Reinsurance Fundamentals

Reinsurance Fundamentals

VENUE: Nairobi

BACKGROUND

This course covers the key elements of reinsurance methods and practices including the application of facultative and treaty business and the considerations made when transacting reinsurance both proportional and non-proportional treaties. It gives participants a foundation knowledge of reinsurance and explains the different types of reinsurance, and the key principles of programme design.

COURSE OBJECTIVES

At the end of the course participants will:

  • Have gained an insight into reinsurance operatives
  • Be able to explain the differences between reinsurance arrangements commonly used
  • Be aware of the appropriate methods to adopt in different risks/classes
  • Know the implications and gain a practical understanding of the reinsurance market.

COURSE CONTENTS

  • Identify the main types of reinsurance and the reasons insurers use reinsurance
  • Describe the relationships among direct writers, reinsurers, and retrocessionaires
  • Describe how reinsurance is marketed and explain the typical steps in negotiating a reinsurance agreement
  • Identify and describe types of proportional and non-proportional reinsurance plans
  • Concept of reinsurance
  • Methods of reinsurance
    • Facultative reinsurance
    • Treaty reinsurance
  • Facultative reinsurance
    • Fac/obligatory
  • Types of reinsurance
  • Treaty reinsurances
    • Proportional
    • Non- proportional reinsurance
  • Application of reinsurance to various classes of insurance

TARGET GROUP

  • Underwriting Staff working in Insurance and Reinsurance Companies, Brokers and Organizations
  • Staff in Claims Departments
  • Staff working in Reinsurance Department

 

 

Cost: 22,500.00


 

How to apply

All candidates must follow the application steps where they provide their details and select units. An invoice will be sent to the email address of the applicant with payment instructions.


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