The DNA Simulation introduces participants to the core elements of underwriting in a lifelike environment This simulation was originally developed to be a core element in the underwriting training programme of a large London market insurer for new and inexperienced underwriters. It has since been adapted for other London market insurance clients, including the addition of classes of business, such as cyber risk; though the original underlying objective of improving participants underwriting skills, and their ability to analyse internal and external information so as to take better informed decisions remains core. Participants are set business objectives within the simulations, such as maintaining solvency and customer satisfaction. An excerpt from the introductory material is shown below, highlighting some of the key learning objectives and content covered on this course. This is an experiential learning course, as a team you will be making decision on how you want to run your underwriting portfolio based on the information available to you. You will be making decision for 1 – 3 years and next week on years 4-6, at the end of each session you will see your results and how they compare to the other teams.
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