Overview
Foundations of Reinsurance & Market Dynamics
- Functions of reinsurance and capital management
- Rating of reinsurers and security evaluation
- Role of reinsurance brokers in placement and structuring
- MGA
Proportional Treaties I: Quota Share Structures
- Mechanics of Quota Share treaties
- QS as a strategic tool for solvency and financial relief
- Problem Solving
Proportional Treaties II: Surplus & Portfolio Design
- Surplus treaties and graded retention frameworks
- Role of PML and Event Limits in line sizing
- Practical surplus treaty problem-solving
Non-Proportional Treaties I: Core Structures & Mechanisms
- Risk XL, CAT XL, and Stop Loss structures
- Layering design and Inuring Benefit
- Hours Clause
Non-Proportional Treaties II: Reinstatements & Execution
- Reinstatement mechanisms
- Calculation of reinstatement premiums
- Practical problem-solving for complex XL scenarios
Non-Proportional Treaty Pricing & CAT Modelling
- Experience rating vs. exposure rating methodologies
- Interpreting and applying CAT modelling reports (OEP/AEP, return periods)
- Incorporating model output into treaty attachment and limit sizing
Treaty Wordings: Proportional & Non-Proportional Slips
- Standard proportional slip wording, exclusions, and commission clauses
- Non-proportional wording clauses (Ultimate Net Loss, Indexation, Claims Cooperation)
- Resolving contractual ambiguity
Line-Specific Treaty Architectures
- Property treaty structures (CAT exposure, risk profiles)
- Engineering portfolio treaty features (multi-year risks, testing/commissioning)
- Liability portfolio structures (claims-made vs. occurrence, long-tail dynamics)
Reinsurance Accounting & Financial Settlements
- Clean-cut accounting vs. underwriting-year accounting
- Premium and loss reserve accounting
- Commission Calculations
- Statements of accounts and cash calls
Reinsurance Renewal Pack Preparation & Strategy
- Key data components of an underwriter-ready renewal pack
- Profiling exposure data, historical triangulations, and large-loss profiling
- Managing reinsurer roadshows and negotiating terms
Facultative Reinsurance: Proportional & non-proportional
- Proportional and non-proportional facultative mechanics
- Key slip wording clauses and special acceptances
- Interplay between facultative placements and treaty protections
