Principles of Reinsurance begins with a discussion of the origins and history of reinsurance in the life insurance and property & casualty industries. It examines the types of reinsurance available in the current market and their uses in enabling management to achieve particular objectives. The customary reinsurance agreements and their specific applications are discussed. The operation of reinsurance is examined with respect to claims payment, changes in risk, duration of agreements, experience rating, supplementary coverages and substandard issues, and the factors typically considered in a primary insurer’s establishment of retention limits are discussed. In conclusion, the current reinsurance environment is examined and the regulation of reinsurance is discussed.
Learning Objectives
Upon completion of this course, the student should be able to:
- Describe the historical context in which reinsurance operates
- Differentiate the types of reinsurance available in the marketplace and their purposes
- Identify the typical reinsurance agreements and their application
- Explain the operation of reinsurance with respect to claims payment, risk changes, experience rating, supplementary coverages and substandard issues
- Describe the factors that influence a primary insurer’s establishing of retention limits
- Recognize the reinsurance environment, its regulation and vocabulary
- List the possible use of reinsurance to finance life insurance company demutualization, mergers and acquisitions
No advance preparation needed
Program Level – Basic
Program prerequisites – None
Delivery method – QAS self-study
Recommended CPE credits – 3
Recommended field of study – Insurance/Financial Planning/Ethics
Copyright 2025 by Winn Publications ALL RIGHTS RESERVED. NO PART OF THIS COURSE MAY BE REPRODUCED IN ANY FORM OR BY ANY MEANS WITHOUT THE WRITTEN PERMISSION OF THE COPYRIGHT HOLDER. All materials relating to this course are copyrighted by Winn Publications. Purchase of a course includes a license for one person to use the course materials. Absent specific written permission from the copyright holder, it is not permissible to distribute files containing course materials or printed versions of course materials to individuals who have not purchased the course. It is also not permissible to make the course materials available to others over a computer network, Intranet, Internet, or any other storage, transmittal, or retrieval system. This document is designed to provide general information and is not a substitute for professional advice in specific situations. It is not intended to be, and should not be construed as, legal or accounting advice which should be provided only by professional advisers. No advance preparation needed Program Level - Basic Program prerequisites - None Delivery method - QAS self-study Recommended CE credits - 3 Recommended field of study - Insurance/Financial Planning
