The British Academy for Training and Development offers this training program in Insurance and Reinsurance, designed to equip professionals with the specialized knowledge and practical skills required to understand the modern insurance system and advanced reinsurance mechanisms.

With the continuous expansion of insurance markets and the increasing business-related risks, there is a growing need for specialists who possess a deep understanding of insurance coverages and can design reinsurance programs that ensure the sustainability and financial flexibility of companies.

This program aims to provide a comprehensive understanding of the fundamentals of insurance, its various types, technical components, and claims processing mechanisms, alongside a detailed explanation of reinsurance concepts and types, highlighting its crucial role in risk management and portfolio balance. It also emphasizes regulatory and legal aspects governing the sector, underlining the importance of governance and compliance in a highly sensitive financial environment.

Who Should Attend?

• Employees of insurance companies and professionals seeking to specialize in reinsurance.

• Staff working in risk management and insurance departments within large organizations.

• Bank and financial institution employees directly involved in insurance activities.

• Financial advisors and legal accountants dealing with insurance contracts.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Gain a deep understanding of fundamental insurance concepts and their various types.

• Clarify reinsurance mechanisms and their role in alleviating financial burdens on insurance companies.

• Analyze insurance documents and accurately understand terms, conditions, and exclusions.

• Enhance skills in handling insurance claims and managing special cases.

• Raise awareness of legislation regulating the insurance industry, along with governance and compliance principles.

• General Principles of Commercial Insurance

  • Definition of insurance and its main principles.

  • Risk distribution and transfer between parties.

  • Differences between mandatory and voluntary insurance.

• Types of Insurance Coverages

  • Property insurance and natural hazard coverage.

  • Marine, aviation, and transportation insurance.

  • Liability and personal accident insurance.

• Components of the Insurance Policy and Technical Contents

  • Key information of the insured.

  • General and specific terms, conditions, and exclusions.

  • Coverage limits and insured amounts.

• Claims Processing Mechanisms

  • Submission and settlement of claims.

  • Role of the actuarial expert in evaluation.

  • Steps for claim examination and decision-making.

• Introduction to Reinsurance and Its Objectives

  • Redistributing risks to reinsurers.

  • Contractual relationship between the insurance company and the reinsurer.

  • Ensuring company stability and achieving financial balance.

• Types of Reinsurance Agreements

  • Proportional agreements: quota share and surplus.

  • Non-proportional agreements: stop-loss and excess-of-loss.

  • Facultative versus treaty reinsurance.

• Reinsurance Portfolio Management

  • Risk analysis and effective distribution.

  • Determining optimal capacity.

  • Collaboration with international reinsurance companies.

• Technical Pricing and Risk Analysis

  • Principles and determinants of pricing.

  • Use of statistical data and mathematical models.

  • Calculation of premiums and estimation of expected losses.

• Regulatory Framework of the Insurance Industry

  • Local and international laws and regulations.

  • Obligations of insurance companies toward clients.

  • Anti-fraud and anti-manipulation rules in insurance.

• Governance and Compliance in the Insurance Sector

  • Role of regulatory and supervisory authorities.

  • Principles of transparency and disclosure.

  • Dispute management and protection of parties’ rights.