power point Presentation Risk management and inssurance
please check the attachment
Project
FIN 3330 Risk Management and Insurance
Project is due December 20, 2020
Research Topic
Step 1: Sector choice:
Consider any one of the two sectors of the Insurance market (your choice):
Sector 1: Property & Casualty
Sector 2: Life Insurance
Step 2: Shock:
Consider the context of the COVID19 pandemic to-date (through November 2020) at both:
Local level (the U.S. markets) and
Global level (international effects on the U.S. markets)
Research Questions
Please, provide substantive discussion of the following questions:
Q1: What risk & broader uncertainty factors material to the future of the insurance sector of your choice (sector 1 or 2) are emerging from the COVID19 pandemic?
Q1.a. Locally (the U.S. market) and
Q1.b. Globally (as pertaining to the international effects on the U.S. market).
Q1.c. In your opinion, how are global factors likely to impact the U.S.-based insurers?
Note: use Risk Materiality Matrix and Risk & Uncertainty Mapping Framework (also Lecture 1) as the template for mapping your assessment. Focus only on those factors you think will continue to impact your sector of choice into 2021-2025 and beyond.
Research Questions
Please, provide substantive discussion of the following questions:
Q2: For factors identified in Q1 above, discuss in-depth potential impact of each risk/uncertainty factor on insurance companies:
Balance sheets,
Income, including investment income and premiums earned,
Profitability,
Premiums pricing, and
Demand for insurance.
Research Questions
Please, provide substantive discussion of the following questions:
Q3: For your risk/uncertainty factors, identified in Q1, discuss in-depth potential impact of each factor on:
Insurance companies risk profiles (expected changes in future loss & case or policy reserves, availability of reinsurance, expense ratios, etc.)
Solvency risks
Adverse selection and moral hazard pressures that the insurance companies will face in years to come
Research Questions
Please, provide substantive discussion of the following questions:
Q4: You can answer either part (a) or part (b) of this question, based on your choice:
Q.4.a: Based on your analysis above, what recommendations would to you propose for the policymakers interested in:
Increasing insurance coverage (customers participation in purchasing insurance) and
Improving quality of coverage (reducing under-insurance in contracts being purchased)?
Q.4.b: From an insurance company perspective (you can look at the insurance company operating in your home market, or in the U.S.) what strategic lessons should be learned from the COVID19 shocks as these lessons relate to:
Future expected changes in demand for insurance coverage and
Future expected changes in product innovation in your insurance market?
Deliverables: a PowerPoint deck
A title slide with your name and student ID and table of contents
Questions coverage slides: Q1 up to 9 slides; Q2 up to 8 slides; Q3 and Q4 up to 10 slides, combined
Summary slides (maximum 3) of findings and recommendations
Bibliography slides
You can use Appendices, all of which should be clearly labeled and referenced within specific sections of the main deck to which they apply
– Appendices are not included in the recommended maximum slide counts
Per your answers, make sure you clearly
– Define any concept you reference that is not defined in the course slides or textbook;
Provide empirical evidence supporting your arguments; and
Anchor your arguments to specific materials, examples and terminology covered in our course
Some useful sources and background
https://www.pwc.com/us/en/industries/insurance/library/plan-for-post-pandemic-future.html
https://home.kpmg/xx/en/home/insights/2020/04/implications-of-covid-19-for-insurers.html
https://www.ibm.com/thought-leadership/institute-business-value/blog/covid-19-insurance
https://www.ey.com/en_us/insurance
https://www.iii.org/article/coronavirus-issues-and-impacts
