Insurance Simulations

Morotania is a strategic business simulation involving the management of a new general insurance company. A powerful tool for graduate induction or onboarding activities for new recruits, Morotania is also highly effective for senior-level and non-underwriting participants.

Run face-to-face, or remotely, teams are challenged to make a wide range of business decisions across Product Development, Pricing, Channel Management, Marketing, HR, and Finance. Decision outcomes are compared with those of the other teams as the simulation progresses.

The simulation provides practical experience in financial acumen, planning and decision-making, research and analysis, and teamwork, and introduces reinsurance as a unique discretionary feature.

Success in establishing and managing the insurance company is judged against financial and non-financial performance measures, including Profitability, Market Share, Solvency and Customer Satisfaction.

Underwriting DNA

Underwriting DNA is a world class underwriting simulation and comprehensive business tool enabling participants to gain practical experience in a risk-free virtual insurance world. Originally developed as an element in the underwriting training programme of a leading London market insurer for new and inexperienced underwriters, it has since been adapted for other London market insurance clients.

Run face-to-face or remotely, this simulation is based on a realistic business environment and utilises real-world data, albeit simplified to maximise learning. Participant teams are tasked with underwriting a choice from a set of business classes, including Property, Professional Indemnity, Cyber and Healthcare.

Success is measured against both financial and non-financial performance measures, including the ability to grow the GWP profitably, while remaining within the agreed capacity limits and enhancing the business’s reputation for high levels of customer service. The scope and versatility of the Underwriting Simulation makes it uniquely effective as an experiential learning resource for executive development.

ReAction

ReAction is a world-class strategic simulation designed for reinsurance training. In the simulation participants are introduced to The State of Adversity, a fictional country exposed to a range of risks, where they work on behalf of an insurance company to manage the reinsurance programme.

Participants work as both cedants and reinsurers to place and underwrite reinsurance business. Participants learn and practice the key principles of reinsurance underwriting in an engaging simulated real-life environment, focussing on capacity, profitability, negotiation, and reflection.

Run face-to-face or remotely, this simulation is based on a realistic business environment and utilises real-world data, albeit simplified to maximise learning. Participants will gain knowledge about reinsurance treaty structures, and be able to confidently manage and analyse underwriting and operational information, including historical data, risk profiles, exposures, PML scenarios, claims experience and profitability by line of business. This in turn will lead them to make effective decisions based on information analysis, including the competitive environment and market trends.

Success is measured against both financial and nonfinancial performance measures, including the ability to build a balanced portfolio of risks which provides opportunities for profitable growth throughout the reinsurance cycle.