In your academic journey with Reinsurance, you will develop knowledge and understanding about the different types of reinsurance, the global marketplace for reinsurance, current market practices, and the main aspects of property, casualty, marine, and aviation reinsurance.
This text provides a practical, managerial approach to the subject and gives you a rich variety of examples and applications to illustrate the main principles through simple, yet effective learning aids.
Each chapter begins with a list of learning outcomes that you can expect to achieve by studying the topic. This is followed by a statement on why the topic is important. Together, they set out a clear contextual framework for you, within which you will conduct your study, being at all times conscious of why you are studying the topic.
The text begins with explaining the purpose of Reinsurance and the parties to a Reinsurance Contract, and how the Principles of Insurance is applied to the Contract. It then describes the features, practical application and operation of Facultative Reinsurance, including both the Proportional and Non-Proportional Treaty. It explains the application of the principles of Reinsurance to the design of reinsurance programmes and market practices, including the process of collection, interpretation, and usage of data (statistics). Regional and Global Reinsurance markets are discussed thereafter before visiting the topic on accounting methods for different types of Reinsurance. Finally, it discusses the main aspects of property, casualty, marine, and aviation reinsurance, as well as life and medical reinsurance.
Scattered throughout, are insightful thought primers that will set you thinking of what you have just read, learning activities and case studies that will help you reflect on issues as if you were facing them in the real-world.
Towards the end are a collection of rich review questions and tutorial questions to help you assimilate what you have learned and put your knowledge and skills to the test.
Klang Valley, Johor, Penang: 1-3 days; Rest of Peninsular Malaysia: 1-4 days; Sabah, Sarawak, Brunei: 5-7 days. All in working days
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