Principles of Reinsurance

  • Credits: 3
  • Format: Self-Study eBook
  • Field of Study: Specialized Knowledge
  • Author/Speaker: Paul J. Winn
Course ID: Advanced Preparation: Experience Level:
PW-812.21 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© July 2020 General Understanding of Insurance N/A
COURSE DESCRIPTION

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.

Learning Objectives:

After reading the course material, you will be able to:

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

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA