Demystifying Reinsurance: A Basics of Reinsurance Course
The Allerton Hotel, Chicago, IL, May 14-16, 2012
NY Chapter CPCU’s are eligible to receive an Association Partner registration rate for the Reinsurance Association of America’s popular program Demystifying Reinsurance—A Basics of Property and Casualty Reinsurance, to be held May 14-16 at the Allerton Hotel in Chicago.
Taught by reinsurance industry experts from Swiss Re, Willis Re, Guy Carpenter, Munich Re America, Arch Re, RGA Re and more, the seminar provides a comprehensive overview of the purpose and structure of reinsurance, with an introduction to life reinsurance. Attendees are guided through all steps of the reinsurance transaction and its impact on an insurance company’s bottom line.
Course objectives:
- Understand how insurance and reinsurance differ;
- List the types of and approaches to reinsurance coverage;
- Define risk transfer and list risk transfer requirements;
- Explain the impact of a reinsurance transaction on the financials of an insurance company;
- Identify and discuss the types and specific features of different reinsurance contracts;
- Structure a reinsurance program by applying specific approaches to the reinsurance coverage and choosing appropriate contract wording;
- Discuss the marketplace and market trends;
- Identify and list the components of key Annual Statement schedules;
- Differentiate between SAP and GAAP accounting;
- Explain how reinsurance is regulated;
- Breakout sessions with legal experts on the impact of the 2011 collateral changes to the NAIC Model Credit for Reinsurance Law, the worldwide impact of Solvency II, and current legal developments.
The program targets reinsurance and broker company employees; insurance company professionals; attorneys specializing in reinsurance; and regulators/staff. Attendees can earn CLE, CPCU, and CPE credits for continuing education.
Review the agenda and register.
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