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    Reinsurance: Advanced Concepts

    Build and apply your reinsurance skills

    You’ve covered the essentials of reinsurance. But don’t stop there! Take your skills to the next level with our advanced course.

    “Reinsurance: Advanced Concepts” provides an excellent opportunity for hands-on, in-depth learning and lets you discuss, practice and apply the expertise that you’ve already developed in the field of reinsurance.

    During this two-day course, you’ll immerse yourself in the real-world challenges faced by today’s reinsurance professionals. Working in small groups and using a powerful blend of case studies, problem-solving exercises and lecture, you’ll have the opportunity to tackle today’s most critical reinsurance issues with the help of your peers and other reinsurance experts.

    For experienced reinsurance individuals, the “Reinsurance: Advanced Concepts” course builds on the knowledge gained in “Reinsurance: Management and Accounting” and focuses on advanced topics with greater depth and application.

    You’ll learn how to:

    • More effectively interpret and analyze reinsurance contracts
    • Address claim and collection issues
    • Effectively deal with statutory/regulatory issues
    • Determine when and how to perform reinsurance audits
    • Facilitate reinsurance dispute resolution
    • Identify key information for arbitration and litigation
    • Initiate a commutation
    • Recognize and deal with solvency issues

    Who should attend?

    This course is designed for:

    • Insurance professionals who have strong field experience in reinsurance
    • Those who have just completed the “Reinsurance: Management and Accounting” course.

    Reinsurance contract analysis

    • Reviewing treaties for effective implementation
    • Interpreting treaty clauses: intent and implications
    • Company and reinsurer perspectives when ceding coverage
    • Use of intermediaries
    • “Build Your Own Treaty” — participants will have the chance to create a reinsurance contract that will be reviewed by faculty experts

    Reinsurance and the credit crisis

      Reinsurance accounting issues

      • Financial impact of reinsurance programs
      • Risk transfer, attestion and documentation: SSAP #61 and #62 and the impact on your organization
      • Retroactive reinsurance: the “Nine Month Rule” and the impact on your organization

      Statutory/regulatory concerns

      • A review of model acts and their intent and purpose
      • NAIC accounting practices/procedures and codification
      • Solvency — current concerns and risk analysis

      Reinsurance claim and collection issues

      • Proactive approaches to claims allocation
      • Reinsurer vs. cedent perspectives
      • Effective collection strategies

      Developing and using the coverage chart, which is rated as one of the most effective techniques to communicate reinsurance coverage issues

      • Illustrating coverages/overlaps/gaps
      • Presentation techniques
      • Conducting a reinsurance claim exposure analysis

      Determining the need for a reinsurance audit

      • Access to records clause: what can be reviewed and when?
      • Auditing third parties
      • Forensic audits in arbitration and litigation
      • Auditing treaties in run-off

      An in-depth look at reinsurance dispute resolution

      • Arbitration and litigation
      • Commutation
      • Solvency issues

      Alan Kadon

      Alan J. Kadon, CPCU, has worked in the insurance industry for nearly 30 years. He currently has a consulting practice in Chicago that specializes in audits, collections, commutations, litigation support, reinsurance claims, and reinsurance systems support. Kadon has worked for several large property and casualty companies in developing, implementing and monitoring claim and premium processing systems for both personal and commercial lines of business, and has served as acting general manager, vice president, and chief financial officer of a mid-size carrier. He has a background in environmental insurance issues and has helped numerous companies to evaluate and quantify their asbestos and environmental exposures.

      Evan Bennett

      Evan D. Bennett is the director of reinsurance consulting with Blackman Kallick Bartelstein LLP in Chicago, Ill. He has over 25 years of experience in both the property and casualty and the life and health insurance and reinsurance industries. Evan has been involved with numerous insurance and reinsurance projects, including reinsurance audits, reinsurance contract and risk transfer analysis, and operational and financial reviews. He also has served as an expert witness and consultant on various arbitration and litigation projects throughout his consulting career. Evan has authored/co-authored several articles on reinsurance audit/accounting issues for various industry publications, has served as the chairperson of the Illinois CPA Foundation Insurance Companies Special Interest Group and has spoken at numerous industry conferences. He is also a member of the Society of Insurance Financial Management, and an affiliate member of the Illinois CPA Society.