Customized Governance Programs

This course provides an overview of the director’s role in the oversight of enterprise risk management, including the role of the board in ERM governance, the connection between ERM and strategic planning, and the role of rating agencies and regulators in monitoring and assessing company’s risk management processes and maturity.

Today’s insurance landscape is multidimensional, with issues ranging from virtually nonexistent unemployment and succession to diversity and inclusion, artificial intelligence, and the future of work. In this evolving marketplace, crafting a forward-looking, comprehensive executive compensation strategy requires a fresh perspective. Recognizing the board’s critical role in securing high-performing leadership and ensuring fair, competitive, and meaningful compensation must be spotlighted. Exploring compensation strategies and practices for the company, particularly for its executives, is a mandate. Stakeholders, whether policyholders or shareholders, demand the board of directors actively monitor executive pay and maintain sound salary administration with a pay-for-performance approach.

This course provides an overview of the board’s role in the oversight of investments focusing on the role investments play in company operations, solvency, and profitability. The session will emphasize the board’s responsibility for investment philosophy and the investment policy statement, regulatory requirements for investments, and the board governance process focusing on investment committee and board actions.

This course introduces legislative and regulatory environments and their implications for operating an insurance company and provides a general overview of the legislative and regulatory processes in the states and Congress, including current legislative and regulatory issues and trends.

This course provides an overview of the board’s role in the oversight of a company’s reinsurance including the fundamental role reinsurance plays in managing company risk exposures, adding capacity for new products and new markets, and ensuring the solvency of the company. The session will also cover the reinsurance market including the roles of brokers, reinsurers, and advisors (catastrophe modelers, analytics providers, etc.).

This course provides an overview of the strategic planning process and discusses the roles of directors and management in developing, implementing, and monitoring a company’s strategic plan to ensure alignment with the organization’s mission, vision, and corporate purpose.

Peter Drucker once said that “culture eats strategy for breakfast.” If culture is that important to organizational success, it makes sense for every leader to explore this invisible asset in more depth. Every organization has a culture, and whether it is positive or negative is up to the leaders to determine. This session examines what culture is, how it is formed, and how to know if it is not positive. Examples of good and bad cultures and how culture can impact the bottom line will be provided. This session also explores the roles that management and the board play in corporate culture as well as how leadership impacts culture.

This course introduces concepts covering property/casualty insurance company financials, to include review of statutory accounting principles versus generally accepted accounting principles and the relationships between balance sheet, income statements and statement of cash flows. The session will also focus on common metrics used to evaluate profitability, solvency, and growth to provide the tools directors will need in evaluating company financials.

If you have a topic in mind that is not listed, our faculty will work with you to create a session that meets your company’s needs.