CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

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Principles of Reinsurance

Icon_Self-Study
QAS Self-Study
Icon_Level
Overview
Credits
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 Headshot
Paul J. Winn CLU ChFC

Paul 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

Expert Instructors
CPE CREDITS
3 Credits: Finance

$87.00$107.00

Clear
Icon_Self-Study
QAS Self-Study
Icon_Level
Overview
Credits
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 Headshot
Paul J. Winn CLU ChFC

Paul 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

Expert Instructors
CPE CREDITS
3 Credits: Finance

$87.00$107.00

Clear