Key Learning Outcome:
At the end of the course, participants will be able to:
- Explain the various uses of reinsurance accounting.
- Explain the accounting related terms appearing in slips/wording for proportional and XL.
- Explain the basic outline of the administration process for a Proportional Treaty.
- Apply the use and application of the various accounting terms.
- Explain the basic outline of the administration process for an XL treaty.
- Apply the various use of excess of loss treaty accounting items.
- Explain the use and application of various accounting provisions.
- Explain the use and application of various accounting methods of unearned premium calculation.
- Explain the use and application of the commission alternatives.
- Analyse the various accounting principles and practice.
Course Content:
Day 1
-
Ice-breaking Session
- Introduction
- Source of Reinsurance Accounts
- Process Flow Proportional Treaty
- Proportional Account Items
- Process Flow – Excess of Loss Treaty
- Excess Loss of Accounting Items
Day 2
- Continuation of Excess of Accounting Items
- Other relevant clauses
- Unearned Premium Calculation
- Commission Method
- Flat %
- Sliding Scale Commission
- Exercise
Target Audience
- Reinsurance/Retakaful practitioners, reinsurance executives, treaty claims handlers, executives from regulatory bodies who are involved in retakaful/reinsurance.
- Anyone who wishes to have better understanding of the fundamentals in the preparation of technical reinsurance accounts.
Speaker Profile
YAP HONG PENG, CAROLINE
AMII & ACII
Caroline has over 25 years of experience in the reinsurance industry and her expertise involves reinsurance underwriting on motor and non-motor classes of insurance; claims management (motor and non-motor); client management (local and international insurers); reinsurance accounting;
credit control or debtor management; management of run-off reinsurance portfolios in Asia; commutation of reinsurance portfolios; and conducting in-house training.
Caroline is currently working as a claim analyst for one of the international reinsurance run-off company.
Date and Time
Date: 3 - 4 August 2022
Time: 9.00 a.m. - 4.00 p.m.
Registration Closing Date: 2 August 2022
Price
Early Bird (Register before 3 August 2022)
MII Member:
RM880 (Single), RM830 (Group)
Non Member:
RM1,050 (Single), RM1,000(Group)
International:
USD250 (Single), USD230 (Group)
Normal Fee
MII Member:
RM950 (Single), RM900 (Group)
Non Member:
RM1,100 (Single), RM1,050(Group)
International:
USD280 (Single), USD260 (Group)
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