MATRIX SA: Simulation Seminar in Collaboration with PARTNER RE
The goal of this educational process was to practically enhance the knowledge spectrum of the participants regarding reinsurance applications. This was achieved through ReSolve!, an interactive management “game” developed by PartnerRe, which simulates the daily insurance business. ReSolve! presented players with strategic issues, while the aim of each of the “player” teams was to “manage” based on the most beneficial decisions for the business, related to capital and risk management, ensuring profitability, Solvency II, and reinsurance coverages.
The participants were organized into 5 teams – insurance companies – and competed against each other to achieve the best outcome. To better understand the requirements of managing an insurance company and the impact of their decisions, throughout the simulation sessions, the two presenters Christoph Kagi, Member of Senior Management, PartnerRe, and Dominik Maier, Principal Consultant, Tata Interactive Systems, provided supportive material on topics such as Solvency II and Market & Non-Underwriting Risks.
The game was completed in four rounds, and at the end of each session, the presenters guided each team, providing detailed explanations, ensuring that all players had a deep understanding of the process. The winning team was led by Michalis Tyllis (CEO), Gerry Tighe (Head of Reinsurance), Pano Ioannou (COO), and Spyros Barkouzos (Actuary), as they achieved the highest share price at the end of all four rounds.
The seminar held on May 21st & 22nd, 2014, at the Athenaeum Intercontinental hotel and with an Awards Gala Dinner at the Malconi’s restaurant, is another added value initiative by MATRIX Insurance & Reinsurance Brokers. According to the CEO, Mr. Dimitris Tsesmetzoglou: “Our leading position in the market creates a new challenge for us, which goes beyond the limits of a consultant or partner. A new role, within which we aim to provide our clients with significant and exceptional services, without burden, as well as the appropriate opportunities, so that their daily activities are enhanced and they receive the right stimuli to respond more effectively to the constantly and rapidly evolving international environment.”