• Identify the main methods and types of reinsurance
• Appreciate and understand the purpose of reinsurance
• Gain awareness of advantages, disadvantages and principal the main methods of reinsurance
• Understand the legal relationships that exist between the insured, insurer and reinsurer

The course will utilize lectures with presentations and interactive class discussion. Trainees will also be encouraged to brainstorm ideas during seat works/activities.

• Introductions and Purpose of Reinsurance
• Types and Major Categories of Reinsurance (Property Reinsurance, Liability Reinsurance, Marine And Aviation Reinsurance, Life Reassurance)
• Methods and Types of Reinsurance Contracts (Facultative Reinsurance, Treaty Reinsurance, Facultative Obligatory Treaty, Proportional treaties, Quota share treaties, Surplus treaties, Excess of loss treaty, Stop loss treaty)
• Proportional Reinsurance techniques
• Administration of Reinsurance and Proportional Treaty models
• Financial conditions and Elements of Proportional Reinsurance techniques
• Concepts and functionalities of non-proportional reinsurance
• How to undertake Risk Analysis
• Facultative risks
• Net retention and Capacity
• Reinstatements
• Excess of Loss – Working Per Risk
• Excess of Loss – Catastrophe
• Excess of Loss Cover (Financial Aspects and Excess of Loss Rating)
• Stop Loss
• Reinsurance Retention Decision (Relevant Factors, Past Data, Mathematical Models)
• Common Reinsurance Clauses (Cut through Clause, Follow the Fortune Clause, Set off Clause, Currency Clause, Accounting Clause, Hours Clause)
• Alternative Risk Transfer (ART)
• Finite Reinsurance
• Insurance Risk Securitization – CAT Bonds
• Insurance Derivatives – Futures, Options, Swaps
• Reinsurance Accounting & Management
• International markets
• Role of Broker in Reinsurance Market