Reinsurance Deep Dive and Case Study

Description

This course starts with a recap of the principles of reinsurance. We then dig in to specific wordings to demonstrate how they work.

What you will learn

Reinsurance re-cap

Reinsurance policy wordings
• Risks attaching
• Losses occurring
• Hours clause
• Indexation clauses
• Capitalisation clauses
• Claims clauses
• Payment clauses
• Law and dispute
• Access to records / inspection of records
• Underwriting policy
• Errors and omissions
• Extra contractual obligations
• Insolvency
• Offset
• Interlocking clause
• Sanction clause

Underwriting considerations
• Property
• Loss experience
• Exposure
• Frequency and severity
• Catastrophe models
• Casualty
• Loss experience
• Exposure
• Frequency and severity
• Modelling?
• Indexation

Rating of proportional and non-proportional accounts

Important features
• Ultimate net loss
• Reinstatement. calculation
• Unlimited reinstatements
• Automatic reinstatements
• Composition of premium
• Fixed premium
• Adjustable premium
• Number of reinstatements
• Inflation
• Currency fluctuation
• Indexation and capitalisation
• Maximum possible loss
• Estimated maximum loss
• mpl and eml: regulation
• Lloyd’s
• The effect upon insurer’s retention

Personal accident insurance and reinsurance
• Features of pa insurance:
• Known accumulations
• Group personal accident
• Travel
• Case study

Specialty and wholesale insurance / reinsurance
• Underwriting
• Cyber
• silent cyber
• Capital

Further information

London Market Training
Provider:
London Market Training
Duration:
3 Hours
Price:
POA
Availability:
On demand
Course type:
Classroom
Locations:
London

Contact Information

London Market Training

Southcourt Farmhouse
37 Southcott Village
Leighton Buzzard
LU7 2PS