Introduction to Reinsurance
This interactive course is designed to develop knowledge and skills in this specialist topic. The duration of each course is typically one day, but this can be tailored to the needs of your group.This workshop covers the key elements of reinsurance methods and practices including the application of facultative and treaty business and the considerations made when transacting reinsurance and underwriting and purchasing proportional and non-proportional treaties. Reinsurance is examined both from the view point of both the reinsurer and the reinsured.
Who should attend?
New entrants to the insurance or reinsurance industry working directly in the market or supporting area.
Summary
Duration: 1 day
No of attendees: 12-16
Format: Online - Virtual delivery
CPD: Recognised
Topics Covered
The course takes a practical and thought provoking look at:
- Benefits of reinsurance
- Reinsurance market key players
- Uses of facultative and treaty reinsurance
- Application of proportional reinsurance
- Quota share
- Surplus
- Application of Non-proportional reinsurance
- Excess of loss
- Stop loss/aggregate excess of loss
- Reinsurance programme design
- Reinsurance underwriting
- Operation of reinsurance contracts including claims
- Alternative Risk Transfer
Learning outcomes
By the end of the course the delegates will be able to:
- Describe how insurers use facultative and treaty reinsurance to protect themselves and increase their capacity
- Identify the key players in the reinsurance market
- Explain how proportional reinsurances operate
- Explain how non proportional reinsurance operate
- Identify the key elements of reinsurance programme design
- Describe how insurers and their reinsurers can work effectively with each other
- Outline how alternative risk transfer methods can be used to protect insurers and reinsurers
To discuss this course or your learning needs
Your CII Relationship Manager would be delighted to explore your learning needs and can draw on the expertise within the CII Learning Solutions team to support you further.
Please speak with your Relationship manager in the first instance or contact business.enquiries@cii.co.uk for more information.