Presented by
Falconbury

Understanding the Reinsurance Industry

Through this *in-house* programme you can enhance your knowledge of how reinsurance works, and how your role impacts the business, for those new to, unfamiliar with or have lost touch with aspects of the industry

Find out more

  • Format: Bespoke training
  • CPD: 12 hours for your records (depending on your requirements)
  • Certificate of completion

Course overview

In a nutshell 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 stabilize their business in the face of the wide swings in profit and loss margins inherent in the insurance business.

However the 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 programme is for you.

Why you should attend

The experienced trainers will demystify all aspects of the 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 it’s 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: 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 is this programme for?

  • Reinsurance company employees
  • Reinsurance broker company employees
  • Insurance company professionals
  • Lawyers in private practice
  • Regulators
  • Those who have recently joined the reinsurance industry
  • Suppliers to industry including software, recruitment and accountancy

Programme at a glance...

Introduction to the seminar
  • Types of reinsurance – facultative and treaty
  • Types of reinsurance treaties
  • Functions of reinsurance treaties

PART I: THE BUILDING BLOCKS

What is reinsurance? Its purposes and functions

Practical Workshop
Facultative reinsurance

PART II: THE REINSURANCE MARKET

The reinsurance international market

The reinsurance markets and the role of Lloyds

Run-off and commutations

Reinsurance brokerage and the role of the broker

PART III: LEGAL AND REGULATORY FRAMEWORK

The law of reinsurance – Introduction

The regulation of reinsurance

PART IV: PRACTICAL APPLICATIONS

Reinsurance agreements

PART IV: PRACTICAL APPLICATIONS

Reinsurance claims management

Elements of claims reserving

Underwriting and the role of the underwriters

Dealing with reinsurance disputes

Nicholas Berry

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David Brackenbury

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Richard Cook

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Michael G. Cook

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Simon Cooper

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Phillippa Rowe

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Ed Stanley

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David Vaughan

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Peter Wedge

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We don't have any currently scheduled dates for this course but we can customise it to your requirements and deliver it on an in-house basis for any number of your staff or colleagues.

See below or contact us to discuss your requirements.

Reviews of IPI's Understanding the Reinsurance Industry training course


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

Apr 28 2016

Michael Foerster
Builders Insurance Holdings S.A.

Apr 29 2015

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

Khalid Alhusain
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
BAI Claims Services Limited

Apr 29 2014

Easy to follow apart from a few technical areas (legislation) which were harder to understand. Speakers were friendly, interactive and spoke clearly.

Lucy Henry
Claims Technician, Amlin plc

Apr 29 2014

Good quality content. Well and clearly presented.

Paul Lavender
Finance Director, Elite Insurance Co Ltd

Apr 30 2013

Good job, presentation was good, maybe some of the speakers could speak more slowly.

Kristian Egebjerg Simoni
Beta re

Apr 30 2013

Good. Some speakers were more lively then others. Most of the contents was relevant.

Christoffer Olsen
Beta Re GmbH

UK

  • Amlin plc
  • ASCOT UNDERWRITING LTD
  • BAI Claims Services Limited
  • Bell & Clements
  • Bell & Clements Ltd
  • Canopius Services Ltd
  • Clyde & Co LLP
  • Corporation of Lloyd's
  • Crispin Speers and Partners
  • CSC Financial Services
  • Elite Insurance Co Ltd
  • Elite Insurance Company Limited
  • Execution Noble Ltd
  • Freshfields Bruckhaus Deringer
  • Hiscox
  • Hiscox Insurance Co Ltd
  • Lloyd's
  • Lloyd's of London
  • MILLER INSURANCE ASSOCIATES
  • Miller Insurance Services LLP
  • Novae Group plc
  • Pacific Life Re Limited
  • PRO Insurance Solutions
  • PRO Insurance Solutions Ltd
  • RFIB Group Ltd
  • Sapiens
  • SCOR SE
  • Sidley Austin LLP, Solicitors
  • Towers Watson (Re) Insurance Brokers Ltd
  • TransRe
  • Twelve Capital

Switzerland

  • Aspen Insurance Ltd
  • Aspen Re
  • Axis Re Europe
  • LGT Capital Management Ltd.
  • LGT ILS Partners Ltd.
  • Shell Finance Switzerland

Denmark

  • Alpha Sales Group
  • Beta re
  • Beta Re GmbH
  • Horten

Luxembourg

  • Builders Insurance Holdings S.A.
  • Builders Reinsurance S.A.
  • Builders' Credit Reinsurance Company SA

Austria

  • Garant Versicherungs AG

France

  • SCOR SE

Germany

  • Guy Carpenter & Company GmbH

Italy

  • Financial Insurance Company Ltd

Latvia

  • The Motor Insurers' Bureau of Latvia

Poland

  • Polskie Towarzystwo Reasekuracji SA

Russia

  • Ingosstrakh ONDD Credit Insurance LLC

Saudi Arabia

  • Saudi Fund for Development- Saudi Export Program

Sweden

  • Lansforsakringar AB

Multiple colleagues?
Talk to one of our training experts to discuss how to:

Run this course conveniently and cost-effectively in-house for your staff and colleagues

Aleksandra BEER
Training expert

+44 (0)20 7749 4749

inhouse@ipi.academy