This programme is suitable for:

• Reinsurance underwriters and brokers
• Liability and casualty underwriters
• Claims professionals handling long-tail business
• Those becoming involved in actuarial and reserving concepts reserving professionals
• Technical pricing analysts
• Risk managers seeking deeper understanding of liability exposures
• Insurance professionals transitioning from property to casualty classes

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It is particularly relevant for practitioners involved in treaty design, pricing, reserving, or portfolio management of casualty business.

At the end of the programme, participants should be able to:

• Differentiate between long-tail and short-tail classes
• Explain the reserving implications of IBNR and IBNER
• Analyse the impact of economic and social inflation on liability portfolios
• Distinguish between proportional and non-proportional reinsurance applications
• Interpret Excess of Loss pricing using Burning Cost methodology
• Understand the operation of Index Clauses and Severe Inflation Clauses

• Why Liability Differs from Property Insurance
• Core Liability & Casualty Classes
• Long Tail Dynamics: Reporting & Settlement Delays
• IBNR, IBNER and Claims Development
• Inflation: Economic vs Social / Superimposed Inflation
• Statistical Presentation: Annual vs Development (Ladder) Analysis
• Reinsurance Structures for Liability
• Key Clauses: Index Clauses & Severe Inflation Clauses
• Burning Cost Pricing for Excess of Loss

Peter Cave, based in the UK, is a regular lecturer for the Singapore College of Insurance, having spent the past 3 decades running very successful practical Reinsurance Courses in many major centres world-wide. He has over 40 years’ of working experience in the international reinsurance market, the majority of this time being with a leading international reinsurance broker.

He is the Senior Partner of The Confidence Partnership as well a Senior Lecturer for the Chartered Insurance Institute, United Kingdom. He has one overall aim when running courses – to make the complex understandable, the boring interesting and to convince attendees that Reinsurance is fun.

Full Course Fee: S$651.82 (inclusive of 9% GST)

Participants who register by 17 May 2026 will be entitled to a 10% Early Bird Discount.

A 10% Group Discount is also applicable for organisations registering a minimum of three participants.

Please note that the Early Bird and Group Discounts are not cumulative.

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Net Course Fee: S$472.42 (incl. of 9% GST and after 30% FTS funding)

For Singapore Citizens below 40 years old and Singapore Permanent Residents

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Net Course Fee: S$233.22 (incl. of 9% GST and after 70% FTS funding)

For Singapore Citizens aged 40 years old and above

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This course is recognised under the Financial Training Scheme (FTS) and is eligible for FTS claims subject to all eligibility criteria being met.

Please note that in no way does this represent an endorsement of the quality of the training provider and course. Participants are advised to assess the suitability of the course and its relevance to his/her business activities or job roles.

The FTS is available to eligible entities based on the prevalent funding eligibility, quantum and caps.  FTS provides up to 70% course fee subsidy support for direct training costs subject to a cap of S$500 per candidate per course subject to all eligibility criteria being met.

Find out more on www.ibf.org.sg.