Purpose of reinsurance | Empower Development

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M97 - Reinsurance

Before We Get Started

Welcome! (0:39)
M97 - Introduction (1:49)
Learning Outcome Mind Maps
Save The Date
M97 - 2024 Update (3:05)
Refer a friend

Chapter 1

Introduction (0:33)
Purpose of reinsurance (2:37)
Reinsurance buyers (2:12)
Reinsurance sellers (2:18)
Reinsurance brokers (2:09)
Artificial Intelligence (2:43)
Checklist
Test Your Knowledge
Chapter 1 - Round Up (2:07)
Chapter 1 - Audio Only

Chapter 2

Introduction (0:28)
Facultative and treaty reinsurance (3:41)
Reinsurance and retrocession (1:49)
Alternative risk transfer (3:56)
Checklist
Test Your Knowledge
Chapter 2 Round Up (2:35)
Chapter 2 - Audio Only

Chapter 3

Introduction (0:21)
Different types of facultative reinsurance (2:39)
Reinsurance premiums and claims recoveries (1:16)
Checklist
Test Your Knowledge
Chapter 3 Round Up (1:21)
Chapter 3 - Audio Only

Chapter 4

Introduction (0:36)
Proportional reinsurance treaties (7:35)
Main accounting methods (1:47)
Commissions, deductions, premium and claims reserves (3:41)
Test Your Knowledge
Checklist
Chapter 4 Round Up (2:16)

Chapter 5

Introduction (0:33)
Non-proportional reinsurance treaties (6:06)
Different bases of cover attachment (0:54)
Premium calculation for non-proportional reinsurance (2:38)
Event limits and reinstatement (1:02)
Test your knowlege
Checklist
Chapter 5 Round Up (2:24)

Chapter 6

Introduction (0:15)
Designing programmes (2:51)
Pricing programmes (3:22)
Placing programmes (3:08)
Test your knowledge
Checklist
Chapter 6 Round Up (2:42)

Chapter 7

Introduction (0:28)
Main features of facultative and treaty wordings (5:10)
Clauses common to proportional and non-proportional wordings (6:59)
Clauses used in proportional wordings (3:11)
Clauses used in non-proportional wordings (7:52)
Treaty exclusions (1:56)
Test your knowledge
Checklist
Chapter 7 Round Up (2:05)

Chapter 8

Introduction (0:28)
The formation of reinsurance contracts (4:26)
Express and implied terms (4:59)
Limitation and measures to avoid disputes (1:09)
Test your knowledge
Checklist
Chapter 8 Round Up (3:41)

Chapter 9

Introduction (0:32)
Nature of the reinsurance markets (1:23)
Global reinsurance markets (5:37)
Captive insurance companies (2:10)
Market cycles (2:27)
Financial strength ratings, M&As and reinsurer failure (2:25)
Terrorism (3:19)
Test your knowledge
Checklist
Chapter 9 round up (3:58)

Chapter 10

Introduction (0:20)
Reinsuring a property account (2:02)
Underwriting features of proportional reinsurance (2:31)
Underwriting features of non-proportional reinsurance (4:00)
Test your knowledge
Checklist
Chapter 10 round up (1:35)

Chapter 11

Introduction (0:32)
Reinsurance for a casualty account (2:46)
Reinsurance for a motor account (3:18)
Reinsurance for personal accident accounts (2:21)
Reinsurance for employers’ liability and workers’ compensation accounts (5:52)
Reinsurance for public liability and products liability accounts (3:44)
Reinsurance for professional liability and medical malpractice accounts (2:07)
Reinsurance for trade credit, surety, political risk, fidelity insurance and bonds (5:04)
Reinsurance for miscellaneous accounts (2:59)
Reinsurance and claims management (1:07)
Test your knowledge
Checklist
Chapter 11 round up (1:36)

Chapter 12

Introduction (0:27)
Reinsurance for a marine account (7:44)
JELC Excess Loss Clauses (1:21)
Reinsurance for an aviation account (8:07)
Test your knowledge
Checklist
Chapter 12 round up (1:38)

Additional Support

Refer a friend
Accelerate your Revision (47:54)
ACII- Completing Your Advanced Diploma (8:09)
ACII Journey Mapping (10:26)
Taking Your Exam – What you Need to Know
Approach to Cii Diploma coursework (27:24)
Contract Certainty Poster
Based on the 2023/2024 syllabus examined from 1 May 2023 until 30 April 2024
'I PASSED' Stamp for Social Giveaway

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Purpose of reinsurance

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