Reinsurance

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What you will learn:

Participants will acquire an understanding of five forms of traditional P&C reinsurance including their characteristics, functions, pricing, advantages and disadvantages. The financial impact of reinsurance will be analyzed through case studies and a review of reinsurance accounting. Legal considerations, including a review of reinsurance contracts, also will be discussed as well as a detailed review of regulatory reporting of reinsurance.

Seminar content:

• Functions of reinsurance
• Forms of reinsurance
  • Quota share
  • Surplus share
  • Excess of loss
  • Catastrophe
  • Stop loss
• Legal aspects of reinsurance agreements
• Reinsurance accounting - statutory and GAAP
  • Transfer of risk guidelines
• Schedule F and other Annual Statement disclosures
  • Statutory reinsurance supplemental filings

Who Should Attend:

Anyone who desires an understanding of the uses and financial effects of reinsurance will benefit from this seminar.

Prerequisites:

No advance preparation or prerequisite is required for this intermediate level seminar. However, experience in P&C insurance accounting and reporting will be useful.

Class Times:

Class begins at 8:30 a.m. and ends at 5:00 p.m. except on the last seminar day which adjourns at 12:15 p.m.

Estimated CPE Credit: 20.0 hours

Tuition: $1795

Upcoming seminar dates and locations:

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