This course explores the purpose and types of reinsurance. You will learn the terminology required when dealing with reinsurance and also about the operation of reinsurance in a business. This course is suitable for those new to the subject of reinsurance, with experience or not, and both front line and support staff.
Introduction to Reinsurance
- The purpose of reinsurance
- Reinsurance terminology
- Proportional reinsurance
- Non-proportional reinsurance
- The operation of Reinsurance Pools
- Reinsurance clauses
Reinsurance Practical Simulation
This interactive and innovative course brings reinsurance to life using practical simulations and relatable examples. Attendees explore purpose and types of reinsurance, demystify the jargon associated with reinsurance and build their confidence in applying practical and commercial reinsurance principles. This course is suitable for those new to the subject of reinsurance, with experience or not, and both front line and support staff.
As part of this course, participants will participate in a physical Reinsurance simulation game. Working in teams, participants navigate the full placement process — from assessing reinsurance needs to building broker submissions and negotiating market terms. Along the way, they’ll balance reinsurer ratings, pricing, claims expertise and risk committee preferences to create the most effective programme. Watch the video below to learn more.
This is one of our practical simulations. To learn more about our technical data-driven simulations, (including our Reinsurance Simulation ‘ReAction’) click here.