Reinsurance
An interactive guide to all the major concepts of reinsurance
4 – 8 October 2015
The Address Hotel, Dubai Marina Dubai, UAE
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Overview

Course One - Proportional Reinsurance

This two day course is particularly targeted at those who have some basic experience of reinsurance but who want to confirm, clarify and learn more about this very important area of reinsurance

Course Two - Non-Proportional (X/L) Reinsurance

This three day course is particularly targeted at those who have some basic experience of reinsurance but who want to confirm, clarify and learn more about this specific area of reinsurance as it grows in importance in the region.

Content

Course One - Proportional Reinsurance

  • Introduction/Refresher
  • Proportional treaties – how they function and interact
  • Proportional Facultative Reinsurance
  • How it should operate
  • Rate – OGR/ONR
  • Proportional treaty and Fac X/L (treaty compression)
  • Key clauses – cooperation / control
  • Proportional reinsurance – why is it bought ?– obvious and less obvious reasons – capacity, knowledge, solvency, protection and others
  • Proportional reinsurance – why is it bought? – obvious and less obvious reasons (Continued)
  • Treaty balance – what and why is it so important?
  • Proportional treaty and the risk profile – how to use a risk profile in designing a proportional treaty
  • The accounts processes (a briefing)
  • Key proportional treaty clauses (a briefing)


Course Two - Non-Proportional (X/L) Reinsurance

  • Introduction/Refresher
  • Non- proportional treaties – how they function and interact
  • Fac X/L, why, how it should be used, first taste of pricing (exposure rating)
  • Basis of attachment (LOD/RAD) and their implications
  • Definitions – risk, event, reverse 2 risk warranty
  • Reinstatements – How they should be calculated
  • Pricing methodologies (exposure, probability , burning cost)
  • Pricing methods – continued
  • Utilisation of a risk profile
  • Key non-proportional treaty clauses
  • Other forms of non-proportional treaty covers
Who Should Attend
The two courses are particularly targeted at those who will be actively involved in reinsurance whether in buying, selling or where a firm understanding of the varying reinsurance techniques is needed and how they interact.
Benefits Of Attending
  • An up-to-date view of reinsurance and its products and the current market place
  • The true cost of reinsurance and pricing techniques
  • A detailed understanding on how all the reinsurance products work and are used
  • The importance of understanding the meaning of words – as they do not always mean what they seem to mean
Course Director

    Christopher Paine
    Independent Training Consultant And Advisor
    UK

    He was previously employed as Reinsurance Training Manager at CNA Reinsurance Company Limited in London. He began his career in 1973 as a trainee treaty underwriter at the London branch of American Re-Insurance Company. Chris then joined V.J. Wright ‘Underwriting’ Ltd (later known as Wright Underwriting Group Ltd) as Senior Underwriter in 1980. Chris holds a Diploma in Insurance (Dip CII) awarded by the Chartered Insurance Institute and was awarded Accredited Trainer status by the CII in February 2008 and has been re-accredited successfully every year since then. His second 5-year accreditation period runs to February 2018. Chris was the first person to receive CII Trainer Accreditation in the specialist London Market category.

    Chris has lectured for the CII College of Insurance (now CII Face-to-Face Training) since October 1975 and continues to do so. Since becoming independent, Chris has designed, organised and run numerous training programmes and seminars on various non-marine insurance and reinsurance topics for many London Market and overseas companies, various reinsurance brokers, and organisations such as the Insurance Institute of London. In the past, he has lectured for both London Guildhall University and City University Business School.

    Chris is a past co-author of previous editions of ACII 785 Principles of Reinsurance and was the accredited sole author of ACII 825 Application of Reinsurance and accredited co-author of ACII 955 London Market Underwriting. The CII has since withdrawn all three subjects from the Advanced Diploma syllabus and replaced them with the new Diploma subject, P97 Reinsurance.

    He also re-wrote the Chartered Insurance Institute publication Insurance Basics: Reinsurance - a brief guide (published in March 2001). This publication is now out of print, despite more than 4,000 copies having been distributed during its lifetime.

    Chris then re-wrote the 5th Edition of Messrs. Witherby & Company Limited’s Reinsurance for the Beginner (4th Edition, 1998, Bellerose/Louw). This 5th Edition (ISBN: 978 1 85609 239 5) was first published in April 2003, then re-printed in 2006 and again in both 2012 and 2013 in the new livery of Witherby Publishing Group Ltd.

    His other written work was the new Reinsurance module for the BSc Degree in Financial Services sponsored jointly by The Institute of Financial Services (IFS, part of The Chartered Institute of Bankers) and UMIST. This book was published in April 2004 (ISBN 0 85297 712 3) but is now out of print due to restructuring of the syllabus.

    Chris celebrated his 40th anniversary in the reinsurance industry in March 2013



Venue and Accommodation

    The Address, Dubai Marina

    Dubai

    The Address Dubai Marina
    Dubai Marina
    P.O. Box 32923, Dubai, UAE
    T: +971 4 4367777
    F: +971 4 4367788
    W: http://www.theaddress.com/en/hotel/dubai-marina

    click here for directions

    Standing tall in the heart of one of Dubai's most vibrant neighbourhoods, where crystal waters shimmer against modern architecture and luxury yachts moor alongside trendsetting restaurants, The Address Dubai Marina is a haven for the discerning traveller.

    With 200 luxurious rooms, five superb restaurants and lounges, a relaxing spa, spectacular infinity pool and state of the art meeting and event facilities, The Address Dubai Marina will keep you refreshed and inspired.

    Perfectly situated for your business needs, The Address Dubai Marina is just a short ride away from Dubai Media and Internet Cities, Knowledge Village, Jebel Ali Free Zone, and within walking distance from the metro station.

    And what is business without a little fun? With the white sand beaches of the Arabian Gulf just a stroll away, and the hotel's direct link to the stylish Dubai Marina Mall, The Address Dubai Marina gives you every reason to extend your stay and unwind.


    Accommodation

    Special delegate rates have been negotiated at selected hotels and we highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the Hospitality Desk for required assistance on:

    T:+971-4-407 2693
    F:+971-4-407 2517
    E: hospitality@informa.com

    VISAS

    Delegates requiring visas should contact the hotel they wish to stay at directly, as soon as possible. Visas for non-GCC nationals may take several weeks to process.


Course Fees
Date Course Fee Before
19 July 2015
Course Fee Before
9 August 2015
Final Fee*
Entire Event (5 Days)
4 – 8 October 2015
US$ 4,495 US$ 4,995 US$ 5,195
Course One (2 Days)
4 – 5 October 2015
US$ 2,595 US$ 2,795 US$ 2,895
Course Two (3 Days)
6 – 8 October 2015
US$ 3,395 US$ 3,595 US$ 3,695
Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive an Informa Certificate of Attendance.
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