Ratings, Regulations, and Reinsurance

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Level: Intermediate

Why you need this course:
After completing this course, you'll be able to understand reinsurance and its uses. You'll also gain an understanding of how financial ratings are assigned and how financial examinations relate to solvency regulation.

Upon successful completion of this course, you should be able to:

  • Identify the six principal functions reinsurance performs for primary insurers
  • Explain the differences between treaty and facultative reinsurance
  • Describe the two types of pro rata reinsurance:
    • Quota share
    • Surplus share
  • Distinguish among the five types of excess loss reinsurance:
    • Per risk excess of loss
    • Catastrophe excess of loss
    • Per policy excess of loss
    • Per occurrence excess of loss
    • Aggregate excess of loss
  • Identify the four types of benchmarking and how each can be used to determine best practices for an organization
  • Describe how financial ratings are assigned to an insurer
  • Explain why financial examinations are critical to the process of solvency regulation
  • Describe the benefits of risk-based capital requirements
  • Explain how collected data can be used to calculate rates

Cost: $20 per Professional Development Hour (PDH). Information on Professional Development Hours (PDH) provided can be found here.

Ratings, Regulations, and Reinsurance Topics Include:

  • Reinsurance functions
  • Treaty and facultative reinsurance
  • Pro rata reinsurance
  • Excess of loss reinsurance
  • Benchmarking
  • Insurer rating tests
  • Monitoring insurer financial performance
  • Risk-based capital requirements
  • Adjusting ratemaking data

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(610) 644-2100 (Outside the U.S. and Canada)
Fax: (610) 640-9576
Mail: The Institutes
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Suite 100
Malvern, PA 19355-3433
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Phone: (800) 644-2101

Customer Service hours are Monday through Friday, 8:00 a.m. to 6:00 p.m. eastern time.

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