Reinsurance Principles and Practices Training Course

Participants can assess quota share and surplus treaty structures for a defined portfolio.

• Analysing gross, net, and retained exposures using underwriting portfolio data
• Retention selection aligned with capital appetite, volatility tolerance, and liquidity
• Quota share structures and commission terms, including sliding-scale commissions
• Surplus treaties sized through lines, capacities, and automatic acceptance limits
• Portfolio transfers, facultative obligatory arrangements, and treaty exclusions
• Comparing proportional structures through ceded premium, commissions, and net results

Participants can design and evaluate excess of loss and aggregate protection layers.

• Per-risk excess of loss layers, priorities, limits, and reinstatements
• Catastrophe excess of loss design using event occurrence definitions
• Aggregate stop-loss covers and annual aggregate deductibles for portfolio protection
• Hours clauses, loss occurrence wording, and event aggregation issues
• Layer towers evaluated with rate-on-line, exposure curves, and expected loss
• Reinstatement premium calculations under fixed, pro-rata, and free reinstatements

Participants can prepare and evaluate core underwriting information and treaty pricing inputs.

• Treaty submission data: premium, limits, loss history, and exposure profiles
• Exposure rating using probable maximum loss and damage ratio assumptions
• Experience rating based on burning cost, loss development, and trend
• Chain Ladder and Bornhuetter-Ferguson methods for immature casualty losses
• Technical price construction: expected loss, expenses, profit, and risk margin
• Rate-on-line assessment against attachment probability and layer exhaustion risk

Participants can identify contract provisions that determine coverage, obligations and recovery rights.

• Contract certainty principles, slip information, and placement documentation controls
• Scope clauses defining business, territories, currencies, and covered policies
• Follow the fortunes and follow the settlements obligations
• Claims cooperation, claims control, and cash loss settlement clauses
• Exclusions, warranties, conditions precedent, and material change provisions
• Dispute resolution through arbitration clauses, governing law, and jurisdiction

Participants can manage the documentation, calculation and escalation of reinsurance recoveries.

• Notification protocols, bordereaux, and claims files supporting recovery submissions
• Claims allocation between underlying policies, treaty layers, and facultative covers
• Recoverable calculation using attachment, limit, reinstatement, and aggregate provisions
• Cash call preparation and collateral evidence for large catastrophe losses
• Commutation agreements, runoff administration, and final account reconciliation
• Disputed recoveries escalated through documentation, broker engagement, and arbitration

Participants can explain major accounting, credit-risk and regulatory reporting implications of reinsurance.

• IFRS 17 reinsurance held measurement and loss-recovery component mechanics
• Premium ceded, commission income, and reinsurance recoverables accounting entries
• Funds withheld, deposit accounting, and collateralised reinsurance balance treatment
• Credit risk allowances and counterparty default exposure in reinsurance assets
• Solvency II risk-mitigation recognition and counterparty default capital charges
• Reconciliation of underwriting, claims, accounting, and regulatory reinsurance records

Participants can assess how reinsurance protects capital against severe and accumulated losses.

• Risk appetite translated into retention, limit, and aggregate protection decisions
• Probable maximum loss, maximum foreseeable loss, and realistic disaster scenarios
• Accumulation control by geography, peril, occupancy, and policy limit
• Retrocession structures for reinsurer peak-zone and aggregate exposure management
• Catastrophe model outputs interpreted through exceedance probability curves
• Capital relief assessed against basis risk, collateral, and coverage gaps

Participants can assess reinsurer security and govern a disciplined placement process.

• Counterparty assessment using financial strength ratings, security, and concentration limits
• Broker selection, quotation comparison, and placement timetable governance
• Panel construction balancing capacity, credit quality, expertise, and diversification
• Sanctions screening, anti-money-laundering controls, and restricted territory clauses
• Data room controls for underwriting information, confidentiality, and audit trails
• Renewal negotiation strategy supported by performance data and market intelligence

Participants can produce a structured review of programme performance and renewal priorities.

• Renewal review combining exposure changes, loss experience, and market conditions
• Programme adequacy tested against retention appetite and severe-loss scenarios
• Reinsurance dashboard metrics: ceded ratio, recovery ageing, and counterparty concentration
• Action register assigning owners, deadlines, evidence, and escalation thresholds
• Board reporting on programme value, key assumptions, and residual exposures
• Personal application plan for immediate treaty, claims, or reporting improvements