Summary
This one day interactive course takes the subject of Reinsurance to a more advanced level.
The course is designed for 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.
What we will cover
- Proportional treaties – proportional and surplus
- Allocation of risks
- Year of account
- Premium and claims reserves
- Large loss notifications
- Profit commission
- Portfolio transfers
- Non-Proportional treaties
- 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
By the end of this course you will:
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
