Understanding the Reinsurance Industry

Enhance your knowledge of how reinsurance works, and how your role impacts the business, for those new to, unfamiliar with or have lost touch with aspects of the industry

Course overview

In a nutshell reinsurance is best thought of as “insurance for insurance companies,” a way for a primary insurer to protect against unforeseen or extraordinary losses. It serves to limit liability on specific risks, to increase individual insurers’ capacity and to share liability when losses overwhelm the primary insurer’s resources. It also helps insurers stabilize their business in the face of the wide swings in profit and loss margins inherent in the insurance business.

However the industry is much more complex than one statement, professionals working within the industry are tending to specialise in one area and lose touch with the trends and challenges faced by this global business as a whole. Whether you are new to the industry or need to get back in touch with the dynamics of the industry as a whole, then this course is for you.

Why you should attend

The experienced seminar faculty will demystify all aspects of the industry that participants might be new to, unfamiliar with or have lost touch with.

Topics covered include:

  • Part 1: The building blocks – understand the need for reinsurance and it’s relevance to your role
  • Part 2: The reinsurance market – get-to-grips with the role of the reinsurance market and how it works
  • Part 3: Legal and regulatory framework – build your knowledge of how the industry is controlled and regulated
  • Part 4: Practical applications – Demystify the terminology and activities that are specific to the insurance industry

Who should attend?

  • Reinsurance company employees
  • Reinsurance broker company employees
  • Insurance company professionals
  • Lawyers in private practice
  • Regulators
  • Those who have recently joined the reinsurance industry
  • Suppliers to industry including software, recruitment and accountancy

Programme at a glance...

Introduction to the seminar

  • Types of reinsurance – facultative and treaty
  • Types of reinsurance treaties
  • Functions of reinsurance treaties

PART I: THE BUILDING BLOCKS

What is reinsurance? Its purposes and functions

Practical Workshop
Facultative reinsurance

PART II: THE REINSURANCE MARKET

The reinsurance international market

The reinsurance markets and the role of Lloyds

Run-off and commutations

Reinsurance brokerage and the role of the broker

PART III: LEGAL AND REGULATORY FRAMEWORK

The law of reinsurance – Introduction

The regulation of reinsurance

PART IV: PRACTICAL APPLICATIONS

Reinsurance agreements

PART IV: PRACTICAL APPLICATIONS

Reinsurance claims management

Elements of claims reserving

Underwriting and the role of the underwriters

Dealing with reinsurance disputes

Continuing professional development

This course qualifies for the following CPD programmes:

  • CPD certificate of attendance: 12.00 hours
  • Certificate: 12.00 hours

Book now

We do not currently have dates confirmed for this course; please contact us to be informed when it is scheduled; or to discuss running this course on an in-house basis for your staff.

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Previous customers include...

  • Alpha Sales Group
  • Ascot Underwriting Ltd
  • Aspen Insurance Ltd
  • Aspen Re
  • Axis Re Europe
  • Bell & Clements Ltd
  • Builders' Credit Reinsurance Company SA
  • CSC Financial Services
  • Elite Insurance
  • Elite Insurance Co Ltd
  • Financial Insurance Company Ltd
  • Freshfields Bruckhaus Deringer
  • Garant Versicherungs AG
  • Guy Carpenter & Company GmbH
  • Hiscox Insurance Co Ltd
  • Horten
  • Ingosstrakh ONDD Credit Insurance LLC
  • Lansforsakringar AB
  • LGT ILS Partners Ltd.
  • Lloyd's of London
  • MILLER INSURANCE ASSOCIATES
  • Miller Insurance Services LLP
  • Novae Group plc
  • Pacific Life Re Limited
  • Polskie Towarzystwo Reasekuracji SA
  • PT Asuransi Jasa Indonesia (Persero)
  • Sapiens
  • SCOR SE
  • Shell Finance Switzerland
  • Towers Watson (Re) Insurance Brokers Ltd

Easy to understand, even for a non-English specialist like me!

Michael Foerster, , Builders Insurance Holdings S.A.

Great course but the it's length could to be extended

Khalid Alhusain, Export Credit Insurance Specialist , Saudi Fund for Development- Saudi Export Program

Content was very informative, relevant and for the majority of the time was clear. I think it could benefit from some areas being explained in more simple terms.

Gemma Manning, , BAI Claims Services Limited

Easy to follow apart from a few technical areas (legislation) which were harder to understand. Speakers were friendly, interactive and spoke clearly.

Lucy Henry, Claims Technician, Amlin plc

Good quality content. Well and clearly presented.

Paul Lavender, Finance Director, Elite Insurance Co Ltd

Good. Some speakers were more lively then others. Most of the contents was relevant.

Christoffer Olsen, , Beta Re GmbH

Good job, presentation was good, maybe some of the speakers could speak more slowly.

Kristian Egebjerg Simoni, , Beta re