Principles of Reinsurance

An important technical course to know and understand the basics of reinsurance, and to understand the requirements of the agreements that are reflected in the underwriting processes, claims procedures and decisions, and everything related to the company's strategy in building its insurance portfolio

Target Audience:

  • Everyone interested in Insurance
  • Auditors and Risk Managers
  • Underwriters
  • Regulators
  • Reinsurers
  • Technical Teams
  • Sales managers
  • Strategies and Planning Manager

Objectives:

By the end of this training, participants will be able to:

  • Understand the Reinsurance Concepts and Needs
  • Understand the Reinsurance Legal Principles
  • Understanding the Proportional Reinsurance Treaties
  • Understanding the Non Proportional Reinsurance Treaties
  • Understanding the combination the more than one treaty together
  • Understanding the Reinsurance Claims

Assessment Strategy:

  • Pre and Post training test to measure knowledge and learning levels
  • Engage trainees in exercises and group activities
  • Evaluation form to be filled by trainees

Module 1: Reinsurance Definition

  • Introduction to Reinsurance
  • Principles of Reinsurance

Module 2: Reinsurance Contract

  • Reinsurance Contract
  • Types of Reinsurance Contracts
  • Practical Applications

Module 3: Proportional Reinsurance Treaties

  • Quota Share Treaty
  • Surplus Treaty
  • Practical Applications

Module 4: Non Proportional Reinsurance Treaties

  • Combining Quota Share with Surplus
  • Excess of Loss Treaty
  • Combining XOL with Quota Share
  • Practical Applications

Module 5: Reinsurance Claims and Compliance

  • Reinsurance Claims
  • Reinsurance from Compliance Point of View
  • Practical Applications
Experience Level:
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Code: INS1085
Language: Ar & En
Duration: 5 Days