Reinsurance Principles
This course covers the key elements of reinsurance
methods 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.
By the end of
this course, participants will be able to:
•
Understand the concepts and needs of
reinsurance.
•
Comprehend the legal principles of
reinsurance.
•
Know proportional reinsurance
treaties.
•
Understand non-proportional
reinsurance treaties.
•
Grasp the combination of multiple
treaties.
•
Understand reinsurance claims.
Course Curriculum
- Reinsurance Contract
- Functions of Reinsurance
- Buyers
- Sellers
- Intermediaries
- Legal Principles Governing Reinsurance Contracts
- Relationship Between Parties to Reinsurance Contracts
- Dispute Resolution Between Parties to Reinsurance Contracts
- Legal Status of Reinsurance Intermediaries
- Optional Reinsurance
- Treaty Reinsurance
- Optional/Compulsory Reinsurance
- Reinsurance Pools
- Compulsory Assignments
- Proportional Reinsurance
- Non-proportional Reinsurance
- Explanation of Proportional Agreement Terms
- Explanation of Non-proportional Reinsurance Agreement Terms
- Accounts of Proportional Reinsurance Agreements
- Methods of Calculating Unearned Premium Reserves
- Preparation of Accounts for Proportional Reinsurance Agreements Based on the Cut-off System
- Profit Commission
- Accounts of Non-proportional Reinsurance Agreements
- General Nature Statistics
- Statistics for Proportional Agreement Results
- Statistics for Non-proportional Reinsurance Coverage Results
- Placement of Reinsurance Management in the Company's Organizational Structure
- Annual Workflow in Reinsurance Management
- Coordination of Work Between Reinsurance Management and Other Departments.
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