Property and Casualty Reinsurance Basics
Introductory | 20 September – 1 October 2021 | Virtual Course
| Line of Business: |
Casualty |
| Level: | Introductory |
| Date: | 20 September – 1 October 2021 |
| Duration: |
Onboarding sessions EMEA and ASIA friendly time zones |
| Location: |
Virtual Training Course |
Target group
This course is an introduction to reinsurance. It is targeted at insurance professionals in the early stages of their career who will need to interact with reinsurers; but have yet to do so.
Training goals
Participants will:
- Be introduced to the functions of reinsurance, including its breadth of services and products, and how these can help an insurance company strengthen its balance sheet.
- Differentiate between proportional and non-proportional reinsurance treaties; and understand how to structure and price reinsurance programmes.
- See how reinsurance can be leveraged to address specific balance sheet issues with client companies, and provide a framework to support strategic market decisions.
Content/Agenda
- Introduction to reinsurance: functions and nature of reinsurance, its services and products
- Explanation of traditional proportional and non-proportional reinsurance treaties
- Structure of reinsurance programmes
- Pricing models: Fundamentals of reinsurance pricing approaches
Requirements
Participants should at least have 1-2 years' experience in an insurance company and have basic understanding of insurable interest, utmost good faith, indemnity, contract law, insurance law.