Basic / Foundations in Reinsurance

This module will focus on:

COURSE 1: INTRODUCTION TO REINSURANCE

1. History of Insurance and Reinsurance
2. Definition of Insurance
3. Players in the Reinsurance Market
4. Why Insurance Companies Need Reinsurance
5. Basic Forms and Types of Reinsurance
6. Documents Related to Reinsurance
7. Case Study
8. Conclusion
9. Test

COURSE 2: INTERMEDIATE REINSURANCE

1. Reinsurance Documentation
2. Other Types of Reinsurance Covers
3. Reinsurance Accounting Concepts
4. Statistics, Incurred but not Reported(IBNR) and Risk Profiles
5. Pricing Methods
6. The Reinsurance Renewal Cycle
7. Case Study
8. Conclusion
9. Test

COURSE 3: DESIGNING A REINSURANCE PROGRAMME

1. Basic Building Blocks
2. Realistic Disaster Analysis-What Could Happen and How Much Could it Cost
3. Reviewing Internal Resources
4. Revisiting The Basic Forms and Types of Reinsurance
5. Reinsurance Structure
6. Important Clauses
7. Choice of Reinsurer
8. Choice of Reinsurance Intermediary
9. Case Study
10. Conclusion
11. Test