Principles of Reinsurance ON DEMAND

Overview

Principles of Reinsurance begins with a discussion of the origins and history of reinsurance in the life insurance and property and casualty industries. It examines the types of reinsurance available in the current market and their uses in enabling management to achieve particular objectives. The customary reinsurance agreements and their specific applications are discussed. The operation of reinsurance is examined with respect to claims payment, changes in risk, duration of agreements, experience rating, supplementary coverages and substandard issues, and the factors typically considered in a primary insurer’s establishment of retention limits are discussed. In conclusion, the current reinsurance environment is examined and the regulation of reinsurance is discussed.

Highlights

Introduction to Reinsurance. Types of Life and Property and Casualty Reinsurance. Purpose Reinsurance. Agreements Facilitating Reinsurance. Reinsurance in Operation. Reinsurance Regulation.

Prerequisites

None.

Designed For

CPAs, auditors, consultants, and financial and managerial professionals.

Objectives

Describe the historical context in which reinsurance operates. Differentiate the types of reinsurance available in the marketplace and their purposes. Identify the typical reinsurance agreements and their application. Explain the operation of reinsurance with respect to claims payment, risk changes, experience rating, supplementary coverages and substandard issues. Describe the factors that influence a primary insurer’s establishing of retention limits. Recognize the reinsurance environment, its regulation and vocabulary. List the possible use of reinsurance to finance life insurance company demutualization, mergers and acquisitions.

Preparation

None.

Notice

None.