Understanding Reinsurance Claims

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.