Reinsurance: Advanced Concepts
Case studies will be used throughout the 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
Schedule
Evening before course — 5:30 – 7:30 p.m. Optional dinner
Days 1 and 2 — 8:00 a.m. – 4:30 p.m. Session
The University of Wisconsin–Madison, as a member of the University Continuing Education Association (UCEA), authorizes this course for 1.5 Continuing Education Units (CEUs) or 15 hours.
gsrenaski@exed.wisc.edu