• Reinsurance Practitioners with 3 to 5 years of work experience.
• Other Practitioners who wish to gain a better understanding of the technical fundamentals involved in the preparation of reinsurance accounts.

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

• Distinguish between the different concepts and terminologies applied in Facultative, Proportional and Non- Proportional Reinsurance accounts.
• Apply relevant knowledge and skills to confidently and accurately check, process and prepare the various types of accounts documents.

• An Overview of Reinsurance Concepts.
• Technical Account:
  • Proportional & Non-Proportional Facultative;
  • Proportional Treaty:
    • Accounts Period Terminology - Underwriting Year, Accounts Year, etc.
    • Premium Basis – OGP / ONP
    • Premium and Loss Portfolios
    • Unearned Premium and Outstanding Loss Reserve Provisions
    • Basic Methods of Processing the Accounts
    • Commissions and Profit Commissions
    • Cash Loss – PLA’s
  • Non-Proportional Treaty:
    • Period of Cover – LOD, RAD, LDD and clauses to look for e.g. RAD and Interlocking
    • Premium Calculations (i.e. Adjustable Rate; Burning Cost, etc.)
    • Reinstatements
    • Interlocking Clause
    • Currency Fluctuation Clause
    • Index Clause – SIC
    • Accounts for other Types of Covers (e.g. Stop Loss; Retrocession; etc.)

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.

S$1,303.64 (inclusive of 9% GST)

Participants who register by 22 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$944.84 (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$803.64 (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.