Overview
The Executive Certificate in Reinsurance is designed to equip insurance professionals with a comprehensive understanding of the principles and practices of reinsurance and its critical role in insurance risk management.
Reinsurance enables insurers to transfer part of the risk they have assumed to another insurer, known as the reinsurer, thereby increasing underwriting capacity, stabilising financial results, and protecting insurers against large or catastrophic losses.
This programme provides a structured understanding of how reinsurance operates within the global insurance market. Participants explore the purpose of reinsurance, the key players in the reinsurance market, and the contractual arrangements used to transfer risk between insurers and reinsurers.
The programme also examines the main types and structures of reinsurance, including facultative and treaty arrangements, as well as proportional and non-proportional reinsurance methods used to distribute risk and manage insurance portfolios effectively.
By combining technical reinsurance principles with practical insights into reinsurance placement, pricing, and claims processes, the programme equips professionals with the knowledge required to support effective reinsurance management within insurance organisations.
Professional Recognition
The Executive Certificate in Reinsurance forms part of the professional development pathway offered through the IIEA E-Academy™ and is designed to strengthen technical capability in reinsurance practice within the insurance industry.
The programme provides structured training covering reinsurance principles, risk transfer mechanisms, reinsurance contracts, and reinsurance programme management, enabling professionals to develop the knowledge required to support reinsurance operations within insurance organisations.
Professionals who complete the programme demonstrate a strong understanding of reinsurance practices and the role of reinsurance in supporting underwriting capacity, portfolio stability, and sustainable insurance operations.
Who Should Enrol
This programme is designed for professionals involved in underwriting, risk management, and insurance operations, including:
- Insurance underwriters and underwriting managers
- Reinsurance officers and reinsurance analysts
- Insurance brokers and intermediaries handling large risks
- Insurance agents and financial advisers seeking deeper industry knowledge
- Risk and compliance professionals within insurance organisations
- Professionals seeking to strengthen their expertise in reinsurance
What You Will Learn
Participants will gain practical knowledge and understanding of:
- The role and importance of reinsurance within insurance operations
- Key players and structures within the global reinsurance market
- The main types of reinsurance including treaty and facultative arrangements
- Proportional and non-proportional reinsurance methods
- Reinsurance placement, pricing, and broker involvement
- The role of reinsurance in stabilising insurance portfolios and managing large risks
Learning Pathway
This programme forms part of the IIEA E-Academy Learning Pathway Framework™ for Advanced Insurance Professionals, designed to strengthen technical expertise across key areas of insurance practice.
Certification
Participants who successfully complete the programme requirements will receive the Executive Certificate in Reinsurance.
This programme represents an advanced professional development programme designed to strengthen reinsurance capability within insurance organisations.
Related Programmes
This programme complements other advanced technical insurance programmes such as:
- Executive Certificate in Risk Management and Insurance
- Executive Certificate in Insurance Underwriting Management
- Executive Certificate in Insurance Claims Management
and helps develop strong capability in managing reinsurance programmes, supporting underwriting capacity, and strengthening insurance portfolio stability.
Download BrochureLearning Outcomes
By the end of this course, you should be able to:
- Understand the purpose of Reinsurance and the parties to a Reinsurance Contract;
- Explain the Principles of Insurance as applicable to a Reinsurance Contract;
- Describe the features, practical application and operation of Facultative Reinsurance – inclusive of both Proportional and Non-Proportional Treaty;
- Understand how the principles of Reinsurance are applied to the design of reinsurance programmes and market practices;
- Describe the process of collection, interpretation, and usage of data (statistics) in the design of a Reinsurance Programme;
- Understand the Regional and Global Reinsurance markets;
- Examine the accounting methods for different types of Reinsurance;
- Understand the main aspects of Property, Casualty, Marine, and Aviation reinsurance; and
- Understand the main aspects of Life and Medical Reinsurance.
Course Outline
- 1.1: Learning Outcomes
- 2.1: Reinsurance Terminology
- 2.2: The Purpose of Reinsurance
- 2.3: Different Purchasers and Providers of Reinsurance
- 2.4: The Contractual Relationship Between the Parties
- 2.5: The Role of The Retrocedant and Retrocessionaire
- 2.6: The Role of the Broker/ Intermediary in the Reinsurance Process
- 2.7: Introduction to Retakaful and Retrotakaful
- 3.1: Reinsurance Methods
- 3.2: Premium Income
- 3.3: Retrocession
- 3.4: Alternative Risk Transfer (ART) Products
- 4.1: Facultative Reinsurance Methods
- 4.2: Premium and Claim Calculation Methods for Proportional and Excess of Loss Reinsurance
- 5.1: Features and Operation of Proportional Treaties
- 5.2: Ceding Commissions
- 5.3: Flat Rate and Sliding Rate
- 5.4: Premium and Claims Reserves
- 5.5: Cession and Event Limits in Proportional Treaties
- 5.6: Loss Participation Clauses in Proportional Treaties
- 6.1: Features and Operation of Non-Proportional Treaties
- 6.2: The Bases of Cover
- 6.3: The Difference Between Risk Excess and Catastrophe Excess
- 6.4: Event Limits
- 6.5: Reinstatements
- 7.1: Design, Selection and Placing of Reinsurance
- 7.2: Reinsurance Market Practices
- 7.3: Legal Issues
- 7.4: Contract Wordings
- 8.1: The Principal Global Markets
- 8.2: Market Characteristics
- 8.3: Characteristics of Hard and Soft Markets – The Market Cycle
- 8.4: Security of Reinsurance
- 9.1: Facultative and Proportional Reinsurance
- 9.2: Non-Proportional Reinsurance
- 9.3: General
- 10.1: Property
- 10.2: Casualty
- 10.3: Marine
- 10.4: Aviation
- 11.1: Underwriting Characteristics
- 11.2: Reinsurance Methods in Life and Medical Reassurance
- 11.3: Terms and Conditions in Life and Medical Reassurance
