Reinsurance 2: Beyond the Fundamentals

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What You Will Learn:

Participants will gain an understanding of more complex P&C reinsurance treaty features and accounting issues. This will include a discussion of the interrelationships of multiple reinsurance agreements, a look at specific contract features, an examination of certain reinsurance contract provisions, and a discussion of reinsurance accounting and reporting requirements.

Seminar Content:

• Review of reinsurance
• Inuring reinsurance relationships
• Discussion of coverage variations and contract features
  • Commissions - flat, contingent, sliding scale
  • Options for contract inception and termination
  • Contract limits - per occurrence, aggregate, premium caps
  • Reinstatements
• Overview of pricing, exposure and experience rating, catastrophe modeling
• Facultative reinsurance
• Design and adminstration of a reinsurance program
• Reinsurance contract provisions
• Reinsurance accounting issues related to
  • Prospective and retroactive reinsurance
  • Risk transfer and deposit accounting
  • Financial statement presentation
  • Prepaid reinsurance
  • Minimum and reinstatement premiums
  • Contract termination
  • Novations and run-off agreements
• Annual Statement disclosures other than Schedule F
• Statutory notes, interrogatories, supplemental filings

Field of Study: Accounting

Who Should Attend:

Anyone who desires a more in-depth understanding of the uses, financial effects and reinsurance accounting issues will benefit from this seminar.

Prerequisites:

Experience in P&C insurance accounting and reporting will be useful as will an understanding of the fundamentals of reinsurance as provided by the Reinsurance 1 seminar conveniently scheduled to precede this seminar. No advance preparation or prerequisite is required for this intermediate level seminar.

Class Times:

Class begins at 8:30 a.m. and ends at 5:00 p.m. on the first day and at 12:15 p.m. on the second day.

Estimated CPE Credit: 12.0 hours

Tuition: $1395

Note(s):

The combined tuition if both the Reinsurance 2: Beyond the Fundamentals and the Reinsurance 1: Fundamentals seminars are taken together is $2,490, a $400 savings.

Upcoming seminar dates and locations:

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