Put simply, reinsurance is best thought of as “insurance for insurance companies,” a way for a primary insurer to protect against unforeseen or extraordinary losses. It serves to limit liability on specific risks, to increase individual insurers’ capacity and to share liability when losses overwhelm the primary insurer’s resources. It also helps insurers stabilize their business in the face of the wide swings in profit and loss margins inherent in the insurance business.
However, the reinsurance industry is much more complex than one statement, professionals working within the industry are tending to specialise in one area and lose touch with the trends and challenges faced by this global business as a whole. Whether you are new to the industry or need to get back in touch with the dynamics of the industry as a whole, then this reinsurance training course is for you.
Why you should attend
The experienced faculty will demystify all aspects of the reinsurance industry that participants might be new to, unfamiliar with or have lost touch with.
Topics covered include:
- Part 1: The building blocks - understand the need for reinsurance and its relevance to your role
- Part 2: The reinsurance market - get-to-grips with the role of the reinsurance market and how it works
- Part 3: The legal and regulatory framework - build your knowledge of how the industry is controlled and regulated
- Part 4: Practical applications - Demystify the terminology and activities that are specific to the insurance industry
Certifications:
- CPD: 12 hours for your records
- Certificate of completion
Course Content
Day 1
Course Provider
Phillippa Rowe,
Phillippa Ross & CoPhillippa Rowe, senior partner of independent reinsurance consultants Phillippa Ross & Co., has over 30 years experience of insurance and reinsurance claims in Lloyd’s and the London market and internationally. She began her reinsurance career with 15 years with the Kiln group at Lloyd’s. She currently acts as arbitrator, mediator, expert witness and technical consultant in a wide range of claims, wordings and market practice matters and writes, lectures and provides training courses on similar subjects.
Simon Cooper,
Ince & CoSimon Cooper is a Consultant at Ince & Co LLP. He has experience of advising clients in the London and international insurance and reinsurance markets and has extensive experience of acting in large scale disputes in the English Commercial Court and appellate Courts, in ad hoc arbitrations and in overseas jurisdictions. Many of these disputes have involved multiple parties and complex issues of fact and law. Simon also has comprehensive experience of mediation and other forms of Alternative Dispute Resolution. Simon’s practice focuses on reinsurance, financial lines and professional indemnity business but has included most areas of non-marine business.
Who Should Attend
This programme has been designed specifically for:
- Reinsurance company employees
- Reinsurance broker company employees
- Insurance and reinsurance company professionals
- Lawyers in private practice
- Regulators
- Brokers
- Insurance and reinsurance consultants and advisers
Plus, those who have recently joined the reinsurance industry and suppliers to the industry including software, recruitment and accountancy personnel.
