CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Principles of Reinsurance: Self-Study Video

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
1 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
3218061VID
Revision Date
December 30, 2021
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

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: Self-Study Video

Expert Instructors
Format
CPE CREDITS
1 Credits: Finance

$70.00

Icon_Self-Study
Self-Study
Icon_Level
Overview
Credits
CPE Credits
1 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
3218061VID
Revision Date
December 30, 2021
Prerequisites

None

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

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: Self-Study Video

Expert Instructors
Format
CPE CREDITS
1 Credits: Finance

$70.00