About CPD: Balance Sheet Management (12/02/26) - 4 CPD

Balance Sheet Management Game – introduction

The Balance Sheet Management Game (BSM Game) is an interactive game designed to explore the policy framework and decision-making challenges of a Chief Financial Officer (CFO). In this game, you will take on the role of CFO for PrimeInsurance (PI), a fictional life and non-life insurance company. Your task is to evaluate and implement different strategies aimed at improving key performance indicators, including solvency and capital growth.

As CFO, you are responsible for managing PI’s overall risk-return profile. The BSM Game examines both the asset and liability sides of the balance sheet. Throughout the game, you will engage with topics such as asset allocation, interest-rate hedging strategies, product pricing, and reinsurance - supported by practical, illustrative examples.

Based on your strategic decisions, PI’s balance sheet will be projected into the future, allowing you to assess the impact on several key metrics. These outcomes will then be compared, analyzed, and discussed.

Presenters

Marcel Smith is a principal consultant and one of the founding partners of MavenBlue. He holds a PhD in econometrics and is a certified FRM from GARP. Former CIO of Fortis Insurance International, Marcel has over 25 years of experience in the insurance industry.  He is an expert in financial risk management, asset liability management, investment management, product development, operations research, quantitative modelling and parallel computing.

Oscar Dries is a principal consultant at MavenBlue. Oscar’s area of expertise is financial risk management. He has more than 25 years of experience in the insurance industry. During his career, Oscar has held various positions within a.s.r., including Head of ALM, Head of FRM (Financial Risk Management, second line) and Head of FRMM (Financial Risk Management and Modelling). He has a Master of Science degree in Econometrics and finished the postdoctoral study for Investment Analyst (RBA).