QAS Self-Study
Overview
CPE Credits
3 Credits: Finance
Course Description
Principles of Reinsurance begins with a discussion of the origins and history of reinsurance in the life insurance and property & casualty industries. It examines the types of reinsurance available in the current market and their uses in enabling management to achieve particular objectives. The customary reinsurance agreements and their specific applications are discussed. The operation of reinsurance is examined with respect to claims payment, changes in risk, duration of agreements, experience rating, supplementary coverages and substandard issues, and the factors typically considered in a primary insurer’s establishment of retention limits are discussed. In conclusion, the current reinsurance environment is examined and the regulation of reinsurance is discussed.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Describe the historical context in which reinsurance operates
- Differentiate the types of reinsurance available in the marketplace and their purposes
- Identify the typical reinsurance agreements and their application
- Explain the operation of reinsurance with respect to claims payment, risk changes, experience rating, supplementary coverages and substandard issues
- Describe the factors that influence a primary insurer’s establishing of retention limits
- Recognize the reinsurance environment, its regulation and vocabulary
- List the possible use of reinsurance to finance life insurance company demutualization, mergers and acquisitions
Course Specifics
|
Course ID 3218060 |
Revision Date December 21, 2021 |
Number of Pages 72 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Paul J. Winn CLU ChFC is a writer with more than 30 years experience in the life insurance and securities industry as an agent/registered representative, an agency head, a marketing vice president for a life insurance company and the president of a corporate registered investment adviser. He was a long serving member of the advisory board to the New York State insurance department. He is a published book author and creator of more than 200 taxation, insurance and securities training courses.
Principles of Reinsurance
$87.00 – $107.00
QAS Self-Study
Overview
CPE Credits
3 Credits: Finance
Course Description
Principles of Reinsurance begins with a discussion of the origins and history of reinsurance in the life insurance and property & casualty industries. It examines the types of reinsurance available in the current market and their uses in enabling management to achieve particular objectives. The customary reinsurance agreements and their specific applications are discussed. The operation of reinsurance is examined with respect to claims payment, changes in risk, duration of agreements, experience rating, supplementary coverages and substandard issues, and the factors typically considered in a primary insurer’s establishment of retention limits are discussed. In conclusion, the current reinsurance environment is examined and the regulation of reinsurance is discussed.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Describe the historical context in which reinsurance operates
- Differentiate the types of reinsurance available in the marketplace and their purposes
- Identify the typical reinsurance agreements and their application
- Explain the operation of reinsurance with respect to claims payment, risk changes, experience rating, supplementary coverages and substandard issues
- Describe the factors that influence a primary insurer’s establishing of retention limits
- Recognize the reinsurance environment, its regulation and vocabulary
- List the possible use of reinsurance to finance life insurance company demutualization, mergers and acquisitions
Course Specifics
|
Course ID 3218060 |
Revision Date December 21, 2021 |
Number of Pages 72 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Paul J. Winn CLU ChFC is a writer with more than 30 years experience in the life insurance and securities industry as an agent/registered representative, an agency head, a marketing vice president for a life insurance company and the president of a corporate registered investment adviser. He was a long serving member of the advisory board to the New York State insurance department. He is a published book author and creator of more than 200 taxation, insurance and securities training courses.
Principles of Reinsurance
$87.00 – $107.00