Strategic Finance™ Simulation - For Insurance Professionals

A high-energy business simulation exercise to build your team's financial acumen.

Have you ‘walked a mile’ in your clients’ shoes?

Does your team of insurance professionals need to more deeply understand the financial and strategic challenges that your insurance clients face on a daily basis?

Over a period of several days, this engaging finance and management exercise immerses your team in a complex business case study in which they run a simulated company in competition with other teams.

Key financial learnings will be driven by a computerized business simulation, content lectures, and group discussions.

The Strategic Finance course can be run as a live or virtual class over 2-4 days.

Gaining Competitive Advantage Through Client Financial Acumen

This two-day class is designed to:

  • Sharpen your ability to review the financial reports of prospects and clients
  • ‘Walk a mile’ in the owner’s shoes
  • Enhance your credibility with key decision-makers (speak their language), be a “trusted advisor”
  • Increase your comfort with the world of financial analysis
  • Use annual reports/online resources, if available, for risk AND opportunity identification
  • Master financial terminology and better understand drivers of Moody’s/credit ratings

 

Participants will not only dive into financial statements, but using a sophisticated business simulation they will actually run a company to see how their decisions impact their financial results.

By running a simulated business, teams will learn:

  • Financial statement analysis, including profitability, revenues, expenses, working capital, debt, and equity
  • Financial ratio analysis including Return on Sales, Return on Assets, Return on Equity, Asset Turnover, Inventory Turns, Current Ratio, and Leverage
  • Corporate finance analysis including short- and long-term debt, equity financing, stock valuation, and dividend policy
  • Annual report analysis including analysis of an actual Annual Report/10-K

 

Other topics discussed will include strategic thinking, leadership, and business alignment.

Sim Tip Videos Short videos highlighting specific dynamics within Strategic Finance

“In order to advance in the early part of your career you need to develop expertise in an area to differentiate yourself. In order to advance later in your career you must show that you have the ability to understand and act on the landscape of factors that impacts a company’s ability to grow. PriSim as a platform gives you the ability to learn by doing, test yourself based on measured results, and along the way requires you to debate and discuss with your peers the best path forward. If you are entry level or a CEO, you can take something away from this experience; and our Board did. We valued their professionalism, flexibility, expertise, and humor!”
– CIAB Board Member, May 2017