The Training Environment For Financial Services

Foundation in Reinsurance

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Course Outline & Objectives

This course is designed to provide you with a basic knowledge of the main methods and types of reinsurance available in the international insurance market, together with an analysis of the main principles involved in the buying and selling of reinsurance. Attending will help you accelerate your professional development and make a greater contribution to your business.

Specifically it will enable you to:

  • Understand how the reinsurance market functions and the relationships between insurer, reinsurer and insured
  • Know the main types and methods of reinsurance --– facultative, treaty, proportional and non- proportional --– and the relative advantages and disadvantages of each
  • Practise basic premium, claims, cession, allocation and recovery calculations for different types of reinsurance arrangements
  • Be familiar with the different varieties of facultative and treaty reinsurance contracts, when they are used and how they work
  • Test your knowledge and apply your learning in case studies, exercises and practical examples

Who will benefit

All technical staff who have a limited degree of technical reinsurance knowledge. It will also be of value to new entrants to the insurance sector at all levels, who wish to gain an overview of the reinsurance market and its underlying principles. This will include:

Management      Operations      Underwriting      Claims
Compliance        Legal               Risk                     Finance

Training Approach

This workshop uses a combination of trainer input, interactive syndicate work and case studies.

Course Agenda

The topics covered may include but are not limited to:

  • What is Reinsurance?
  • Main methods and types of Reinsurance
  • Facultative Risks
  • Proportional Treaties
  • Quota Share Treaties
  • Surplus Treaties
  • Facultative Obligatory Treaty
  • Excess of Loss Treaty
  • Stop Loss Treaty
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