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Reinsurance Foundation Programme
20 March - 25 April 2019
This programme is aimed at anyone currently involved, or expected to be involved, in reinsurance, including underwriting assistants, claims staff and junior actuaries. The programme will be suitable for people in the early stages of their career with no more than two years’ experience of handling reinsurance placements. It is also designed to support those who are studying for the CII’s M97 Reinsurance Qualification.
Date: 20 March - 25 April 2019
Programme: Six half-day modules
Location: LMA Presentation Room, Gallery 4, Lloyd’s, EC3M 7DQ
Fee: £1,500 + VAT
Download the programme brochure for more information
ABOUT THE PROGRAMME
Reinsurance plays a major role in reducing an insurer’s exposure to losses, assisting with capital management and protecting solvency. A significant amount of reinsurance is placed within the Lloyd’s and London market.
The purpose of this programme is to introduce delegates to the different types of reinsurance available so that they gain an understanding of its purpose and how it works. The programme will also introduce delegates to the method of placement, how to obtain best coverage and the legal aspects of reinsurance. The last two modules introduce delegates to basic claims scenarios and calculations, so that they can see the impact of different cover from a claims perspective and how contentious issues can be resolved via mediation.
Delegates will participate in group exercises and interactive scenarios, including mock mediation designed to bring the subject matter to life.
Delegates will learn about:
- the different types of reinsurance available
- the parties involved in reinsurance
- the reinsurance process, including retrocession
- the alternatives to reinsurance
- how to design a reinsurance programme
- choosing the correct markets
- how to obtain the best coverage for the client while maintaining an acceptable price
- the legal aspects of reinsurance
- what can be learnt from the past
- the principles of reinsurance claims management
- catastrophe bonds and trigger policies
- the future of reinsurance and;
This programme has been designed by the LMA Academy in conjunction with London Market Training Ltd.
This programme is run by David Berg FCII, SIRM and Edward Gooda FCII, SIRM.
There are 20 places available on this programme. Spaces will be allocated on a first-come, first-served basis, with one place per managing agent (unless further spaces are available once the deadline has passed).
The application process for 2019 has now closed.
This programme is accredited by the CII and qualifies for 21 CII CPD hours.