Reinsurance Fundamentals
Why you need this course:
Reinsurance is a means through which insurers can achieve their operational and financial objectives by transferring insurance risk from one insurer to another through contractual agreements. The reinsurer assumes all or part of the insurance risk from the primary insurer based on the type of reinsurance.
Upon successful completion of all three modules in this course, you should be able to:
- Describe reinsurance and its six principal functions:
• Increase large line capacity
• Provide catastrophe protection
• Stabilize loss experience
• Provide surplus relief
• Facilitate withdrawal from a market segment
• Provide underwriting guidance
- Describe treaty reinsurance and facultative reinsurance.
- Describe the three sources of reinsurance:
• Professional reinsurers
• Reinsurance departments of primary insurers
• Reinsurance pools, syndicates, and associations
Modules can be studied in any order you choose.
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