Reinsurance 101: Introduction to Reinsurance

Next session:
To be announced

Who should attend:
Any employees in insurance or reinsurance companies a who would benefit from a comprehensive overview of the insurance and reinsurance industry. Valuable for employees in underwriting, claim, loss control, accounting, finance and other areas.

Topic Overview:
Risk management and primary insurance: Risk, loss and other concepts that comprise the crux of our business, and the mechanisms and approaches insurers and reinsurers use to deal with them.

Insurance accounting: How to gauge the performance and condition of insurers and reinsurers, as well as an understanding of types of accounting (e.g., GAAP and statutory) and such key elements as premiums, expenses and reserves.

An introduction to reinsurance: Why companies need reinsurance, how reinsurance is structured and underwritten, and a look at the contracts and programs brokers, or "intermediaries," develop between insurers and reinsurers.

Specific reinsurance forms: Demystifying various types of reinsurance treaties--including quota share, surplus share and excess-of-loss contracts--to understand the best options for specific reinsurance needs and situations.

Catastrophe reinsurance: A closer look at how to model the exposure, analyze the results and develop the appropriate structure.

Reinsurance 201: Collins Insurance and Reinsurance Training Program

Next session:
To be announced

Who should attend:
Insurance or reinsurance employees from underwriting, claim, loss control, accounting, finance or other areas of their companies.

Topic Overview:
Technical Coverage: Rates, limits, loss corridors and other concepts, mechanisms and approaches insurers and reinsurers use

Reinsurance Pricing: Understanding ratings, pro rata "cost", trend and development

Program Structure: Differences between the different program structures when they are used

Actuarial Usage: Understand concepts such as Dynamic Rate Making (DRM), consultation and exposure and experience analysis

Catastrophe Modeling: A closer look at how modeling is used in insurance and reinsurance