Registration Time: 09.00

Session Time: 09.15 - 12.30 incl 15min break
Speaker: Mr Ray Micallef
Venue: Online Webinar

Participation Fees (The Institute is now accepting payments via Paypal)
MIA Members: €40.00
Non-MIA Members: €75.00
Retired Members: €20.00
Students: €30.00
*Group bookings for 3 or more participants available.

synopsis

The intention of this module is to discuss how the shock of slowing down the economy is real and very large.
But this is not a normal recession because governments decided to shut it down. What happens when countries choose to reopen?
Understandably, there is a great deal of concern about the current state of the economy and what will happen next. To outline possible responses (with the caveat that information is constantly changing, and governments and markets are moving very quickly).
This is not a financial shock or a regular recession.
It can be compared to a natural disaster, wherein the calamity will be hitting everyone, big or small.
The global effect of COVID-19 is a health shock, unlike previous recessions caused by bubbles; there is not any particular policy or business miscalculation behind the economic decline, like what happened in 2008’s economic depression.
It is caused by the pandemic and the consequences and the likely path of the economy will depend very much on how the pandemic evolves.
Therefore, looking forward, different scenarios are presented, especially in the light of economies opening up following the take-up of the vaccines, some provide a dose of optimism after we manage the number of waves of the virus.

Background Information

What always hurt family businesses and is doing even more so in these difficult times is the notion that having good and professional governance of the businesses is a cumbersome, expensive and distracting process. Many family owners believe that they only need to focus on the operating level of business where “the money is made.” The pandemic induced crisis has shown that this short sighted notion or belief came back to haunt family business owners , as suddenly business operations have slowed down or came to a complete halt and they now have to focus on cashflow management, supply chain issues and how to reach their clients online and they feel at the deep end, not knowing how to handle all these things.

TOPICS ON THE AGENDA:

• Identify the gaps within an economy;
•  Analyse how the situation can evolve and forecast for that eventuality;
•  Appreciate the different scenarios that could present and how these can impact an economy;
• Understand the importance of being prepared as a company within an economy which depends on other economies;
• Comprehend the importance of planning and implementing the changes needed without disturbing the economy from a micro-economic point of view.

Target audience

Accountants, Auditors, Entrepreneurs, Practitioners and Professionals seeking to enhance their Continuous Professional Development

Speakers profile

Mr. Micallef is a business, insurance and healthcare professional with a career spanning ten years in the healthcare sector, and over twenty years of which in insurance and financial services management.

He is an Associate of the Chartered Insurance Institute (UK) and a Chartered Insurer. He holds a master’s degree in business administration (Henley Management College UK) authoring his theses on “The Key Elements for Growth in the Private Medical Insurance Sector”.

Mr. Micallef’s experience as an insurance and business trainer spans over 18 years as a visiting lecturer at the Malta Insurance Training Centre, the Global College, The London School of Commerce, STC College, Learnkey Institute, the Gulf Insurance Institute (Bahrain and Saudi Arabia), the Malta Chamber of Commerce (LCCIEB), RISC Institute, Leoron, and Arizona Computer Services pvt. Ltd, delivering customized workshops for various companies in the UAE and the Kingdom of Saudi Arabia.

Furthermore, he has managed to increase his network of institutions in the Gulf area and has developed and delivered several workshops for a diverse audience in medical insurance and provided tuition for CII subjects in Private Medical Insurance, Claims Management, Economics and Insurance Law. He also lectures Information systems in Business, Economics and Business administration, Business Ethics, Risk Management and Capital Adequacy, and Customer Services.

Mr Micallef has been lecturing in the GCC region, as a senior lecturer, since 2014, and has accumulated a vast experience in lecturing different Business Strategy, Management, Marketing, Human Resources, Insurance and Supply Chain Management subjects as short or long courses, on behalf of various institutions in the region.

EVENT CPE COMPETENCES

3 Hour Professional

WEBINAR TERMS AND CONDITIONS

Terms and conditions apply

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