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.