This 5 course program is designed to give reinsurance and insurance professionals a thorough understanding of the relationship between reinsurance and insurance, the reinsurance business and the types and structure of reinsurance, and familiarity with primary insurance company exposures and coverages. Included is an intensive study of loss reserving, reinsurance audits, statutory accounting, financial analysis, reinsurance program design and reinsurance contract wording and pricing.

Students will gain an enhanced understanding of reinsurance terms and pricing, reinsurance treaties, and facultative certificates. They will also develop the necessary skills to design a reinsurance program. For reinsurance professionals working outside the U.S., earning the ARe designation will help to better understand the U.S. market.

Benefits              

• develop comprehensive, highly qualified knowledge of reinsurance 
• obtain the internationally recognized Diploma of The Institutes
• enlarged overview on reinsurance topics worldwide
• secure advantage in discussions around reinsurance contracts due to sound technical knowledge
• increased productivity thanks to precise technical agility
• improved ability to rate and use risk financing techniques increase of your career development opportunities
• qualify yourself to take on more challenging and interesting work
• extend your language skills and knowledge of reinsurance technical terms 
• Make new contacts with others and benchmark yourself in a group of professionals
• Gain membership within the Alumni - Network of the Insurance Institute of Switzerland

Who should attend       

Everyone working with reinsurance contracts, Underwriters, Claims Specialists, Internal Audit and Accounting employees.
Auditors of reinsurance companies, Employees of reinsurance departments within an Insurance Company and Reinsurance Brokers.

Courses overview

• Self-study: Primary Insurance Coverages, Modul ARe 143: Understand the fundamentals of personal and commercial insurance.
• Seminar class: Reinsurance Principles and Practice, Modul ARe 144: Understand how reinsurance concepts directly apply to our industry.
• Online Reading: Texts on Reinsurance Topics, ARe 145: Understand how reinsurance concepts directly apply to our industry.
• Seminar class: Insurance Operations, CPCU 520: Understand how property-casualty insurance functions work together to create and deliver products.
• Evening class: Risk Transfer, ARM 56: Understand the various types of risk financing techniques. 
• Online Learning: Ethical Guidelines for Insurance Professionals

Course Materials

• Text book, course guide and exam preparation tool online for all modules unless ARe 145 and Ethic which are online modules
• extra material for each module and chapter held in class
• full day seminars for CPCU 520 and ARe 144
• evening classes for ARM 56, 2-3 hours per chapter
• extra exercises provided for the exam preparation - online and hard copy
• full day exam preparation seminar for each module in class

Exam Type         

• 65-75 Multiple Choice questions after completion of each module. Time prearranged over the IIS: 2 hours per exam
• electronic certificate per module that has been passed successfully
• online multiple choice exam after completion of the ethic module. Time individually chosen by the student

Costing overview

• Self-study: books module ARe 143, books: approx. CHF 466; exam: approx. CHF 305, no member discounts, the costs include freight and handling charges and VAT.
• Seminar classes: ARe 144 and CPCU 520, per module: CHF 3'450 for IIS members and CHF 4'250 for non-members,
  The course fees include teaching material, a single exam fee, additional material, 4 days of classroom coaching and exam preparation in class and online. In Addition, the IIS has designed and embedded a special day on European reinsurance specifics and industry issues of the future.
• Online Reading: ARe 145: approx. CHF 400, must be booked directly via the The Institutes
• Evening class: ARM 56, Risk Financing, module costs: CHF 2'850.00 for IIS members and CHF 3'150 for non-members,
  The course fees include teaching material, a single exam fee, additional material, 11 course evenings, exam preparation in class as an additional seminar day and online. Attention: This version of ARM will be held a last time as from January 2020 onwards. After that we will adapt the text and the module along the new version of ARM which is slightly different in the point of view: ARM 402: successfully treating risk. We plan to start this new version of ARM as from Oktober 5th, 2020.

Diploma

Associate in Reinsruance, ARe Diploma from The Institutes and invitation to the Diploma Conferment with the Insurance Institute of Switzerland.