ICCIE

International Center for Captive Insurance Education

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An Introduction to Alternative Risk Financing Mechanisms

Course Guidelines & Materials provided below

 

 

* This page is intended for students enrolled in the current session of the above mentioned course. The content on this page is copyright protected.  Please do not

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ICCIE Students,

You are about to begin one of five courses designed to prepare you for work in the captive insurance field. Whether you are taking this course for informational purposes or if you have a desire to become more involved in the captive industry, we are committed to providing you with the best instructors and the best experience possible.

This first course will provide you with a foundational introduction to alternative risk financing mechanisms. You will learn key vocabulary and concepts to communicate effectively in the captive industry.

Become familiar with the course and what is expected of you through the Syllabus (below).  The section titled "Getting Started" (below) will provide information on how to prepare your computer for the technical aspects of this course.

Read each section below for a full understanding of what to expect from the course and to obtain important directions.

 

 

Getting Started

 

Important, please complete each of the steps below at least one week prior to the start of the first webconference session.

 

  1. Run the "Wimba Wizard"  http://uvm.horizonwimba.com

  2. Contact Student Affairs Coordinator, Angela Gale at angela@iccie.org if you have not had a demo of Wimba

  3. Read the course syllabus

  4. Review the course calendar 

 

If you have questions, contact Student Affairs Coordinator, Angela Gale at angela@iccie.org  


Sponsors

Distinguished Scholar Sponsor:

Founding Partner:

TD Banknorth

State Founding Sponsor:

Domicile Partner:

 

Meet your Instructors

Dennis Silvia

Dennis Silvia has been the president of Cedar Consulting LLC, in Chagrin Falls, OH since 2005.  Prior to that, he spent five years as Director of Group Captive Programs for CNA Insurance Co. in Chicago.

In the decade preceding, Dennis served as Vice President, Captive Products for National Interstate Insurance Company in Richfield, OH.  He has also had additional insurance industry experience as a broker marketing manager.

Dennis has also taught insurance courses at the college level in Ohio.

Education

MA, Management with an emphasis in Insurance, Regent University

BS, Business Administration, Lake Superior State University

 

Professional Designations:

CPCU

AAI

Daniel Kugler

Dan Kugler is President of Snap-on SecureCorp, Inc., the internal insurance agency of Snap-On Incorporated, and two captive companies—Bermuda-based SecureCorp Insurance Company, Ltd. and Dublin-based SN SecureCorp Dublin Ltd. 

Dan is responsible for directing risk management activities worldwide at Snap-on Incorporated, a leading global developer, manufacturer and distributor of professional hand and power tools, diagnostic and shop equipment, and tool storage products with annual sales of more than $2.5 billion. He is also responsible for security and loss prevention programs for the parent and all subsidiary companies.

Dan received recognition from Business Insurance magazine as the 2002 Risk Manager of Year.

Education

B.A., Business Administration, University of Wisconsin-Oshkosh

MBA at Loyola University Chicago

Advanced Management Certificate in Enterprise Risk Management at Georgia State University.

Professional Designations

ARM

ACI

AIC

CEBS

CPCU

licensed insurance broker and adjuster

Affiliations

Board Member, Risk and Insurance Management Society (RIMS)

Board Member, Spencer Educational Foundation

Member, RIMS ERM Development Committee

Member, Risk Management magazine Editorial Advisory Council

Member, Spencer Educational Foundation Risk Management in Residence Program

Member, Indiana State University Insurance Advisory Council.

Former Member, CPCU Society Board of Governors.  


Syllabus

 

Course Objectives

This 8-hour course explains fundamental vocabulary and concepts behind alternative risk financing mechanisms. You will discover the purpose of using an alternative risk financing mechanism and the

types available. Through the use of case studies, you will get hands-on experience evaluating situations

and collaborating with your peers to discover the most effective solution.

Objectives:

 

Prerequisites:

• No prior knowledge of the captive or risk management industry is required.

Who should take this course?

              • Certificate students who have a desire to complete the comprehensive captive insurance education program – including the proprietary curriculum and testing - and earn a certification and professional designation (ACI - Associate in Captive Insurance) that will be acknowledged as the standard in the industry.

• This course is appropriate for people who are new to the captive or risk management industries – most likely with fewer than seven years experience in those fields.

• Modular students who will participate in the courses on an “as needed” basis. These may be students who are not risk management or captive professionals, but who are in a related field and want to learn more about a particular area of the captive insurance business.

• Modular students may have extensive experience in captive insurance but want an intensive course about one aspect of the industry that is not familiar to them.

 
Course Calendar

September 8th

- Run the Wimba wizard and participated in a demo of the Wimba platform with Angela Gale
- Review course material and expectations.

- Begin reading case study
- Begin Session One Reading Assignments

September 15th 2:30 – 3:45 p.m. EDT Webconference One

- Session one reading completed
- Begin reading session two assignments
- Continue working on case study assignment

September 22nd 2:30 – 3:45 p.m. EDT Webconference Two

- Session two reading completed
- Continue working on case study assignment

 

September 26th Noon

– Team case study presentation due (e-mail to angela@iccie.org)

September 29th 2:30 – 3:45 p.m. EDT Webconference Three (present case study)

- Case study questions due

October 6th 2:30 – 3:45 p.m. EDT Webconference Four

October 14th - Homework assignment for week one follow-up due

October 20th - Homework assignment for week two follow-up due

October 24th - Receive participation score

October 27th – November 21st - Exam Window

 

General Course Overview

 

The course consists of four webconferences, a team case study project, reading assignments, homework assignments and a final exam.  See below for an overview of the course.

 

Team Case Study Assignments

As an assigned team you will be asked to prepare a 5-10 minute presentation regarding the case study provided below.  Choose one team member to present your responses to two of the eight study questions during the third webconference. 

Use the PowerPoint template to present your findings.  E-mail your PowerPoint presentation to angela@iccie.org no later than noon on the due date (see the Calendar for the exact date). Submit your team's short answers to all eight study questions by the start of the third webconference.   

You will receive your team's contact information and the questions to present after the first webconference.

 

Remember, completing homework assignments and participating in the online discussions makes up 10% of your final grade.

 

 

Session 1

Reading: Before the first webconference, read chapters 17 and 18 from the Wiley book. Pay special attention to the vocabulary presented throughout the chapters. This will aid you in participating during the lecture. Please also review the Alternative Risk Financing page.

Webconference One Handout:  Print the webconference one handout. This will assist you in taking notes and provide you access to the charts and graphs that will be discussed during this session. click here

The following topics will be discussed:

Homework: A case study scenario will need to be completed before the third webconference. You are to collaborate with your assigned team to discuss the answers to these questions. see the link under case study assignments

Session 2

Reading: Readings outside of the text have been provided by the International Risk Management Institute, Inc. (IRMI). IRMI was founded in 1978 to provide important risk and insurance information and has published the most comprehensive library of information available today.

Webconference Two Handout: Print the webconference one handout. This will assist you in taking notes and provide you access to the charts and graphs that will be discussed during this session. click here

The following topics will be discussed:

Homework: Continue to work on team case study project.

Session 3

Reading: Readings are not required for this session. However, be sure to have an understanding of previous reading assignments.

Webconference Three Handouts: Handouts for webconference three will be e-mailed to you prior to the class. Handouts will include case study presentations.
Teams will present their case study findings. It is important that you are prepared to ask questions of other teams and express your opinions on the case study questions.

Homework: none for this session

Session 4

Reading: Readings are not required for this session. However, be sure to have an understanding of previous reading assignments.

Webconference Four Handout: Print the webconference one handout. This will assist you in taking notes and provide you access to the charts and graphs that will be discussed during this session. click here

The following topics will be discussed:

Homework:
After the fourth webconference, you will have two weeks to submit your homework assignments and respond to your classmates regarding their homework responses. This two-week time is for you to study the concepts learned and to draw on the knowledge of your classmates and instructors through participation in the threaded course discussions.

Your contributions to these assignments are critical to help ensure a quality educational experience. Each of you offers unique perspective and insight to these discussions. Please take an active roll in your learning process by contributing to the assignments. The quality of these discussions is dependent on each of you and your willingness to participate.
Remember, completing assignments represents 10% of your final grade.

Week 1 follow-up: As individuals, complete the following assignments. See the course calendar for the due date.
1. The first session's class presentation is more about risk management than captives, but that is to help you appreciate the context of captives as a risk management tool. Go back into the slides presented in the class and examine slide titled, "Alternative Risk Approaches Pros and Cons," and post your thoughts about what is listed here. Are there additional considerations, positive or negative, that should have been listed?
2. The IRS is challenging the favorable tax treatment of captive premiums, if the ability to deduct captive premiums is disallowed, how will this impact captive users? Will other risk financing alternatives become more attractive? What do you think would be the impact on captive formation and usage, and why?
3. Review the responses of your classmates to the above questions. Either create a new “thread” of discussion based on the assignments or other course content OR respond to a classmates existing thread or homework response; asking relevant questions you have related to a topic, and encouraging dialog with others. Don’t hesitate to challenge discussion posts of others and be ready to defend your own ideas. In order to be up-to-date with the discussion, please make it a point to return to this forum frequently. (Submit a minimum of one substantive post).

Week Two follow-up:
Week 2: As individuals, answer the end of chapter discussion questions from Chapter 1 in the Captives and the Management of Risk textbook. Also, similar to last week’s third assignment respond to other student posts with additional questions or comments about their answers. Be sure to back up your responses
End of chapter questions:
1. Based on what you know about the essential elements of captive insurance, would you say that XYZ LAC is a captive? Why, or why not?
2. If this is a captive, what type of captive is it? Explain your answer.
3. Based on the information given here, is XYZ Liability offering "ART" programs to its insureds? Discuss why or why not.

 

Final Exam

You will complete the final exam as an online multiple choice test. This exam will be proctored in your office to ensure a safe testing environment. Additional instructions for taking the exam will be provided.


Grading Breakdown

Your final grade is determined by your attendance, participation and exam.

Earning 80% or higher is required to pass the course. 

Attendance: Missed class (es) must be made up by reviewing the archive within a week for maximum credit. Please contact Angela Gale, in advance, if you will miss a class.  

10%

Participation: Participation includes active involvement during class, participation in the team case study and completion of homework assignments (including starting “new” threads of discussion and / or responding to at least 2-3 other student’s postings). Maximum points are awarded for substantive submissions.

10%

Final Exam: Students may attempt to pass the course by sitting up to two exams during the testing window to earn a passing grade.

80%

Total available

100%

Minimum needed to pass course

80%

 

             


Accessing Webconferences

 

What is Wimba?

Wimba is a webconferencing platform that will be used for all online classes providing a visual complement to the telephone conference call.  You will meet with your instructors and classmates at appointed times to participate in a live lecture.  PowerPoint slides, graphs, and assignments will be displayed and discussed as a class.  Be prepared to participate in the lectures by responding with comments or questions through audio or instant text messaging.  Online polls are also used in each course.  Be prepared and alert during the lectures. 

      

 

 

 

 

 

 

 

 

How to prepare my computer to run Wimba

 

To prepare your computer, run the wizard at:

www.uvm.horizonlive.com/wizard/launcher.cgi?wc=na   


Attend a 5-10 minute demo of the virtual classroom (REQUIRED)Please contact Angela Gale at angela@iccie.org or 802-651-9053 to arrange for a demo if you have not had one. 

You must test your computer access to Wimba prior to the start of the course.  Please remember that you must run the wizard on ALL computers you are planning to use to attend the Webconferences.

If you have a problem running the wizard on your computer or attending webconferences, please contact Angela first. You can also call the Wimba Support Line at 212-651-8060. Please introduce yourself as a University of Vermont conference participant.

To run Wimba your computer will need to meet the following minimum standards.   We also strongly encourage you to use broadband internet access. 

 

Microsoft Windows

Operating systems:  Win XP/Vista/2000/ME/98se

Browsers: IE 5.0/5.5/6.0; NS 7.0, 7.1; Moz 1.4/1.5/1.6

 

MacOS

Operating systems; OSX1 (Puma 10.1, Jaguar 10.2, Panther 10.3), OS92 3

Browsers: IE 5.1; NS 7.0/7.1; Moz 1.4/1.5/1.6; Saf 1.1/1.2

 

Linux

Operating systems: Linux2 3

Broswers: NS 7.0/7.1; Mox 1.4/1.5/1.6

 

 

How to attend the Webconferences

 

Enter the following link at the appropriate time: http://uvm.horizonlive.com

 

 1. Login as a participant:

 

 

 

 

 

 

 

 

2.  Enter your information:

      Username:  First name  + last name (e.g. AngelaGale) – case sensitive, no space between first and last name

      Password:  Last Name (e.g. Gale) - case sensitive

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.   Choose the appropriate classroom.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How to connect to the telephone conference number

 

In conjunction with the web conference we will use a telephone conference call (provided by FreeConference.com). 

Please call 1-309-946-5100, access code 42243 (ICCIE) a few minutes prior to the start time of the class. This number will be used for ALL ICCIE webconferences.   

  

Conference Call Reminders:

 

  

How to communicate with the instructor and classmates

 

There are many ways for communicating and responding with the instructors during a Wimba lecture. 

 

Raise your hand.  If you have a comment or question for your instructor, raise your hand within the Wimba classroom to respond by audio. 

 

Yes and No.  There may be times during the lecture when your instructor may ask you to respond to a question with a “yes” or “no” response. 

 

Chat.  You can communicate with your instructor using the text message chat feature in Wimba.  If you would like to post a message for “ALL” in the class then choose “ALL” from the drop down menu. Otherwise, you can send private messages to individual classmates or your instructor using the drop down menu.  If your phone system is not working properly, this is a great place to get your question to the instructor without the technical difficulties. 

 

 

 

 

 

Polls.  You may be asked to respond to online polls.  This helps the instructors gauge the opinion of the class on particular topics.  You may need to respond to a multiple choice or open ended question.  

 

 

 

 

 

 

 

How to view archived presentations

Archives are an excellent way to review the course lectures.  If you miss a webconference or simply want to listen to part or all of the webconference you may access the archive of the sessions.  Archives are made available one business day following the live lecture.

To access an archive login to Wimba as if you are going to a webconference and select the the “Archives” tab in the Wimba Lobby.  Make sure your computer’s speaker volume is adjusted before viewing the presentation. 

You need QuickTime Audio to view archived features.  To download this program, visit the following link: 

http://www.apple.com/quicktime/download