Guest lectures by KPMG at the Risk and Insurance course
Two guest lectures held by KPMG professionals for the Risk and Insurance course.
3 November 2026: Insurance Products and Product Oversight & Governance (POG)
Guest Lecturers: D. Benetello and M. Casale (KPMG)
The first lecture will provide an introduction to the insurance industry and the regulatory framework governing insurance products, covering:
- Insurance Products: Overview of insurance companies and their operations, with a focus on Life and Non-Life insurance products.
- POG Regulatory Framework: Introduction to Product Oversight and Governance, its objectives, and regulatory requirements.
- Product Lifecycle and POG Process: Product design and approval, customer needs, distribution strategies, and POG implications for Life and Non-Life products.
- Target Market: Identification of target markets and their role within the POG framework.
- Value for Money: Key concepts and the assessment of Value for Money throughout the insurance product lifecycle.
The lecture will conclude with a Q&A discussion.
6 November 2026: Non-Life Insurance: Natural Catastrophe Risk Modelling, Pricing and Value for Money
Guest Lecturers: L. Fedrizzi and M. Casale (KPMG)
The second lecture will explore the actuarial and quantitative aspects of insurance product development, focusing on Natural Catastrophe (NatCat) insurance as a practical case study. Main topics include:
- Product Design and Pricing: Target market identification, customer needs, product characteristics, and actuarial approaches to Value for Money.
- NatCat Insurance Products: Customer and risk segmentation, coverage design, deductibles, policy limits, and risk profiles.
- Risk Modelling and Pricing: Modelling approaches for natural catastrophe risks, premium calculation, and profitability assessment.
- Value for Money Modelling: An in-depth application of a quantitative VfM model to NatCat insurance, including the definition of quantitative metrics and VfM testing.
The lecture will conclude with a Q&A discussion.