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TREATY WORDINGS

Reinsurance Training Course

June 17, 2022 | 09:00-17:00 (GMT+7)
through Online Teams Platform

Lectured by Mr.Monson Marukatat

— Associate in Risk Management from the American
Institute for Chartered Property Casualty Underwriters,
— Associate in PRM from the Professional Risk
Managers’ International Association PCL

TREATY WORDINGS

Reinsurance Training Course

June 17, 2022 | 09:00-17:00 (GMT+7)
through Online Teams Platform

Lectured by Mr.Monson Marukatat

— Associate in Risk Management from the American
Institute for Chartered Property Casualty Underwriters,
— Associate in PRM from the Professional Risk
Managers’ International Association PCL

TREATY
WORDINGS

SUBJECT COVERED

  • Traditional proportional and non-proportional insurance.
    Finite reinsurance is not covered in this class.
  • Reinsurance treaty analysis
    • Proportional.
    • Non-proportional.

TARGET AUDIENCE

Non-life insurance professionals who want to understand
concepts and practices of selected reinsurance treaty
wordings to the extent that they can bring back tools
obtained from the class to use in the day-to-day work.

TEACHING APPROACH

  • The class will comprise standard lecture plus exercises in
    the form of Excel spreadsheets that cover real-life
    situations and for students to play around with numbers to
    understand how the relevant wording operates.
  • Students will be asked to present their results.

IMPORTANT NOTE :

Participants are required to have a basic skill of Excel. Each participant has to bring his/her
own computer (not mobile or tablet) loaded with Excel to class as there will be in-class
exercises throughout the session.

CERTIFICATE ELIGIBILITY

A certificate will be issued to all eligible participants who
fulfill the following conditions:

  • Turn on the video camera during the training.
  • Complete all exercises and submit them to T.I.I. at the end of the session.
  • Attend all the class sections and participate when asked.

TREATY
WORDINGS

PRELIMINARY COURSE OUTLINE

(Actual flows and content may vary)

Introduction

  • Reinsurance as a risk management tool.
  • Types of reinsurance.

Non-proportional (Excess of Loss only)

  • XL layering
  • XL ratings and MDP adjustment.
  • Rate On Line.
  • Per Risk vs Per Event.
  • Loss Occurrence & Hours Clause.
  • Risk Attaching and Loss Occurring.
  • Reinstatement.
  • Rating of XL treaty – Experience Rating.

Proportional

  • Sliding scale.
  • Loss Participation.

Other

  • Business Interruption.
  • Thailand Flood Loss Claims.
Register