In House - Webinar

Understanding Reinsurance Claims

This intermediate-level course is for reinsurance claims practitioners aiming to deepen their grasp of fundamental reinsurance policy terms. These insights will play a pivotal role in shaping the recovery process for facultative, proportional, and non-proportional reinsurance claims.
Duration:
6 hours
Max delegates:
10

Course price:
£1300 + VAT

Course Introduction

This intermediate-level course is for reinsurance claims practitioners aiming to deepen their grasp of fundamental reinsurance policy terms. These insights will play a pivotal role in shaping the recovery process for facultative, proportional, and non-proportional reinsurance claims.

The course commences with a review of the concepts of facultative, proportional, and non-proportional reinsurance and the underlying motivations for obtaining these types of reinsurance.  We then delve into an examination of coverage and its practical application through real-world claims scenarios.

This course is split between 2 x 3 hour sessions. Each session will be on a different day. Delegates are to attend both sessions.

Course Objectives

By the end of the webinar delegates will be able to:

  • Understand the need for facultative reinsurance
  • Understand the need for Treaty Proportional reinsurance
  • Understand the need for Treaty Non-Proportional reinsurance
  • Apply claims scenarios to facultative reinsurance claims scenarios
  • Apply claims scenarios to Treaty Proportional claims scenarios
  • Apply claims scenarios to Treaty Non-Proportional claims scenarios

Course Content

  • A quick recap of what facultative reinsurance is and why buy it
  • A quick recap of what proportional reinsurance is and why buy it
  • A quick recap of non-proportional reinsurance is and why buy it

We will introduce and apply claims scenarios to:

  • Facultative reinsurance – follow clauses and follow the fortunes.
  • Proportional reinsurance – quota share
  • Proportional reinsurance – surplus lines
  • Non proportional reinsurance – CAT XL
  • Non proportional reinsurance – top and drop
  • Non proportional reinsurance – clash cover
  • Non proportional reinsurance – stop loss
  • Non proportional reinsurance – XS of loss
  • Non proportional reinsurance – aggregation
  • Non proportional reinsurance – indexation & capitalisation.
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Open dates

Course name Topic Environment Duration Price Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Understanding Reinsurance Claims
Insurance, Intermediate Insurance
Webinar
6 hours
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