Description
This interactive course takes the subject of Reinsurance insurance to a more advanced level.
What you will learn
Who should attend?
Those who have some experience of reinsurance who would like a more detailed explanation of the different types of reinsurance available and how they operate.
Learning Outcomes
By the end of the workshop delegates will be able to:
- Demonstrate a thorough understanding of reinsurance
- Explain the differences between facultative, treaty and other forms of reinsurance
- Show how risks are allocated to the different types of proportional treaties
- Show how claims are recovered from a catastrophe excess of loss programme
- Explain aggregation, exposure and rating bases
- Demonstrate an understanding of the interrelationship of the different methods and types of reinsurance
Course Content
- Proportional treaties – proportional and surplus
- allocation of risks
- year of account
- premium and claims reserves
- oarge loss notifications
- profit commission
- portfolio transfers
- Non‐Proportional treaties – including per risk and cat
- premium bases
- flat or adjustable
- minimum and deposit premiums
- adjustments
- burning costs
- claims bases
- reinstatements
- Facultative Quota Share
- Facultative Excess of Loss
- Aggregate and stop loss treaties – claim calculations
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