• Staff in reinsurance companies who support the underwriting, technical accounting and claims functions in their organisations.
• Other non-operational support staff working in reinsurance companies.
• Support staff working in reinsurance broking firms.
• Staff in reinsurance departments of direct insurance companies who support the placement, technical accounting and claims functions.
• Staff of regulatory bodies who need to understand the principles and practical applications of reinsurance.
• New entrants to the insurance and reinsurance industry.

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

• The concept of risk, insurance and reinsurance, benefits and limitations of reinsurance and the fundamental legal principles of insurance/reinsurance.
• The reinsurance market.
• The forms of reinsurance.
• Sum insured allocation at risk inception and loss recovery allocation in the event of a claim.
• Advantages and disadvantages of facultative reinsurance as well as the process of arranging facultative reinsurance.
• The workings of the various types of proportional and non-proportional treaties and their differences.
• Reinsurance accounting.
• Contract wordings.
• Life reassurance.
• Office practice and procedure in relation to reinsurance.
• The contract certainty principles and guidelines as outlined by the Monetary Authority of Singapore.

• Introduction to reinsurance.
• The reinsurance market.
• Forms of reinsurance.
• Facultative Reinsurance.
• Proportional Treaties.
• Non-Proportional Treaties.
• Reinsurance accounting.
• Contract wordings.
• Life Reassurance.
• Office practice procedure.

Bernard Lee has more than 20 years of experience in the reinsurance industry focusing on the underwriting and management of treaties in the region. He is currently Head of Compliance of a reinsurance broking company dealing with both regulatory and operational compliance matters in the company.

Full Course Fee: S$1,242.60 (incl. of 9% GST)

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Net Course Fee: S$900.60 (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$742.60 (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.