
About this course
Overview
Reinsurance is where an insurer decides what it is prepared to lose. Across treaty and facultative, proportional and non-proportional, this gives cedants and brokers enough structure to hold a credible conversation with both sides of the deal.
What you will be able to do
Learning outcomes
- Explain why and how insurers reinsure
- Select treaty or facultative for a risk
- Design proportional and excess-of-loss covers
- Structure a layered reinsurance programme
- Interpret reinsurance terms and pricing
What the course sets out to do
Course objectives
- Explain the role and purpose of reinsurance
- Distinguish treaty and facultative reinsurance
- Compare proportional and non-proportional structures
- Structure a reinsurance programme
- Understand reinsurance pricing basics
Course content
Modules
01Reinsurance fundamentals
The purpose of reinsurance and the market participants involved.
02Treaty and facultative
When each is used and how they are placed and administered.
03Proportional reinsurance
Quota share and surplus treaties and their mechanics.
04Non-proportional reinsurance
Excess-of-loss and stop-loss structures and their behaviour.
05Programme structuring
Building layered programmes to match an insurer's risk appetite.
06Pricing and terms
Rating approaches, terms, and the reinsurance contract.
Who it is for
Target audience
Cedant insurance staff, reinsurance brokers, and underwriters who need to work with reinsurance.
Before you start
Prerequisites
Insurance experience. Some exposure to underwriting or risk transfer helps.