Overview
The content of the Executive Certificate in Reinsurance course makes your road to learning about this aspect of insurance more effective, easier and more enjoyable than ever. Its streamlined approach strikes a careful balance between depth of coverage and ease of learning. It’s world-class learning design - with insightful examples, thought primers, learning activities, case studies, review questions, and tutorial questions - ensures that you will be well prepared and have a richer understanding of the subject theory and practices.
In your professional journey with the Executive Certificate in Reinsurance, you will develop knowledge and understanding about the different types of reinsurance, the global marketplace for reinsurance, current market practices, and the main aspects of property, casualty, marine, aviation, life and medical reinsurance.
Download BrochureLearning Outcomes
By the end of this course, you should be able to:
- Understand the purpose of Reinsurance and the parties to a Reinsurance Contract;
- Explain the Principles of Insurance as applicable to a Reinsurance Contract;
- Describe the features, practical application and operation of Facultative Reinsurance – inclusive of both Proportional and Non-Proportional Treaty;
- Understand how the principles of Reinsurance are applied to the design of reinsurance programmes and market practices;
- Describe the process of collection, interpretation, and usage of data (statistics) in the design of a Reinsurance Programme;
- Understand the Regional and Global Reinsurance markets;
- Examine the accounting methods for different types of Reinsurance;
- Understand the main aspects of Property, Casualty, Marine, and Aviation reinsurance; and
- Understand the main aspects of Life and Medical Reinsurance.
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
