• 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 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$1,905.32 (incl. of 9% GST)

Net Course Fee: S$1,405.32 (incl. of 9% GST and after 30% FTS funding) for Singapore Citizens below 40 years old and Singapore Permanent Residents

Net Course Fee: S$1,405.32 (incl. of 9% GST and after 70% FTS funding) for Singapore Citizens aged 40 years old and above