At the end of this unit, candidates should be able to demonstrate an understanding of:
• different types of reinsurance - facultative, proportional and non-proportional treaties;
• the global marketplace for reinsurance and main market practices;
• the main aspects of property, casualty, marine and aviation reinsurance.
It is assumed that the candidate already has the knowledge gained from a study of the fundamental principles of insurance as covered in IF1, Insurance, legal and regulatory, and P05 Insurance law, or equivalent exams.