Insurance Product Development, Pricing & Portfolio Management

Course Overview

Learning Objectives

• Analyze the insurance product lifecycle and its relationship with corporate strategy and market objectives during the course.
• Develop practical frameworks for identifying customer needs, market opportunities, and commercially viable insurance products.
• Evaluate insurance product structures, coverage features, exclusions, conditions, limits, and operational requirements.
• Apply insurance pricing principles using claims experience, expense assumptions, risk characteristics, and relevant market factors.
• Assess the impact of claims frequency, claims severity, expenses, reinsurance costs, and capital requirements on product pricing.
• Evaluate product profitability and determine the adequacy of pricing, costs, and expected margins.
• Design frameworks for monitoring insurance portfolio performance across products, segments, channels, and customer groups.
• Apply scenario analysis and sensitivity analysis to evaluate the impact of changes in claims, pricing, expenses, demand, and assumptions.
• Assess portfolio concentration, diversification, growth, profitability, and risk exposure.
• Develop practical approaches for repricing, restructuring, expanding, or discontinuing products based on performance and risk.
• Improve product and portfolio performance reporting through relevant technical, financial, and strategic indicators.
• Align product development, pricing, and portfolio management with governance, risk appetite, regulatory requirements, and long-term value creation.

Who Should Attend

Learning Outcomes

• Explain the major stages of the insurance product lifecycle from market opportunity through portfolio management.
• Analyze customer needs, market trends, and business opportunities to identify suitable product concepts.
• Design an initial insurance product structure covering benefits, coverage, conditions, exclusions, and limits.
• Analyze claims data, expense assumptions, and risk characteristics that influence insurance pricing.
• Apply practical insurance pricing principles and evaluate the adequacy of premium rates.
• Assess the impact of claims, expenses, reinsurance, capital, and market conditions on product profitability.
• Analyze product and segment profitability across customers, distribution channels, and insurance portfolios.
• Evaluate portfolio performance in terms of growth, profitability, concentration, diversification, and risk.
• Apply scenario and sensitivity analysis to assess changes in claims, pricing, expenses, demand, and business assumptions.
• Identify products or segments requiring repricing, restructuring, targeted growth, risk reduction, or discontinuation.
• Prepare product and portfolio performance indicators and management reports for executive decision making.
• Develop an integrated strategy for insurance product development, pricing, and portfolio management aligned with business strategy and risk objectives.

Course Outline