Fundamental of Reinsurance: How It Works and Mix & Match
16-17 July 2018 @Ayana MidPlaza Hotel, Jakarta
Facilitator : Delil Khairat, S.Si, MBA, ACII, AAAIK, FIIS
Level : Beginner
Scope : Basic knowledge
Learning Objective
To introduce basic concept of reinsurance and its relevance
To understand how various types and methods of reinsurance work individually
To understand how different types and methods of reinsurance can be combined to achieve certain strategic objectives.
Target audiences
Underwriter, claim handler, risk engineer, loss adjuster and non-technical staffs of insurer or reinsurer who want to gain knowledge on reinsurance
Junior staffs of insurers or reinsurers or brokers or regulator with no or limited knowledge of insurance
Student
Public
Pre-requisite : None
Part 1
1) Introduction to reinsurance
2) What is reinsurance
a. Definition
b. Function
3) Balanced portfolio: criterions
4) How reinsurers balance their portfolio
5) Why reinsurance: Spreading of risks/capacity, Capital, Expertise
6) History
7) Reinsurance market
8) Risk portfolio and its profile: personal vs commercial, homogenous vs heterogenous
Part 2
1) Types & methods of reinsurance
2) Overview
a. Types: Proportional, Non-proportional
b. Method/form: facultative vs treaty
3) Facultative
a. Proportional facultative: how it works
b. Non-proportional facultative: how it works
c. When facultative is used
d. Placement process
e. Example/exercise
4) Quota Share treaty
a. How QS works
b. When QS is used
c. Advantages vs disadvantages
d. Example/exercise
5) Surplus treaty
a. How Surplus works
b. QS and Surplus risk allocation compared
c. QS-cum-Surplus
d. When Surplus is used
e. Advantages vs disadvantages
f. Example/exercise
6) Facultative obligatory
7) Excess of loss treaty
a. How it works in general, how it differs from proportional
b. Per risk excess of loss: how it works
c. Per event excess of loss: how it works
d. Cat excess of loss treaty: how it works
e. Stop loss
Part 3
1) Important features:
2) Commissions: ceding commission, profit commission, overriding commission
3) Run-off vs Clean-cut
4) Risk attaching vs loss occurring during vs claim made/discovered
5) Reinstatement premium vs AAL
Part 4
1) Mix & match: using multiple types and methods of reinsurance on single risk or portfolio of risks
2) Why and how
3) Proportional solution
4) Non-proportional solution
5) Combined solution
Syllabus dan Formulir Pendaftaran terlampir
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