Description:
Basic accounts, adjustments, portfolio activity, aggregates and unusual covers are topics covered in this program. Illustrations are drawn from actual contracts; the participant is exposed to the complete range of accounting transactions.

Course Objectives:

• Increase the participant's understanding of reinsurance contract interpretation
• Enable participant to perform accounting requirements for each unique reinsurance agreement; including adjustments, unusual features, special areas
• Develop participant's ability to read and understand the accounting implications of reinsurance contracts
• Provide a reference for all forms of reinsurance accounting transactions

Course Agenda:

• Reinsurance Transaction Types and Forms
• Treaty Attachment Bases
• Gross-Ceded-Net
• Accident, Calendar and Underwriting Year of accounts
• Reinsurance Premiums and Losses
• Proportional accounting provisions including Ceding commissions and Profit Sharing techniques
• Non-Proportional accounting provisions including Loss Adjustment Expenses treatments, Ultimate Net Loss calculations and Reinstatement provisions
• Current Issues

CPCUs attending this course will be awarded 15 CPD points under the Continuing Professional Development Program for CPCUs

Please contact IRU at 908-203-0211 for more information or to schedule an in-house training session for your company.