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Insurance Institute of East Africa
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Overview

Reinsurance plays a critical role in the insurance industry by enabling insurers to manage risk exposures, increase underwriting capacity, protect capital, improve financial stability, and support sustainable business growth. As insurance markets become increasingly interconnected, professionals require a practical understanding of how reinsurance structures, treaties, markets, and partnerships operate across different jurisdictions and lines of business.

This programme provides a comprehensive examination of reinsurance, covering reinsurance contracts, facultative and treaty reinsurance, proportional and non-proportional arrangements, reinsurance programme design, market practices, legal considerations, accounting methods, and the application of reinsurance across property, casualty, marine, aviation, life, and medical insurance. Participants will also explore the structure and operation of regional and international reinsurance markets, including the evolving role of alternative risk transfer solutions and global market developments.

Through a practical and professionally structured learning experience, participants will develop the technical knowledge and commercial understanding required to engage effectively with reinsurers, brokers, intermediaries, and insurance markets while supporting sound underwriting, risk management, and capital management decisions.

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Learning Outcomes

Upon successful completion of this programme, you will be able to:

  • Explain the purpose, principles, and contractual foundations of reinsurance and the roles of the various parties involved;
  • Distinguish between facultative, treaty, proportional, and non-proportional reinsurance arrangements and their practical applications;
  • Apply reinsurance principles in the design, placement, and management of reinsurance programmes;
  • Analyse reinsurance data, underwriting information, pricing considerations, and market practices used in reinsurance decision-making;
  • Evaluate the structure, operation, and characteristics of regional and global reinsurance markets;
  • Explain reinsurance accounting principles, financial considerations, and treaty administration requirements; and
  • Assess the application of reinsurance across property, casualty, marine, aviation, life, and medical insurance business.

Course Outline

  • 1.1: Learning Outcomes

  • 2.1: Reinsurance Terminology
  • 2.2: The Purpose of Reinsurance
  • 2.3: Different Purchasers and Providers of Reinsurance
  • 2.4: The Contractual Relationship Between the Parties
  • 2.5: The Role of The Retrocedant and Retrocessionaire
  • 2.6: The Role of the Broker/ Intermediary in the Reinsurance Process
  • 2.7: Introduction to Retakaful and Retrotakaful

  • 3.1: Reinsurance Methods
  • 3.2: Premium Income
  • 3.3: Retrocession
  • 3.4: Alternative Risk Transfer (ART) Products

  • 4.1: Facultative Reinsurance Methods
  • 4.2: Premium and Claim Calculation Methods for Proportional and Excess of Loss Reinsurance

  • 5.1: Features and Operation of Proportional Treaties
  • 5.2: Ceding Commissions
  • 5.3: Flat Rate and Sliding Rate
  • 5.4: Premium and Claims Reserves
  • 5.5: Cession and Event Limits in Proportional Treaties
  • 5.6: Loss Participation Clauses in Proportional Treaties

  • 6.1: Features and Operation of Non-Proportional Treaties
  • 6.2: The Bases of Cover
  • 6.3: The Difference Between Risk Excess and Catastrophe Excess
  • 6.4: Event Limits
  • 6.5: Reinstatements

  • 7.1: Design, Selection and Placing of Reinsurance
  • 7.2: Reinsurance Market Practices
  • 7.3: Legal Issues
  • 7.4: Contract Wordings

  • 8.1: The Principal Global Markets
  • 8.2: Market Characteristics
  • 8.3: Characteristics of Hard and Soft Markets – The Market Cycle
  • 8.4: Security of Reinsurance

  • 9.1: Facultative and Proportional Reinsurance
  • 9.2: Non-Proportional Reinsurance
  • 9.3: General

  • 10.1: Property
  • 10.2: Casualty
  • 10.3: Marine
  • 10.4: Aviation

  • 11.1: Underwriting Characteristics
  • 11.2: Reinsurance Methods in Life and Medical Reassurance
  • 11.3: Terms and Conditions in Life and Medical Reassurance

Price: US$485


Course Features
  • Modules 11
  • Duration 12 Weeks
  • Content Type Text & media
  • Assessment Yes
  • Pass Percentage 70%
  • Certificate Yes
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Insurance Institute of East Africa

Insurance Institute of East Africa
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