Reinsurance Training workshop

Workshop objectives

On completion of the workshop, delegates will be able to understand:

INTRODUCTION

• Understand the concept of risk
• Understand the concept of insurance and reinsurance 
• Appreciate the need for and benefits of reinsurance
• Outline the limitations of reinsurance 
• Describe the fundamental legal principles of insurance and reinsurance 
• Be aware of the history of insurance and reinsurance
• Outline the important centres of reinsurance
• Identify the constituents of the reinsurance market
• Appreciate the institutions which provide reinsurance training and education 
• Discuss the professions and trade associations that support reinsurance 
• Outline the methods and forms of reinsurance
• Describe the advantages and disadvantages of the forms of reinsurance
• Be aware of the importance of a comprehensive Reinsurance Management Strategy
• Outline the summary of a reinsurance programme in diagrammatic illustrations 
• Explain the reinsurance allocation of a sum insured and loss in the reinsurance programme 
• Discuss the consequences of under-reinsurance 

 

INTERMEDIATE

• Appreciate the reasons for facultative reinsurance 
• Identify the advantages and disadvantages of facultative reinsurance 
• List the types of facultative reinsurances available
• Explain the process of arranging facultative reinsurance 
• Outline the calculation in determining the amount of facultative reinsurance requirement 
• Identify the differences between proportional treaty and excess of loss (non-proportional)
• Outline the workings of a quota share treaty, surplus treaty and facultative obligatory treaty
• Describe the concept of one line retention and proportional treaty limit
• List the advantages and disadvantages of a quota share treaty, surplus treaty and facultative obligatory treaty
• Explain the process of concluding a proportional treaty
• Be aware of the combinations of covers
• Describe the other types of reinsurance arrangements
• Discuss the pricing of proportional treaties
• Understand the principles of excess of loss reinsurance
• Understand the differences between per risk excess of loss, stop loss, annual aggregate limit excess of loss, top and drop and clash cover 
• Be aware of the different ways in which risks and losses attach to reinsurance covers
• Know the main methods used to price an excess of loss reinsurance programme
• Describe the reinstatement of an excess of loss cover
• Appreciate the issues arising from event and aggregation of losses
• Appreciate what technical accounting means and what it entails in reinsurance
• Understand technical accounting under facultative contracts and under treaty contracts
• Be aware of the technical procedure under excess of loss contracts
• Identify when funding may be necessary 

 

Workshop format

This workshop is delivered ONLINE, over ONE FULL-DAY via MS Teams, on 23 January 2025, 09:30 - 16:30 (UK).

It will contain a range of visual and interactive training techniques to help the participants with their understanding of reinsurance. The trainer will use real and practical examples taken from a broad spectrum of the market. 

 

Who should attend

Insurers, Reinsurers, Brokers, MGAs, underwriters, claims, compliance, actuaries and anyone looking to further their knowledge and understanding of reinsurance.

 

Trainer

 Ed Gooda, FCII SIRM 

 

Certificate

At the end of this workshop, you will receive a certificate of attendance from the Chartered Insurance Institute.

 

Price

• Members: £189
• Non-members: £249

 

How to book

To register for this workshop, please complete the below form: 

For enquiries about this course, please email to: business.enquiries@cii.co.uk

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Please note: courses are sold on a first come first serve basis, and therefore availability may change, depending on the number of bookings received. Once a course becomes full, the above date will no longer be available, and new dates will be published.

We reserve the right to postpone the above course dates, subject to a minimum number of course bookings received. Your booking will only be confirmed, once payment has been processed and you receive a booking confirmation email from the training team.

Can't attend on this date? Register your interest in other training courses and future dates.

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