Explore Financial Academy
About the Academy
Discover our Rich, 60-Year Journey
Jadarat
A Comprehensive System for Skill and Knowledge Development
Governance
Meet our Inspiring Leadership
Success Stories
Check out our Clients’ Reviews and Testimonials
...
General Insurance Pricing Program Register now to acquire advanced skills in analyzing and applying pricing strategies for general insurance products such as motor insurance, property insurance, liability insurance, and accident insurance.
The insurance industry based on transferring risks from customers to insurance companies. Insurance companies are exposed to many risks, including the risks of pricing insurance products. This program is designed to familiarize the participants with the mechanisms of setting prices for the various general insurance coverages and how the price is fair to the company and does not cause losses to it and is fair to customers and does not cause The insurance company to lose its clients to lose. The program will address the role of actuarial expertise in pricing insurance products.
Insurance
Actuary
Compliance, AML, and CTF +3
Actuary
Compliance, AML, and CTF
Product Development
Risk Management
Underwriting
Risk Management
Not Exist
Lecture
Case Studies +3
Lecture
Case Studies
Brainstroming
Practical Implementation
Dialogue Teams
Pre Exam
Post Exam
Actuary
Compliance, AML, and CTF +3
Actuary
Compliance, AML, and CTF
Product Development
Risk Management
Underwriting
Purchase Program
( 0)Available
To preview individual and groups discount policy, Click Here
This provides you with the opportunity to select the available times that suit you best for participation in our program. These times represent slots during which we are ready to welcome you and provide assistance and guidance.
Online Training
1. The type of data required for the pricing process
2. The most important statistical measures for data analysis
3. Big data analysis
Online Training
1. Estimated pricing
2. Category Pricing
3. Pricing tables
4. Retroactive pricing
Online Training
1. Technical price
2. Acquisition expenses
3. General and administrative expenses
4. Applicable taxes
5. Profits of the insurance company
6. Case Studies
Online Training
1. The role of the actuary in the pricing policy and the changes that occur thereto
2. The role of the actuary in determining the methods for calculating technical risks
3. Applications and practical cases from the reality of the trainees' work
Online Training
1. The regulations of the Saudi Central Bank and their impact on the pricing of (compulsory) general insurances
2. Effect of technical and commercial factors on general insurance pricing
3. The underwriting cycle and its impact on pricing
4. Effect of elasticity of demand on the pricing of general insurance
5. Practical applications and cases from the reality of the trainees' work
Familiarity with the basic data and information required to issue a quote for general insurance.
Understand the underwriting process of different market cycles to determine the exact pricing of general insurance.
Identify the problems and challenges that are face determination general insurance premiums to overcome.
Comprehensive understanding of the price components and different pricing methods for general insurance products.
Discuss the role of actuarial expertise in pricing for general insurance branches, especially compulsory insurance, to provide fair and realistic price quotations.
Familiarize with the regulations of the Saudi Central Bank for the pricing of compulsory insurance products to avoid the risks of non-compliance.
