Reinsurance Principles and Practices is one of the modules of the Associate in Reinsurance Diploma. The content of the 15 assignments provide the students with a comprehensive overview of reinsurance and enable them to optimize reinsurance programs by learning how to effectively use the various types of reinsurance treaties.

Reinsurance Principles and Practices teaches how to build a better book of business through an enhanced understanding of reinsurance terms and pricing, reinsurance treaties and facultative certificates.

Benefits

• Consolidated knowledge of reinsurance types and common reinsurance treaty clauses
• Gain in broad technical skills in reinsurance contract design
• Increased capability to effectively use the various types of reinsurance treaties
• Ability to rate financial risk more precise
• Detailed understanding of contracts to analyze and evaluate claims correctly

Target group

• Reinsurance Underwriters, internal Audit and Accounting professionals
• Claim adjusters
• Finance and accounting personnel
• Reinsurance Brokers

Topics

• Introduction to reinsurance
• Types of reinsurance and reinsurance program design
• The reinsurance placement process
• Common reinsurance treaty clauses
• Quota share treaties
• Surplus share treaties
• Property per risk excess of loss treaties
• Casualty excess of loss treaties
• Catastrophe reinsurance
• Aggregate excess of loss treaties
• Reinsurance audits
• Reinsurance regulation
• Reinsurance aspects of the NAIC annual statement
• Loss reserving methods

To expand the use of this key program in Reinsurance training landscape we created a Supplementary Seminar Day on European Aspects in Reinsurance Underwriting

• ARe 144 in comparison to European reality
• Comparison of market regulation and survey systems in Europe and Basic Differences between the Financial Statement Reporting
• Additionally we dare to touch the future: Reinsurance in 5 - 10 years...
  • Big Data and Data mining
  • Automated Underwriting
  • Blockchain 
  • and finally: First- and Reinsurers in the view of public opinion 

Please note: These supplementary topics are not exam relevant. Eugen Balogh will be your coach for this day seminar.

Learning Design

Blended Learning Design: this means that we offer different learning “channels” to enable a flexible and effective study success. Like this you will be well prepared for the exam and the application of the content on the job.
Students are expected to prepare classes by reading the relevant texts for the four seminar days, additionally there will be mini case studies either in or after class to follow up and deepen the skills. An online exercising tool will allow checking the progress and giving opportunity to track knowledge gaps.

Course time:

Details on the precise dates can be looked up in the overview of the course planning.

Course material

Text book, course guide and online exam preparation tool
Extra documentation, exercises and supplementary literature
One Exam

Exam

We will register you for the next possible exam date after completing the module unless you arrange for a replacement date. Exams may be repeated.

Exam dates for paper and pen exams are always on the first Monday (or Tuesday) in March, June, September or December. The registration deadline is 7 weeks before the official exam which is therefore on 12 of January, 12 of April, 12 of July or 12 of October.

Certificate

Electronic Certificate for passing the ARe 144, exam ARe designation and invitation to the celebration of the successful passers of exams at the IIS.