Introduction to Proportional Treaty Insurance
Marlborough Training and Consultancy
Summary
Payment is by invoice on completion of the training.
- Tutor is available to students
Overview
This is a reasonably detailed introduction to proportional treaty reinsurance designed to give attendees a working understanding of why treaties exist, how they operate and the basic servicing issues involved. This is a participative event, with a mixture of tuition and guidance together with practical exercises. Delegates are encouraged to actively participate in the course through discussion with the course leader and the other attendees.
The course is delivered for groups of delegates on behalf of employers at client premises or external venues arranged for organisations anywhere in the UK.
Please note that it is not offered as an open course for individual delegate bookings.
Description
Workshop Content
At the end of the event attendees should understand and be able to explain the concept of Risk Sharing and the Purpose of the Proportional Account:
- the principle of proportional reinsurance
- the concepts of Quota Share and Surplus treaties and the effect they may have on an Insurers capacity to write business
- the advantages and disadvantages of this business to both the Reinsured and the Reinsurers.
Technical Accounting and its Component Parts
- how risks, liability, premium & claims are allocated to treaties
- the different types of commission that can apply to treaties, their effect on possible profitability and to calculate standard profit and sliding scale commissions
- the principles and purpose of premium and loss reserves and how they are calculated
- understand the component parts of technical treaty accounts and be able to complete standard treaty statements for Reinsurers
Issues and Pitfalls
- be aware of the main problems and errors associated with treaty technical accounting and how to avoid them
Who is this course for?
This is a course designed principally but not exclusively for staff who are working in a reinsurance environment and whose current job calls for a more detailed knowledge of the subject. For technicians and or brokers, this would normally be individuals that have been working in insurance or reinsurance for between 1-3 years.
Questions and answers
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Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.