A Practical Workshop in REINSURANCE ACCOUNTING
Programme Highlight
The 2-day workshop will be an interactive and comprehensive workshop which will help you in your understanding and application of reinsurance accounting.
Key learning Objectives
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At the end of the course, participants will be able to:
• Know the different types of reinsurance contracts and their applications.
• Understand and apply the treatments of business based on accounting systems.
• Understand and apply the treatment of year end accounts.
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Key Course Contents
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Introduction to Reinsurance & Types of Reinsurance Contracts.
• Different treatments of business based on accounting system: Accounting year, Underwriting year or Occurrence Year.
Accounting System.
• Introduction to Proportional Reinsurance
• Application of accounting system on prop treaties Proportional reinsurance.
Contract wordings/Important clauses.
• Important clauses that will affect accounting
Year-end calculations
• Profit commissions and different kinds of commission calculations.
Accounting Systems, Non-proportional reinsurance.
• Introduction to non-proportional reinsurance
• Life cycle of a non-proportional treaty
• Reporting of Losses
• Non-proportional Premium
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Who Should Attend
•Reinsurance/retakaful practitioners, reinsurance executives, treaty claims handlers, executives
with regulators who are involved in retakaful/reinsurance.
•Anyone wishing to have better understanding of the fundamentals involved in the preparation of technical reinsurance accounts.
Fees
| Category |
Local Fee (RM) |
International Fee (USD) |
| Non-Member (1-2 Pax) |
1764 |
550 |
| Group (Non Member) |
1679 |
530 |
| Group (Member) |
1524 |
- |
| Member |
1604 |
- |
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