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Reinsurance – Introduction
- 6 CPD Hours
- Introduction Level
- Online or Face-to-Face Workshop
Summary
This interactive reinsurance training workshop teaches a basic understanding of reinsurance for non-practitioners.
The ideal first step for anyone starting out in the world of reinsurance – or simply wanting to understand more about it – this is the ideal starting point for reinsurance training.
Course Content
- Definition of reinsurance, inwards and outwards reinsurance, retrocession
- Proportional vs non-proportional
- Methods of reinsurance
- Facultative
- Treaty
- Contract
- Types of reinsurance
- Quota Share
- Surplus
- Facultative Obligatory
- Risk/Catastrophe
- Aggregate Excess of Loss
- Stop Loss
- Accounting concepts
- Underwriting periods
- Year of account
- Losses occurring
- Policies attaching
- Portfolio transfers
- Reinsurance programmes
- Retentions and protecting the net account
Learning Objectives
- Understand the need for reinsurance and its use by insurers
- Understand the reinsurance market
- Demonstrate the difference between proportional and non-proportional reinsurance
- Describe the characteristics of facultative, treaty and contract methods of reinsurance
- Describe the various types of reinsurance proportional and non proportional contracts and the key clauses therein
- Describe the legal principles of reinsurance and the importance of information about the original risk to the underwriter
Ready to book?
Simply complete the booking form with your details and a member of our team will be in touch with the next available dates.
Any questions?
If you’re not quite sure if this course is suitable or are looking for further information, call our team on 0117 244 7221.