Key learning Outcomes
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At the end of the course, participants will be able to:
• Explain the different types of treaty contract and it application
• Explain the basic outline of the contract document or check the composition of a contract using the information from the study material.
• Explain the risk details for a simple proportional treaty contract using the information from the study material
• Explain the risk details for a simple excess of loss treaty contract using the information from the study material
• Analyse the various clauses applicable to a proportional contract
• Analyse the various clauses to an excess of loss contract
• Analyse the advantages and disadvantages of its use or application in the contract
• Explain how contract certainty can be achieved
• Explain the requirements/pitfalls to drafting or checking
• Apply what they have gained from the course from the course to discuss/negotiate on contract wording construction
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Key Course Contents
Day 1
• Icebreaking
• Background information
• Structure of a treaty contract
• Risk details - Proportional Treaties
• Clauses - Proportional Treaties
• Clauses - Excess of Loss Programme
Day 2
• Continuation of Clauses – Excess of Loss Programme
• Warranties, Conditions Precedent and Exclusions.
• Contract Certainty
• The Process
• Case Study
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Who Should Attend
•Reinsurance/retakaful practitioners, reinsurance executives, treaty claims handlers, executives with regulators who are who are involved in retakaful/reinsurance
• Anyone wishing to have better understanding of treaty reinsurance/retakaful clauses.
Fees
| Category |
Local Fee (RM) |
International Fee (USD) |
| Non-Member |
1490 |
400 |
| Group (Non Member) |
1430 |
380 |
| Group (Member) |
1220 |
- |
| Member |
1280 |
- |
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