• Reinsurance Practitioners with 3 to 5 years of work experience.
• Reinsurance Executives in Insurance companies wishing to gain a better understanding of the meaning and application of the various types of treaty wordings and clauses.

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

• Confidently and effectively check and/or prepare Reinsurance documentation.
• List and explain the purpose and implications of the key Clauses.
• Describe the additional Clauses/Conditions necessary to achieve Contract Certainty.
• Apply the relevant knowledge and skills to workplace situations involving the drafting, preparation and checking of Reinsurance contracts.

• Basic issues involved in checking &/or drafting Reinsurance documentation.
• The importance of a professional offer document and Contract Certainty.
• The changing styles of Reinsurance documentation.
• Treaty Wordings:
  • Purpose, implications, including a look at variations of all the core clauses in typical Non-Proportional and Proportional Contracts – including but not exclusively.
• Non-Proportional:
  • Operative Clause
  • Ultimate Net Loss
  • Period Of The Agreement
  • Net Retained Lines
  • Ultimate Net Loss
  • Exclusions
  • Cover And Deductible
  • Hours Clause
  • Premium
  • Rights of Third Parties
  • Law and Jurisdiction
  • Security Downgrade Clause
  • Liquidation Clause.
• Proportional - where do they differ from Non-Proportional wordings – including:
  • Operative Clause
  • Period Of The Agreement
  • Premium, Commission and Profit Commission - Submission of Accounts
  • Claims Notification Procedure
  • PLA/Cash Loss
  • Portfolios’
  • Reserves.
• Other Specific Clauses:
  • Cut Through Clause
  • Interlocking Clause
  • Follow The Settlements Clause
  • Currency Fluctuation
  • And/or as original
  • No third party rights
  • Truth of statements
  • ECO / Excess of Policy.

Peter Cave has over 40 years’ of working experience in the international reinsurance market, the majority of his time being with a leading international reinsurance broker.

Full Course Fee: S$1,303.64 (incl. of 9% GST)

Net Course Fee: S$944.84 (incl. of 9% GST and after 30% FTS funding) for Singapore Citizens below 40 years old and Singapore Permanent Residents

Net Course Fee: SS$803.64 (incl. of 9% GST and after 70% FTS funding) for Singapore Citizens aged 40 years old and above