Open Course - 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.
Course price:
£250 + VAT
Course Introduction
Note: This course is for attendance of 2 sessions each of 3 hours that are held on different days. Delegates are to attend both dates and both sessions of 3 hours. Each session will be 9.30 am – 12.30 pm (England, London).
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.
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.