Do you have any idea how to run an insurance company? Come take a break and put yourself in the shoes of an insurance company CEO for a while. At the start of the game, you and the other players will all be in the same position so theoretically all of you can achieve similar results. The opposite will come true, however...
No dates available. If you are interested in attending the training, please fill the form.
All things are related OR insurance company management needs clear decisions
Players on the teams representing individual insurers on the car and property insurance market can be:
At the start, you and the other insurance companies are in the same starting position. With the sustainable development of your company in mind, you should try as hard as you can to make the most of the invested funds and, at the same time, to obtain an adequate market share. You are the one who actually runs the company in this game. The decisions you and the other players make have a direct impact on your profit and market share. In the course of several hours you will live through the cycle that a real insurance company usually completes in a tough market environment in five to ten years. The team with the best results at the end is the winner.
You will have fun playing the game even though reality will be simulated quite faithfully. You will select your strategy, set the price of individual products and decide where to invest any available capital. At the same time you will have to face real life challenges. You react to existing market risks, price wars and your competitors’ goals, changes on financial markets or unexpected natural disasters.
During the game you will make decisions on:
Playing the game, you will:
Upon request, we will prepare a tailor-made workshop, lasting for half a day to two days.
The game can be played in various forms depending of the type of participants. It can take the form of initial training for newcomers and include a presentation on the theory of how an insurance company works and an explanation of terminology before the game starts. But it can also be a highly strategic game for management as a teambuilding activity in a company.
The game can be played on a regional basis and include foreign colleagues working in the Czech Republic or abroad. It can be played on or off line – foreigners could then send their calculations via various communications media.
What players have said about the game:
Be an Insurance Company CEO for a Day: A very good and sophisticated game. I recommend increasing price sensitivity; a high price of insurance not justified by higher costs guarantees very high profits – useful in games consisting of a small number of rounds (approx. up to eight rounds), where it will guarantee a win in the Equity category.Kooperativa pojišťovna, a.s., Vienna Insurance Group, Ondřej Pilař – vedoucí odboru provizí
Be an Insurance Company CEO for a Day: An elaborate game that is excellent for gaining experience in making decisions on an insurance company’s strategy, including the ensuing financial result. I recommend playing this game with sales people and agents, too. It’s a pity that it only covers non-life insurance. I recommend expanding the game to include other insurance companies as well.Kooperativa pojišťovna, a.s., Vienna Insurance Group, Hynek Vodička, výbor pro audit - nezávislý člen
Be an Insurance Company CEO for a Day: The game impressed with its quick presentation of results and a very entertaining drawing of market scenarios and disasters. Although the extent to which each “setting” affected market shares and costs was not very clear, this added an exciting element of surprise. Subsequently, after several interactions, the impact could be estimated.Kooperativa pojišťovna, a.s., Vienna Insurance Group, Michal Novotný, vedoucí odboru účetnictví
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