Reinsurance : LEVEL 4

Reinsurance - Level 4

Reinsurance – Level 4 is designed to teach you how insurance and reinsurance are related and what role does a policyholder play in a reinsurance case. The course will teach you how reinsurance contracts are different from insurance contracts.

The course will teach you how reinsurance comes into play to satisfy the requirements of the buyers and the stakeholders involved. Reinsurance – Level 4 will teach you how the buyer who is also known as reinsured looks to reduce his losses which can result from perilous situations.

Reinsurance – Level 4 looks at the different needs of the insurer and how these needs are fulfilled via the corporate strategies put in place by the insurer along with other interrelated issues. The various types of reinsurance will also be considered along with the design, the pricing, contract wordings and the legal issues that stem from reinsurance cases.

Why You Should Consider Taking this Course at 1Training?

1Training is a leading online provider for several accrediting bodies and provides learners with the opportunity to take this exclusive CPD course. At 1Training, we give our fullest attention to our learners’ needs and ensure they have the necessary information required to proceed with the training.

Learners who register will be given excellent learning support, discounts for future purchases and be eligible for a TOTUM Discount card and Student ID card with amazing offers and access to retail stores, the library, cinemas, gym memberships and their favourite restaurants.

Learning outcomes

• Gain an in-depth understanding of reinsurance and its different types
• Get to know the stakeholders that are involved in a reinsurance case.
• Gain an understanding of the contract wordings
• Understand the legal matters regarding reinsurance cases
• Gain an in-depth understanding of reinsurance markets and their features.
• Learn to identify insurance from reinsurance
• Gain an understanding of how reinsurance practices are integrated into the business

COURSE CURRICULUM

Module 01 : Setting the Stage: Rationale for Reinsurance

Module 02 : Types of Reinsurance (Part i): Proportional Reinsurance

Module 03 : Types of Reinsurance (Part ii): Non-Proportional Reinsurance

Module 04 : Pricing of Reinsurance Treaties

Module 05 : Pricing of Non Proportional Reinsurance

Access Duration

The course will be directly delivered to you, and you have 12 months of access to the online learning portal from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the sessions at any time.

Method of Assessment

In order to pass the course ‘Reinsurance – Level 4’ learners will complete an online quiz which will be immediately marked, with learners knowing right away whether they’ve passed the test.

Certification

Upon the successful completion of the course, you will be awarded the Certificate for ’Reinsurance – Level 4’ by CPD.

Awarding Body

CPD is a leading awarding body in the United Kingdom that meets an excellent standard of high-quality education. CPD is committed to the enhancement of proficiency and personal skills in order to develop learners’ skills and abilities. CPD ensures that both practical and academic qualifications assist individuals to re-skill or up-skill and maintain a competitive advantage in their chosen industry.

• Reinsurance underwriters
• Reinsurance claim specialists
• Internal Audit and Accounting employees
• Reinsurance Brokers

• Learners should be over the age of 16 and have a basic understanding of English, ICT and numeracy.
• A sound educational background is recommended

• Reinsurance Underwriter £57K(approximately)
• Reinsurance Broker £90K

Currently there are no Q&As for this course. Be the first to ask a question.

Certificate of completion

Digital certificate - Included