Reinsurance Programming and Strategies (P190528FGL)

Creating a Reinsurance Program for Insurance Company is a strategic decision. While Insurance Companies are good at suggesting Risk Management solutions to their clients, managing their own risk is more often tried to be achieved by Regulatory compliance.

Reinsurance is one of the most effective tools available with an insurer to transfer part of the risk that they have accepted from their clients. This Program is aimed at helping insurers, brokers and consultants develop strategies to optimize reinsurance purchase. It starts with understanding how to set retentions, using PML as a tool for maximizing capacity, understanding reinsurance solutions from PML bust situations, identifying limits for purchasing, creating a right mix of quota share, Surplus, Risk XL, Cat XL and Stop Loss solutions. The course will also highlight importance of accumulation monitoring and proper data capture for getting the most appropriate quotation.  Pricing techniques used by reinsurers will also be dealt with.

The course will make learning an interactive experience for the participants by making the participants through group work solve real life reinsurance problems.

Start: Thursday, 15 October 2020

End: Friday, 16 October 2020

09:00 AM - 17:00 PM
Virtual Training

Early Bird before 02 October

S$ 500

After FTS 95% Grant

S$ 60 Net to IG (incl. of $35 GST)

Overseas Based

S$ 530

Normal Registration

S$ 909.50

The course fee is eligible for Skill Future Credit claims.

Course Overview

Creating a Reinsurance Program for Insurance Company is a strategic decision. While Insurance Companies are good at suggesting Risk Management solutions to their clients, managing their own risk is more often tried to be achieved by Regulatory compliance.

Reinsurance is one of the most effective tools available with an insurer to transfer part of the risk that they have accepted from their clients. This Program is aimed at helping insurers, brokers and consultants develop strategies to optimize reinsurance purchase. It starts with understanding how to set retentions, using PML as a tool for maximizing capacity, understanding reinsurance solutions from PML bust situations, identifying limits for purchasing, creating a right mix of quota share, Surplus, Risk XL, Cat XL and Stop Loss solutions. The course will also highlight importance of accumulation monitoring and proper data capture for getting the most appropriate quotation.  Pricing techniques used by reinsurers will also be dealt with.

The course will make learning an interactive experience for the participants by making the participants through group work solve real life reinsurance problems.

Training Agenda

  • Remastering the basics (Facultative/Treaty, Proportional/Non-Proportional)
  • Setting Retentions.
  • PML/EML
  • Treaty Structures
  • Pricing – Proportional Treaties
  • Pricing – Non Proportional Treaties
  • Data Requirement for Reinsurance Treaty quotation
  • CAT modelling.
  • Important clauses used in treaty and facultative reinsurance.
  • Reinsurance Case Studies and problems.
  • Developing a reinsurance program for a multiline insurer.

For Whom

  • This is an Advanced level workshop, designed for Insurers, Brokers, Reinsurers and reinsurance consultants.
  • This objective of this workshop is to introduce the participants to the process of reinsurance programming and identifying a strategy that produces the most value for the company.
  • This workshop is run using trainer-led sessions and case studies.
  • Participants should have prior knowledge of the basics of reinsurance and ideally should have 4 to 5 years of work experience of some area of reinsurance.

Facilitator

Atmaram Cheruvu

  • Atma, is a senior Reinsurance specialist.
  • Atma has worked for nearly 30 years in the non-life insurance industry in Senior Management positions. He was Head (Property & Casualty) & Chief Underwriting officer for Hannover Re  in India. He was also a member of the Branch Steering Board.
  • He has also worked with Sompo Japan & Royal & Sun Alliance.
  • Atma has worked as a buyer as well as seller of reinsurance in South Asia and ASEAN Region.
  • Atma has been extensively trained in North America, Europe & Asia in fields of Reinsurance, Insurance & Risk Management.