Course Overview
This course provides an in-depth exploration of treaty and facultative reinsurance structures, focusing on their key differences, benefits, and applications in risk transfer. Participants will gain technical knowledge on structuring reinsurance agreements, analyzing risk-sharing mechanisms, and understanding the regulatory and financial considerations of reinsurance contracts.
Course Duration
5 Days
Target Audience
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Reinsurance professionals and underwriters
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Insurance company executives and risk managers
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Actuaries and financial analysts in insurance firms
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Insurance brokers and intermediaries
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Compliance officers handling reinsurance regulations
Personal Impact
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Develop expertise in treaty and facultative reinsurance structures
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Improve decision-making in selecting the right reinsurance approach
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Enhance negotiation skills for reinsurance contracts
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Gain insights into financial and regulatory implications of reinsurance
Organizational Impact
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Improved risk management through effective reinsurance strategies
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Enhanced financial stability and capital efficiency
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Better regulatory compliance in reinsurance agreements
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Strengthened relationships with reinsurers and brokers
Course Level:
Course Objectives
By the end of the course, participants will be able to:
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Differentiate between treaty and facultative reinsurance structures
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Understand risk-sharing mechanisms in reinsurance agreements
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Assess the financial and regulatory considerations of reinsurance contracts
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Structure appropriate reinsurance solutions based on risk profiles
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Negotiate and manage reinsurance agreements effectively
Course Outline
Module 1: Introduction to Reinsurance and Risk Transfer
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Definition and purpose of reinsurance
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The role of reinsurance in risk management
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Key stakeholders in reinsurance transactions
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Overview of the global reinsurance market
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Case Study: The impact of reinsurance on insurance company solvency
Module 2: Treaty Reinsurance Structures
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Definition and key characteristics of treaty reinsurance
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Proportional treaties: Quota share and surplus treaties
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Non-proportional treaties: Excess of loss and stop-loss treaties
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Benefits and limitations of treaty reinsurance
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Case Study: Structuring a proportional and non-proportional treaty
Module 3: Facultative Reinsurance Structures
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Definition and key features of facultative reinsurance
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How facultative reinsurance differs from treaty reinsurance
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Advantages and disadvantages of facultative reinsurance
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Underwriting and pricing considerations in facultative placements
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Case Study: Evaluating facultative reinsurance for high-risk policies
Module 4: Financial and Regulatory Considerations in Reinsurance
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The financial impact of reinsurance on insurance companies
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Risk-based capital requirements and solvency considerations
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Regulatory frameworks governing reinsurance agreements
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Managing disputes and claims in reinsurance contracts
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Case Study: Analyzing reinsurance regulations across different markets
Module 5: Emerging Trends and Best Practices in Reinsurance
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Digital transformation and InsurTech in reinsurance
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Alternative risk transfer mechanisms (ILS, catastrophe bonds)
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The role of artificial intelligence in reinsurance underwriting
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Future challenges and opportunities in reinsurance markets
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Case Study: The impact of climate change on reinsurance structures
Related Courses
Course Administration Details:
METHODOLOGY
The instructor-led trainings are delivered using a blended learning approach and comprise presentations, guided sessions of practical exercise, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience, working as professionals and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.
ACCREDITATION
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
TRAINING VENUE
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
ACCOMMODATION AND AIRPORT PICKUP
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
TAILOR-MADE
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
PAYMENT
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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