Course

Course Summary
Credit Type:
Course
ACE ID:
AICP-0104
Organization's ID:
ARe 144
Organization:
American Institute For Chartered Property Casualty Underwriters/The Institutes
Location:
Classroom-based
Length:
15 weeks (60 -- 90 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 Risk Management
Description

Objective:

The course objective is to enable students to gain a thorough understanding of essential reinsurance concepts that will enable them to create effective reinsurance programs.

Learning Outcomes:

  • Create effective reinsurance programs. This is accomplished through an in-depth examination of the various types of treaty and facultative reinsurance transactions and common clauses used in reinsurance agreements. This course also includes a discussion
  • The methods that primary insurers and reinsurers use to estimate reserves

General Topics:

  • Introduction to reinsurance
  • Types of reinsurance and reinsurance program design
  • The reinsurance placement process
  • Common reinsurance treaty clauses, part I and II
  • Quota share treaties
  • Surplus share treaties
  • Property per risk excess of loss treaties
  • Casualty excess of loss treaties
  • Catastrophe reinsurance
  • Aggregate excess of loss treaties
  • Reinsurance audits
  • Reinsurance regulation
  • Reinsurance aspects of the NAIC annual statement
  • Loss reserving methods
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials