PROPERTY UNDERWRITERS PROGRAMME

APPLY

APPLICATION DEADLINE: OPEN FOR 2023

 

The Property Underwriters programme has been designed to provide underwriters of the Eurapco Partners with a unique international experience and the opportunity to learn and share best practices with international colleagues from the Eurapco Alliance.

  Programmes  Specialist Development Property Underwriters programme

March - May (exact dates to be decided)

Emerging challenges in international businesses have gained extreme importance. The COVID-19 outbreak has only increased the level of complexity in managing risks.

Taught by industry experts in and outside of the Eurapco Alliance, the Property Underwriters programme will elaborate on the vital underwriting issues in a highly engaging way through a series of online and in-class activities.

The first focus of this advanced Property Underwriters Programme, which will be planned as a series for the upcoming years, will be on the Property line of business.

The programme also consists of the “Property Underwriters Challenge” which is related to both the online and the on-site module. Each team will present their results within module III (on-site) including feedback round etc., which is part of the challenge.

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DURATION

The Property Underwriters programme will take place in a blended format (online and on-site) and will be split into three phases; two online phases and one offsite phase.

The exact dates are to be confirmed!

LOCATION

The on-site module of the PUP will take place at a Chateauform in Europe (TBD)

COSTS

Fee indication: €2000.

The costs of the programme will be charged directly to your company. This fee includes accommodation, drinks and food, trainers, speakers and study materials.

Note: Participants’ travelling costs are not included in programme costs, as they can differ per person; prices are exclusive of VAT. Location and costs are subject to change, based on the number of participants.

PROGRAMME DETAILS

WHAT WILL YOU LEARN?
The structure of the programme is as follows:

  • Get to know each other as a basis for working and learning together and creating a community of practice for the future.
  • Property Reinsurer´s point of view along specific large claims scenarios and experiences referring to different industry sectors.
  • Specific Risk Evaluation Tools
  • Risk Engineering and Loss Prevention measures
  • Participate in a Property Underwriters case study challenge. The Property Underwriters Challenge relates to both the online and the on-site module. Participants are split in teams and each team will present their results within module III (on-site) including feedback round.
  • Risk classification and segmentation
  • The Emerging & Evolving Risks Landscape and corresponding U/W possibilities
  • Risk Evaluation Process and Instruments / Data-based Underwriting
  • Supply chains and supplier dependencies considering different industry sector
  • Sharing best practices on Underwriting processes amongst the Eurapco Partners: best practices on basic criteria and elements of a reasonable Underwriting Process with prudent approach and specialities per industry sector and country. Clarification of basic definitions especially concerning EML and PML
  • In different break-outs, 3 topics:
    1. Contingent BI/Non-physical damage BI / Risk evaluation and Wording Break-out
    2: Large Brokers Wordings, special clauses and SLAs including U/W workflow, Brokers risk survey reports Break-out
    3: European Pool products and territories (Nat/Cat, Terror, Flood)
PARTICIPANT PROFILE
The Property Underwriters programme has been developed for junior and medium-experienced Property Underwriters with minimum 1 to 5 years of experience in the field of Property Underwriting (PD/BI, Fire and Allied Perils).

Since the programme is conducted in English, good business knowledge of the English language is essential.

PROCESS AND DEADLINES
  • If you feel you have the required profile and would like to take part in this programme, click here to apply!
  • After your application you will be contacted via email regarding further instructions and requirements.

 

Application Deadline
Applications are open for 2023.
Cancellation Policy
In the event of cancellation, programme fees will be payable according to the following schedule:

  • 90 to 60 days’ notice: 50% of the fee
  • 60 to 30 days’ notice: 75% of the fee
  • 30 days’ notice or less: 100% of the fee
CONTACT
For more information on this programme you can contact us at academy@eurapco.com.

PROGRAMME OVERVIEW

Introduction to the Programme, Welcome and Opening

Introduction of Eurapco. Provide an overview of the programme and what to expect including mentioning the U/W case study challenge of phase 2.

Short intro of each other via Mural platform

Keynote Presentation: Risk Classification & Segmentation

Methodologies of Risk Classification & Segmentation in Property industrial and commercial sectors and definition of Risk Appetite.

Keynote Presentation: Property Reinsurer´s point of view

Property Reinsurer´s point of view along specific large claims scenarios and experiences referring to different industry sectors.

Keynote Presentation: Specific Risk Evaluation Tools

Risk Evaluation aspects with focus on Natural Disasters (including perceived climate change effects)

Keynote Presentations: Risk Engineering and Loss Prevention measures

Fire detection and extinguishing systems (including VdS standards), data security and other safety and protection measures per industry sector.

Collaboration process/workflow between Underwriters and Risk Engineers/ best practices

Introduction of last day of Phase I

Introduction of the agenda and short explanation of the Property Underwriters Case Study Challenge organized in international teams.

Keynote Presentations: Sharing best practices on Underwriting process amongst the Eurapco Partner Companies

  • Best practices on basic criteria and elements of a reasonable Underwriting Process with prudent approach and specialties per industry sector and country.
  • Clarification on basic definitions especially concerning EML and PML.
  • Underwriting guidelines, proxies, deductibles, pricing issues and portfolio management including workflow/co-operation especially with brokers channel.

Closure Phase I

Kick-off PropertyUnderwriters Challenge (Phase II)

Underwriters Case Study Challenge

  • During the online meetings, the Property Underwriters Challenge will be provided. Participants will be organised in international teams to work on this challenge in the period between the 1st and 3rd module. This will be done in virtual teams, using Skype/MS Teams and/or other online tools to collaborate.
  • The outcomes will be presented during the 3rd (on-site) module. The teams will be guided by Eurapco (on the process) and by the sponsors (on the content).
  • Typically, the time invested in the Property Underwriters Challenge is 10 hours.

Keynote Presentation: The Emerging & Evolving Risks Landscape and corresponding U/W possibilities

Including technology & processing trends such as the Fourth Industrial Revolution (Industry 4.0) and their impact on Underwriting and Risk Management, but also disruptive impact & innovation pressure caused by Coronavirus crisis.

Keynote Presentation: Risk Evaluation Process and Instruments / Data-based Underwriting

Presentation of a Risk Evaluation tool including specific examples of risk surveys considering different industry segments as well as specific accumulation risks.

Break-out session 1

All participants to choose 1 out of 3 topics to attend. In the 2nd break out session this day another of the 3 topics can be chosen. In total, all participants attend 2 out of 3 topics.

Break-out session 2

All participants to choose 1 out of 3 topics to attend. In the 2nd break out session this day another of the 3 topics can be chosen. In total all participants attend 2 out of 3 topics

Wrap up and sharing of lessons learned of break-out topics

Keynote Presentation: Supply chains and supplier dependencies considering different industry sectors

Final preparations of Underwriters challenge presentation

Participants are given time to finalise their final presentations prior to day III.

Presentations on Property Underwriting Challenge results

  • All teams to present the outcomes of the Underwriters case study challenge.
  • Audience to give feedback regarding content and presentation skills.

Keep in contact, usage of U/W network and exchange using e-Join

How to keep in contact on Underwriters topics and benefit from the Community online after this programme.

Wrap-up and evaluation

Phase I: Day I

Introduction to the Programme, Welcome and Opening

Introduction of Eurapco. Provide an overview of the programme and what to expect including mentioning the U/W case study challenge of phase 2.

Short intro of each other via Mural platform

Keynote Presentation: Risk Classification & Segmentation

Methodologies of Risk Classification & Segmentation in Property industrial and commercial sectors and definition of Risk Appetite.

Phase I: Day II

Keynote Presentation: Property Reinsurer´s point of view

Property Reinsurer´s point of view along specific large claims scenarios and experiences referring to different industry sectors.

Keynote Presentation: Specific Risk Evaluation Tools

Risk Evaluation aspects with focus on Natural Disasters (including perceived climate change effects)

Phase I: Day III

Keynote Presentations: Risk Engineering and Loss Prevention measures

Fire detection and extinguishing systems (including VdS standards), data security and other safety and protection measures per industry sector.

Collaboration process/workflow between Underwriters and Risk Engineers/ best practices

Phase I: Day IV

Introduction of last day of Phase I

Introduction of the agenda and short explanation of the Property Underwriters Case Study Challenge organized in international teams.

Keynote Presentations: Sharing best practices on Underwriting process amongst the Eurapco Partner Companies

  • Best practices on basic criteria and elements of a reasonable Underwriting Process with prudent approach and specialties per industry sector and country.
  • Clarification on basic definitions especially concerning EML and PML.
  • Underwriting guidelines, proxies, deductibles, pricing issues and portfolio management including workflow/co-operation especially with brokers channel.

Closure Phase I

Kick-off PropertyUnderwriters Challenge (Phase II)

Phase II

Underwriters Case Study Challenge

  • During the online meetings, the Property Underwriters Challenge will be provided. Participants will be organised in international teams to work on this challenge in the period between the 1st and 3rd module. This will be done in virtual teams, using Skype/MS Teams and/or other online tools to collaborate.
  • The outcomes will be presented during the 3rd (on-site) module. The teams will be guided by Eurapco (on the process) and by the sponsors (on the content).
  • Typically, the time invested in the Property Underwriters Challenge is 10 hours.
Onsite Phase III: Day I

Keynote Presentation: The Emerging & Evolving Risks Landscape and corresponding U/W possibilities

Including technology & processing trends such as the Fourth Industrial Revolution (Industry 4.0) and their impact on Underwriting and Risk Management, but also disruptive impact & innovation pressure caused by Coronavirus crisis.

Keynote Presentation: Risk Evaluation Process and Instruments / Data-based Underwriting

Presentation of a Risk Evaluation tool including specific examples of risk surveys considering different industry segments as well as specific accumulation risks.

Onsite Phase III: Day II

Break-out session 1

All participants to choose 1 out of 3 topics to attend. In the 2nd break out session this day another of the 3 topics can be chosen. In total, all participants attend 2 out of 3 topics.

Break-out session 2

All participants to choose 1 out of 3 topics to attend. In the 2nd break out session this day another of the 3 topics can be chosen. In total all participants attend 2 out of 3 topics

Wrap up and sharing of lessons learned of break-out topics

Keynote Presentation: Supply chains and supplier dependencies considering different industry sectors

Final preparations of Underwriters challenge presentation

Participants are given time to finalise their final presentations prior to day III.

Onsite Phase III: Day III

Presentations on Property Underwriting Challenge results

  • All teams to present the outcomes of the Underwriters case study challenge.
  • Audience to give feedback regarding content and presentation skills.

Keep in contact, usage of U/W network and exchange using e-Join

How to keep in contact on Underwriters topics and benefit from the Community online after this programme.

Wrap-up and evaluation