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Understanding the Reinsurance Industry In-house Training

An intense but practical two-day programme that will enhance your knowledge of how the reinsurance industry works, how your role impacts the business, and give you a greater understanding of the industry's purpose and function.

★★★★★ "The speakers spoke very clearly and were very informative leaving plenty of time for questions. The ... more (9)"

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Format: Live online
CPD: 12 hours for your records
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Course overview

Put simply, reinsurance is best thought of as “insurance for insurance companies,” a way for a primary insurer to protect against unforeseen or extraordinary losses. It serves to limit liability on specific risks, to increase individual insurers’ capacity and to share liability when losses overwhelm the primary insurer’s resources. It also helps insurers stabilise their business in the face of the wide swings in profit and loss margins inherent in the insurance business.

However, the reinsurance industry is much more complex than one statement, professionals working within the industry are tending to specialise in one area and lose touch with the trends and challenges faced by this global business as a whole.

Whether you are new to the industry or need to get back in touch with the dynamics of the industry as a whole, then this reinsurance training course is for you.

Join our expert trainers for this highly-practical look at the reinsurance industry and its components. There will be plenty of time during the course to ask your questions and get clarity on issues affecting you and your business.

This training course is part of our Insurance & Reinsurance Contracts Training Courses collection which covers up to the minute issues and the latest legal developments.

Benefits of attending

The experienced faculty will demystify all aspects of the reinsurance industry that participants might be new to, unfamiliar with or have lost touch with.

Topics covered include:

Part 1: The building blocks – understand the need for reinsurance and its relevance to your role
Part 2: The reinsurance market – get-to-grips with the role of the reinsurance market and how it works
Part 3: The legal and regulatory framework – build your knowledge of how the industry is controlled and regulated
Part 4: Practical applications – Demystify the terminology and activities that are specific to the insurance industry

Who should attend?

This programme has been designed specifically for:

Reinsurance company employees
Reinsurance broker company employees
Insurance and reinsurance company professionals
Lawyers in private practice
Regulators
Brokers
Insurance and reinsurance consultants and advisers

Plus, those who have recently joined the reinsurance industry and suppliers to the industry including software, recruitment and accountancy personnel.

Phillippa Rowe
Phillippa Ross & Co

Phillippa Rowe, senior partner of independent reinsurance consultants Phillippa Ross & Co., has over 30 years experience of insurance and reinsurance claims in Lloyd’s and the London market and internationally. She began her reinsurance career with 15 years with the Kiln group at Lloyd’s. She currently acts as arbitrator, mediator, expert witness and technical consultant in a wide range of claims, wordings and market practice matters and writes, lectures and provides training courses on similar subjects.

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Simon Cooper
DWF

Simon is a consultant in the Global Speciality & Financial Risks team at DWF Law LLP. He has more than 35 years’ experience of advising clients in the London and international insurance and reinsurance markets and has extensive experience of acting in large scale disputes in England and Internationally. Simon also has comprehensive experience of mediation and other forms of Alternative Dispute Resolution.

Simon is a member of the IUA Clauses Subcommittee and past secretary of the International Bar Association's insurance committee. He edited the second edition of ‘Reinsurance Practice & the Law’ and writes and lectures frequently on legal issues. He is the current Lloyd's Members Ombudsman

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Richard Cook
PICC Solutions

Richard Cook is Managing Director of PICC Solutions. He was previously Head of Technical Adjusting at Charles Taylor Insurance Services and Head of Reinsurance at Xchanging Claims Services. He has over 37 years insurance claims experience in the Lloyd’s and London Insurance Company Market; joining Xchanging from a specialist Reinsurance Lloyd’s Managing Agency, where he was the Group Claims Manager. He has served on numerous major London Market claims committees and has appeared as a Fact Witness in coverage litigation before various United States Federal and State Courts. He has acted as an Expert Witness on London Market Claims Practice in the United States Federal Court in New York and in the High Court in London.

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David Brackenbury
David Brackenbury Associates

David Brackenbury has been working in the Lloyd’s Market since 1980. A Broker for 26 years, in 2006, David set up David Brackenbury Associates, a consultancy that brings experts in loss adjusting, forensic accounting, audit, compliance and investigative services from around the world to the Lloyd’s, London and European insurance marketplace. David is a Board Member of the Association of Insurance and Reinsurance Service Providers (AIRSP) and is a Practicing Associate of the Academy of Experts. David has been involved throughout his career with the negotiation and settlement of losses in the Lloyd’s, London and international insurance and reinsurance markets.

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Reviews of IPI's Understanding the Reinsurance Industry training course

The speakers spoke very clearly and were very informative leaving plenty of time for questions. The content was laid out very well, I particularly found Richards slides to be very easy to read and altogether I found the presentation to be very clear and easy to understand although I do think the timing was an issue in some parts.

Jun 6 2023

Ciaran Dempsey Ireland
Reinsurance Technician, Ffh Management

Oct 11 2023

I wanted to get an overview on the reinsurance industry. The majority of the topics covered were interesting to me. Phillippa took her time to answer all my questions and provide helpful insight based on her experience in the industry.

Samer Samara Luxembourg
Head of Operations, Barents Re

Apr 28 2016

Easy to understand, even for a non-English specialist like me!

Michael Foerster Luxembourg
Builders Insurance Holdings S.A.

Apr 29 2015

Great course but the it's length could to be extended

Khalid Alhusain Saudi Arabia
Export Credit Insurance Specialist , Saudi Fund for Development- Saudi Export Program

Apr 29 2014

Content was very informative, relevant and for the majority of the time was clear. I think it could benefit from some areas being explained in more simple terms.

Gemma Manning United Kingdom
BAI Claims Services Limited