives.
- A risk register, control matrix, and prioritized treatment plan.
- A claim file, chronology, document matrix, and impact analysis.
Who should attend
- Practitioners, specialists and supervisors whose work relates to the programme subject.
- Managers and teams working in insurance and compensation, according to their practical responsibilities.
- Professionals responsible for applying the outputs of “Insurance Asset Management and Investment” within their organizations.
Prerequisites
- Working familiarity with the programme field and the ability to discuss a professional case or challenge.
- Confirm the suitability of your experience and any specialist prerequisites with the Union before participation.
Conclusion
The programme “Insurance Asset Management and Investment” brings together concepts, case review and a practical application. Participants prepare steps that can be adapted to their responsibilities and organizational resources, with an indicator to follow application and review results after returning to work.
Participation arrangements and any special requests are specified in the confirmation issued by the Union.