National Insurance Academy, Pune|Insurance Technical (Non-Life)
P561 | Reinsurance Management (Non-Life)
Academic Year 2026-2027
Duration
3Days
Scheduled Dates
01 Feb 2027 - 03 Feb 2027
Background
The need for reinsurance for enhancing the capacity and stability of insurance companies is adequately realized by all insurance managers. The programme is intended as re-orientation to the broad principles of reinsurance, its functions, its role in enabling insurance companies to assume risks, make use of various techniques of reinsurance, principles governing placement and acceptance of reinsurance covers, drawing up of different types of reinsurance programmes and also reinsurance accounting and settlement procedures, practice of reinsurance in international markets, financial implications of reinsurance on ultimate underwriting results The whole gambit of RI programme designing with hands on or discussion of the practical difficulties and solutions and its contribution to augmentation of financial reserves / strengths of direct insurers in view of the emerging trend.
Learning Objectives
To understand Various mechanisms and methodologies of reinsurance
Knowing of Principles and practices of reinsurance accounting
To understand International market scenario and its impact on the RI programme
Key Contents
Introduction & Fundamentals of Reinsurance: Proportional; Non-Proportional; Facultative Reinsurance
Understanding of concepts: Retrocession, Admitted / Non-Admitted countries, fronting, overriding commission, DIC / DIL
Importance of PML in RI placement & Calculation of U/W capacity as per GIC norms
Brief introduction to reinsurance underwriting
Calculation of Facultative requirements in large risks
Placement of risk at Differential terms / Funding of risk
Placement under proportional & non-proportional treaty
Legal wordings and clauses in reinsurance contracts
Basic accounting of RI placement under proportional and non-proportional treaty & recoveries of claim
Treaty terms, rules for mid-term cancellation, operational working with payment of premium & recovery of claims on day-to-day basis, importance of Bordereau
Working out premium adequacy under non-proportional treaty
Layering of reinsurance under non-proportional treaty & premium allocation for Excess layers
Global Programmes - Introduction & Understanding the concepts, Methodology, & working of Programme in India
Brief introduction to international reinsurance markets
Alternatives to Reinsurance - alternative markets, pools, etc.
Role of Intermediaries in Reinsurance market
Who Should Attend
Officials from Reinsurance department, technical department of Head Office, Regional Offices, Operating Offices of Indian and foreign public & private sector General Insurance Companies
