Technical Insurance Knowledge and Skills
Reinsurance - Introduction
Introduction
This one day interactive workshop provides a basic understanding of reinsurance for non-practitioners and provides an essential first step for anyone embarking on a course of study in greater depth.
Workshop Objectives
Delegates who successfully complete this workshop will be able to:
• demonstrate the difference between proportional and non-proportional reinsurance
• describe the characteristics of facultative and treaty methods of reinsurance
• describe the various types of reinsurance treaty contract
• describe the importance of information about the original risk to the underwriter
Workshop Content
• Definition of Reinsurance
• Types of Reinsurance
• Proportional
• Non-Proportional
• Methods of Reinsurance
• Facultative
• Quota Share
• Excess of Loss
• Treaty Reinsurance
• Quota Share
• Surplus
• Facultative Obligatory
• Excess of Loss (Contracts) – including Risk Excess, Catastrophe/Aggregate Excess and Stop Loss
• Accounting Concepts
• Underwriting Periods – Year of Account, Losses Occurring During and Policies Attaching
• Portfolio Transfers
• Reinsurance Programmes
• The Retention
• Relationship Between Types and Methods
• Allocation to Reinsurances by the Underwriter
• Apportionment of Losses
Duration: 1 day(s).
Call us now on +44 (0)1372 361 177 or email us for more information on this course.
Face to Face Training
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