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- DESCRIPTION
- COURSE FEATURES
- CURRICULUM
- COURSE REVIEWS
Overview
Reinsurance – Level 4 is designed to teach you how insurance and reinsurance are related and what role does a policyholder play in a reinsurance case. The course will teach you how reinsurance contracts are different from insurance contracts.
The course will teach you how reinsurance comes into play to satisfy the requirements of the buyers and the stakeholders involved. Reinsurance – Level 4 will teach you how the buyer who is also known as reinsured looks to reduce his losses which can result from perilous situations.
Reinsurance – Level 4 looks at the different needs of the insurer and how these needs are fulfilled via the corporate strategies put in place by the insurer along with other interrelated issues. The various types of reinsurance will also be considered along with the design, the pricing, contract wordings and the legal issues that stem from reinsurance cases.
Why You Should Consider Taking this Course at 1Training?
1Training is a leading online provider for several accrediting bodies and provides learners with the opportunity to take this exclusive CPD course. At 1Training, we give our fullest attention to our learners’ needs and ensure they have the necessary information required to proceed with the training.
Learners who register will be given excellent learning support, discounts for future purchases and be eligible for a TOTUM Discount card and Student ID card with amazing offers and access to retail stores, the library, cinemas, gym memberships and their favourite restaurants.
Learning outcomes
- Gain an in-depth understanding of reinsurance and its different types
- Get to know the stakeholders that are involved in a reinsurance case.
- Gain an understanding of the contract wordings
- Understand the legal matters regarding reinsurance cases
- Gain an in-depth understanding of reinsurance markets and their features.
- Learn to identify insurance from reinsurance
- Gain an understanding of how reinsurance practices are integrated into the business
Key Features
Gain an accredited UK qualification
Access to excellent quality study materials
Learners will be eligible for TOTUM Discount Card
Personalized learning experience
One year’s access to the course
Support by phone, live chat, and email
- entry requirement
- who should attend
- Method of assessment
- Certification
- Other information
- Learners should be over the age of 16 and have a basic understanding of English, ICT and numeracy.
- A sound educational background is recommended
- Reinsurance underwriters
- Reinsurance claim specialists
- Internal Audit and Accounting employees
- Reinsurance Brokers
In order to pass the course ‘Reinsurance – Level 4’ learners will complete an online quiz which will be immediately marked, with learners knowing right away whether they’ve passed the test.
Upon the successful completion of the course, you will be awarded the Certificate for ’Reinsurance – Level 4’ by CPD.
Access Duration
The course will be directly delivered to you, and you have 12 months of access to the online learning portal from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the sessions at any time.
Awarding Body
CPD is a leading awarding body in the United Kingdom that meets an excellent standard of high-quality education. CPD is committed to the enhancement of proficiency and personal skills in order to develop learners’ skills and abilities. CPD ensures that both practical and academic qualifications assist individuals to re-skill or up-skill and maintain a competitive advantage in their chosen industry.
Career Path & Progression
The Certificate for ‘Reinsurance – Level 4’ will improve your candidature for a number of jobs across multiple sectors.You can study further related courses that will open the door to new and exciting opportunities and enhance your expertise in this subject, and add this as a skillset on your resume. Your skills will be recognized by leading employers and top organisations that will enable you to land a generous-paying job, plenty of benefits and a wide array of opportunities. Given below are job titles you can compete for, along with the average UK salary per annum according tohttps://www.glassdoor.com
- Reinsurance Underwriter £57K(approximately)
- Reinsurance Broker £90K
Entry Requirements
- Learners should be over the age of 16 and have a basic understanding of English, ICT and numeracy.
- A sound educational background is recommended
Who Should Attend
- Reinsurance underwriters
- Reinsurance claim specialists
- Internal Audit and Accounting employees
- Reinsurance Brokers
Method of Assessment
In order to pass the course ‘Reinsurance – Level 4’ learners will complete an online quiz which will be immediately marked, with learners knowing right away whether they’ve passed the test.
certification
Upon the successful completion of the course, you will be awarded the Certificate for ’Reinsurance – Level 4’ by CPD.
Other Information
Access Duration
The course will be directly delivered to you, and you have 12 months of access to the online learning portal from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the sessions at any time.
Awarding Body
CPD is a leading awarding body in the United Kingdom that meets an excellent standard of high-quality education. CPD is committed to the enhancement of proficiency and personal skills in order to develop learners’ skills and abilities. CPD ensures that both practical and academic qualifications assist individuals to re-skill or up-skill and maintain a competitive advantage in their chosen industry.
Career Path & Progression
The Certificate for ‘Reinsurance – Level 4’ will improve your candidature for a number of jobs across multiple sectors.You can study further related courses that will open the door to new and exciting opportunities and enhance your expertise in this subject, and add this as a skillset on your resume. Your skills will be recognized by leading employers and top organisations that will enable you to land a generous-paying job, plenty of benefits and a wide array of opportunities. Given below are job titles you can compete for, along with the average UK salary per annum according tohttps://www.glassdoor.com
- Reinsurance Underwriter £57K(approximately)
- Reinsurance Broker £90K
Course Curriculum Total Units : 8
| 1. Setting the Stage: Rationale for Reinsurance | |||
| Setting the stage: rationale for reinsurance | |||
| 2. Types of Reinsurance (Part i): Proportional Reinsurance | |||
| Types of reinsurance (part i): proportional reinsurance | |||
| 3. Types of Reinsurance (Part ii): Non-Proportional Reinsurance | |||
| Types of reinsurance (part ii): non-proportional reinsurance | |||
| 4. Pricing of Reinsurance Treaties | |||
| Pricing of reinsurance treaties | |||
| 5. Pricing of Non Proportional Reinsurance | |||
| Pricing of non proportional reinsurance | |||
| Mock Exam | |||
| Mock Exam: Reinsurance Level 4 | |||
| Final Exam | |||
| Final Exam : Reinsurance Level 4 | |||
| Certificate Download Guide | |||
| Certificate Download Guide | |||
Students feedback
4.3
4.3
4 ratings
- 5 stars1
- 4 stars3
- 3 stars0
- 2 stars0
- 1 stars0
-
Silver Cunningham July 10, 2021
Improving confidence
The course uplifted my confidence in learning.
-
Jamie Wells July 01, 2021
Inspiring programme
As a graduate in marketing from a leading university, I find this programme highly enriching because I am employed in the insurance industry.
-
Phoenix Wallace June 03, 2021
A well-structured course
The course has been organised in such a manner; where a vast variety of material is covered.
-
Jamie Palmer May 20, 2021
Interesting course
I’ve completely learnt something new to me. When I commenced the course I didnt have any idea about the subject.
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I am an expert in the field of reinsurance and insurance. I have extensive knowledge and experience in understanding the relationship between insurance and reinsurance, as well as the various concepts and practices involved in reinsurance contracts. I can provide you with detailed information on the topics mentioned in the article you provided.
Let's start by breaking down the concepts mentioned in the article:
Reinsurance and Insurance Relationship:
Reinsurance is a process in which insurance companies transfer a portion of their risk to other insurance companies, known as reinsurers. This helps insurance companies manage their exposure to large losses and maintain financial stability. Reinsurance contracts are different from insurance contracts in terms of the parties involved and the specific terms and conditions.
Role of Policyholders in Reinsurance:
Policyholders, also known as the buyers or reinsured, play a crucial role in reinsurance cases. They seek reinsurance coverage to reduce their losses that may arise from risky situations. By obtaining reinsurance, policyholders can protect themselves against potential financial burdens resulting from claims made by their insured clients.
Stakeholders in Reinsurance:
Various stakeholders are involved in reinsurance cases. These include insurance companies, reinsurers, policyholders, brokers, and other intermediaries. Each stakeholder has a specific role and interest in the reinsurance process.
Types of Reinsurance:
Reinsurance can be categorized into different types based on the proportional or non-proportional nature of the coverage. Proportional reinsurance involves sharing the risk and premiums between the insurer and reinsurer based on a predetermined percentage. Non-proportional reinsurance, on the other hand, provides coverage for losses that exceed a certain threshold.
Design, Pricing, and Contract Wordings:
Reinsurance contracts require careful design, pricing, and contract wordings. These aspects determine the terms and conditions of the reinsurance coverage, including the scope of coverage, premium rates, and claims settlement procedures. Legal issues may also arise from reinsurance cases, and it is important to consider the legal implications when structuring reinsurance contracts.
Reinsurance Markets and Features:
Reinsurance markets operate globally and have their own unique features. Understanding the dynamics of reinsurance markets is crucial for insurance companies and reinsurers to effectively manage their risks and make informed business decisions.
Integration of Reinsurance Practices:
Reinsurance practices are integrated into the business strategies of insurance companies. This integration involves considering the needs of insurers, corporate strategies, and other interrelated issues. By effectively integrating reinsurance practices, insurers can enhance their risk management capabilities and improve their overall financial performance.
These are the key concepts mentioned in the article. If you have any specific questions or would like more detailed information on any of these topics, please let me know.
