Insurance · Reinsurance FinanceAdvanced
Reinsurance Essentials for Nepali Insurers
Treaties, facultative placements, compulsory cession and recoveries.
Taught by My Skill Lab Insurance Faculty · Insurance Practitioners
What you'll learn
- Explain the purposes of reinsurance: capacity, stability, catastrophe protection and capital relief.
- Calculate cessions and recoveries under quota share, surplus, excess of loss and catastrophe treaties.
- Describe Nepal's reinsurance market, the role of Nepal Re and Himalayan Re, and the compulsory cession requirement.
- Place a facultative risk with a complete submission and correct documentation.
- Prepare treaty accounts, bordereaux and loss advices, and reconcile balances with reinsurers.
About this course
For reinsurance, underwriting and finance staff at Nepali insurers and reinsurers. Learn why insurers reinsure, how proportional and non-proportional treaties work, how the domestic reinsurers Nepal Re and Himalayan Re fit with international markets, how compulsory cession has evolved, and how to run accounts, bordereaux and recoveries cleanly.
Course content
5 lessons- 1Why Insurers ReinsureCapacity, stability, catastrophe protection and capital relief.Preview
- 2Proportional Treaties: Quota Share and SurplusHow premium and claims are shared in proportion.
- 3Non-Proportional Treaties: Excess of Loss and CatastropheProtection against large single losses and catastrophic events.
- 4Nepal's Reinsurance Market and Compulsory CessionNepal Re, Himalayan Re, foreign reinsurers and the rules on cession.
- 5Facultative Placement, Accounts and RecoveriesFrom submission to bordereau to collecting the money.