Venue:

USA, London (UK); Dubai

Price:                  £4,850  FOR 2 Weeks

Duration:            £3,450  FOR 1 Week

Dates:

February 12, 2018

March 12, 2018

April 9, 2018

May 7, 2018

June 11, 2018

July 9, 2018

August 6, 2018

September 10, 2018

October 8, 2018

November 12, 2018

December 3, 2018

* These courses are held at various locations on these dates

The reinsurance part provides an overview of the development of the reinsurance market and the necessary historical perspective to understand current practice. It will provide an insight into the key issues facing the market today and into the future.

This underwriting aspect of this course, provides an excellent introduction to the principles and practices involved in underwriting business. The course concentrates on generic underwriting and does not concentrate on technical aspects of any one class.

The course format will be presentation with discussion and relevant case studies.

Course benefits

•     Obtain knowledge on reinsurance
•     Understand how the current market practice has developed
•     Understand the role of the underwriter
•     Understand what underwriting skills are required
•     Understand the principles of pricing
•     Understand how business is placed in the London market
•     Outline underwriting controls
•     Outline reinsurance and reserving strategies
•     Outline managing exposure

Who should attend

This is ideal for anyone who is new to the insurance and reinsurance industry or administrative staff working directly in the market or supporting areas.
Outline program.

The course is also suitable for anyone who needs an understanding if the principles of underwriting and assumes no prior knowledge. It is also relevant for anyone who works in underwriting or broking who needs knowledge of the subject.

Outline Program

•    The development and general principles of reinsurance
•     Facultative reinsurance
•     Treaty reinsurance
•     Proportional reinsurance
•     Non-proportional reinsurance
•     The roles of the underwriter - role, duty and authority
•     Underwriting skills - selecting, pricing, financial understanding, relationship and portfolio management, negotiating and influencing
•     The principles of pricing
•     Underwriting controls
•     Reinsurance and reserving strategies
•     Managing exposures
•     How risks are placed in London and the underwriters role in this practice