When claims spike or a single large loss hits, the difference between an insurer that stays solvent and one that doesn't often comes down to how well its reinsurance program was designed. As insurance markets expand and business risk grows more complex, specialists who understand both coverage design and reinsurance mechanics are in increasing demand.

This course walks through the technical building blocks of modern insurance — policy components, coverage types, and claims handling — before moving into reinsurance itself: how risk is redistributed, the agreement types available, and how portfolios are priced and balanced. It closes with the regulatory and governance layer that keeps the whole system accountable, since compliance failures in this sector carry real financial consequences.

Who Should Attend

• Insurance company staff and professionals moving into reinsurance.
• Risk management teams inside large organizations, and bank or financial institution staff involved in insurance.
• Financial advisors and legal accountants who deal with insurance contracts.

What You Will Gain

• A solid grasp of core insurance concepts and the different types of coverage.
• Clarity on how reinsurance mechanisms ease the financial burden on insurance companies.
• The ability to read insurance documents accurately — terms, conditions, and exclusions.
• Stronger skills in handling claims and special cases.
• Awareness of the legislation, governance, and compliance principles that regulate the sector.

Module 1: How Claims Actually Get Processed

• Submission and settlement of claims.
• The actuarial expert's role in evaluation, and the steps for examining a claim and reaching a decision.

Module 2: Insurance Fundamentals and Policy Structure

• Definition of insurance, its main principles, and how risk is distributed and transferred between parties.
• Mandatory versus voluntary insurance, and the components and technical content of the insurance policy — insured details, terms, exclusions, and coverage limits.

Module 3: Coverage Types Across the Market

• Property insurance and natural hazard coverage.
• Marine, aviation, and transportation insurance.
• Liability and personal accident insurance.

Module 4: From Insurance to Reinsurance

• Why reinsurance exists: redistributing risk to reinsurers and the contractual relationship between insurer and reinsurer.
• How reinsurance keeps a company stable and financially balanced.

Module 5: Reinsurance Agreements and Portfolio Management

• Proportional agreements (quota share and surplus) versus non-proportional agreements (stop-loss and excess-of-loss).
• Facultative versus treaty reinsurance, risk analysis and distribution, and setting optimal capacity.
• Working with international reinsurance companies.

Module 6: Pricing and Risk Analysis

• Pricing principles and determinants, and the use of statistical data and mathematical models.
• Calculating premiums and estimating expected losses.

Module 7: Regulation, Governance, and Compliance

• Local and international laws, and insurers' obligations toward clients.
• Anti-fraud and anti-manipulation rules, the role of regulatory authorities, and principles of transparency and disclosure.
• Dispute management and protecting the rights of all parties.