Upcoming Event
In-person Only

Reinsurance International Study Course

Join the RISC cohort for 2025 – are you ready to advance your career and become a trusted professional for all matters involving reinsurance?

15 CIP Points

Sunday, 10 – Wednesday, 13 August 2025

Hawkesbury Valley, Windsor, New South Wales
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Overview
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This intensive learning program is led by some of the industry's senior experts and combines hands-on syndicate group work, expert presentations, knowledge sharing and team building activities. Participants can immediately apply their learning to real-life scenarios including designing and testing the optimal reinsurance program. 

What Makes RISC Unique?

  • Exclusive learning opportunity: Participants will get access to, and guidance from, senior practitioners who are among the industry’s top reinsurance experts. All have deep technical expertise honed from decades of international and regional industry experience.
  • Uniquely structured: Four days of intensive experiential learning that combines hands-on syndicate group work, expert presentations and knowledge sharing.
  • Active learning: Participants are grouped into syndicates and immersed in a real-life case study to design and test the optimal reinsurance program. Using physical tools , they will be mentored by a syndicate adviser in a small group to collaborate on the creation of the reinsurance program.
  • Assessment benefits: Participants that complete all the assessments can gain credit towards their ANZIIF membership. They also are eligible to claim a digital badge, which can be shared via LinkedIn, email or a variety of other online formats.
  • Course inclusions: Accommodation, meals and activities are provided throughout the four days, as well as complimentary return transport from Sydney CBD.

For further information, please contact the ANZIIF Events Team.


LEARNING OUTCOMES:

At the conclusion of RISC, participants should be able to demonstrate proficiency in four key areas:

1. STRATEGIC

  • Articulate the importance of reinsurance in relation to a company’s strategy, growth and underwriting philosophy.
  • Demonstrate how a company’s reinsurance program interacts with risk appetite and Board expectations.
  • Analyse how reinsurance programs interact with portfolio management and underwriting practices also accounting for market dynamics.
 

2. FINANCIALS

  •  Analyse and interpret the impact of current reinsurance on a company’s financial position. Forecast a company’s financial position based on changes to the reinsurance program. 

     

3.TECHNICAL

  • Distinguish between the types of reinsurance: facultative (foundational), property quota share, property surplus, property risk excess of loss, property catastrophe, casualty.

  • Choose the types of reinsurance applicable to specific portfolios/ classes of business.

  • Describe how various reinsurance programs interact.

  • Review and understand reinsurance contract wording.

  • Demonstrate an understanding of catastrophe modelling.

  • Apply the following tools to monitor underwriting performance at portfolio level:     

  •        Risk profiles 

  •        Large loss reports 

  •        Underwriting results 

 

4. REGULATORY REQUIREMENTS

  • Explain the regulatory minimum standard requirements for reinsurance – primarily the Insurance Capital Risk Charge (ICRC) (Australia). Other regimes include RBNZ MSC (New Zealand) and MSR (Pacific Island).

  • Describe the purpose and calculation of the Natural Perils Vertical Requirement (NPVR) and Natural Perils Horizontal Requirement (NPHR) in deriving the ICRC and PCA multiple.

  • Illustrate the relationship between reinsurance programs and regulatory capital requirements. 



5. STRUCTURING A REINSURANCE PROGRAM

  • Implement all learnt concepts into a Board report.

 

NETWORKING

In addition to learning about reinsurance, participants who attend RISC have the opportunity to build meaningful professional relationships that last well beyond the course.

 

Andrew Allison

Principal

Allison Group Consulting

Andrew Allison

Principal

Allison Group Consulting

Andrew has experience in all facets of reinsurance during his extensive career with companies including Capital Group PNG, Allianz, Representing Lloyds through CBD Underwriting, Gen Re, GIO Re, Skandia in UK and Australia.

He also has Board experience with Insure That, CBD Underwriting, Lox Sports, Elan Vital Australia, AS Harrison and Harrison Manufacturing.

He is previous chair of the Reinsurance Study Course, ANZIIF Reinsurance Faculty, ANZIIF Reinsurance Rendezvous and served for many years on the ANZIIF Journal Committee.

 

Teresa Aquilina

Senior Vice President

Guy Carpenter

Teresa Aquilina

Senior Vice President

Guy Carpenter

Teresa started off her Reinsurance career 30 years ago with NRG Victory. After 5 years Teresa commenced with a new company, ReAC as a property underwriter covering USA and ANZ.

Following ReAC, she then worked at Swiss Re in Sydney as a Client Manager before moving over to the products side as a Senior Casualty Treaty Underwriter where she stayed for 13 years.

Teresa’s current role is a change from her previous roles and is at Guy Carpenter as a Senior Broker where she has been for 10 years. Teresa is a Fellow of the Australian and New Zealand Institute of Insurance and Finance and has been on committee for RISC for the past few years, including presenting at the course and a syndicate advisor.

Simon Chandler

Simon Chandler

Executive Director

Howden Tiger

Simon Chandler

Executive Director

Howden Tiger

This year marks Simon’s 42nd year in the Insurance Industry; 10 years working in the London Market and over 31 years working here in Australia.

Simon has been a Reinsurance Broker and Programmes & Binders specialist for over 35 years; as well as working for Allianz Australia for 5 years (where he was the Senior Manager for Sompo).

Simon is delighted to work at Howden Tiger. Simon is an ANZIIF (Fellow) CIP.

Simon is extremely proud that 2023 marks the 31st year he has been involved in the Reinsurance Study Course (since arriving in Australia in 1991). Simon was the RISC President for 5 years and he spent 8 years on the Organising Committee. Simon is far older than he looks!

Victoria Clifford

Victoria Clifford

Consultant

Victoria Clifford

Consultant

Victoria has more than 20 years in the (re)insurance industry.

She began her career at Munich Re on the Graduate Training Programme, and from there moved into both facultative and treaty roles underwriting Property, Marine and Agriculture risks. 
From there she moved to Allianz Australia, to look after their Rural portfolio, farmpack and crop insurance.

From there she then moved to Hannover Re, when they established their local officer in Sydney, responsible for Property and Agricultural treaty business. Victoria has been involved with RISC for at least the past five years as a Committee member, Syndicate Advisor and Presenter.

Jurgen Hoffman

Consultant

Australian Prudential Regulation Authority (APRA)

Jurgen Hoffman

Consultant

Australian Prudential Regulation Authority (APRA)

Jurgen has over 35 years’ experience in the finance sector, and most recently held the position of Head of Insurance Risk at the Australian Prudential Regulation Authority (APRA) for 7 years.

Prior to APRA, Jurgen held senior positions within the insurance industry and has worked for companies such as Allianz, Gerling and QBE. He also lectured at the University of Technology Sydney (UTS) for 8 years on Reinsurance, and is a strong supporter of continuous education. Jurgen recently formalised his love of training by completing the Diploma of Training and Development and is currently teaching at TAFE, NSW.

Attending RISC as a participant in 1984, Jurgen returned to RISC as a Syndicate Advisor in 1997 and has maintained that role ever since. In 1998 he also presented at RISC for the first time, and joined the RISC Organising Committee in 2006. Jurgen continues to present and offer his time as a Syndicate Advisor and Organising Committee member.

Jurgen also joined ANZIIF’s Reinsurance Faculty Advisory Board in 2012 and has served as a committee member of the Reinsurance Discussion Group in Sydney.

Bo Jiang

Bo Jiang

Senior Vice President, Treaty Broking, Australia

Guy Carpenter

Bo Jiang

Senior Vice President, Treaty Broking, Australia

Guy Carpenter

Bo joined Guy Carpenter in 2022 as a Senior Vice President in Treaty Broking for the Australasia market. He has over 15 years of experience working in the reinsurance industry across underwriting, broking, and analytics, servicing clients from Australia, New Zealand, South East Asia and Greater China.

Bo is a Fellow of the Institute of Actuaries of Australia and a Fellow of ANZIIF. He has a Master of Commerce degree in Actuarial Studies from Macquarie University and an MBA (Executive) from the Australian Graduate School of Management, UNSW.

Irene Lai

Irene Lai

Group Head of Underwriting Governance, Sustainability, and Standards

QBE

Irene Lai

Group Head of Underwriting Governance, Sustainability, and Standards

QBE

Irene has over 17 years experience in insurance and reinsurance. She has held a variety of roles including as a capital modeller, catastrophe reinsurance underwriter, reinsurance actuary, and has been with QBE since 2015.

In her current role as the Group Head of Underwriting Governance, Sustainability and Standards in the Group Chief Underwriting Office her current remit includes working with the business to deliver QBE's commitments - including interim targets to net-zero in underwriting. Irene is a Fellow of the Faculty and Institute of Actuaries, and a Graduate of the Australian Institute of Company Directors.

Irene has also held the role of President of the NSW RDG Reinsurance Discussion Group for a number of years, and actively participates in industry committees or working groups including the UN-convened Net Zero Insurance Alliance working group that set a Standard for GHG Reporting for re/insurance underwriting portfolios and a Target Setting Protocol.

Carl Longmore

Carl Longmore

Senior Specialist RI

Suncorp

Carl Longmore

Senior Specialist RI

Suncorp

After a brilliantly brief career as a burglar alarm salesman, Carl joined the Sun Alliance insurance company in 1989 in Glasgow, Scotland. He trained as a commercial property underwriter and spent nine years in RSA’s overseas head office in Horsham, England which included secondments to Canada and The Philippines.

He spent a further year in RSA’s European head office in London before re-locating to Sydney in 2000, specialising in reinsurance placement with RSA, Promina, Vero and Suncorp.

Tobias Pfau

Tobias Pfau

Manager Underwriting and Reinsurance

Unimutual

Tobias Pfau

Manager Underwriting and Reinsurance

Unimutual

Tobias joined Gen Re in Cologne, Germany in 2000 after completing a masters degree in business and economic sciences. Tobias worked to support treaty underwriting for the French and Australian markets and after four years, moved to Sydney joining Gen Re in Australia where he focused on property and catastrophe reinsurance. In 2014 he became the Chief Underwriter in the Asia Pacific region.

In 2021 Tobias joined Unimutual as Manager Underwriting and Reinsurance. He is a Fellow CIP member of the Australian and New Zealand Institute of Insurance and Finance and a member of the Australian Institute of Company Directors.

In over 20 years in the insurance and reinsurance industry Tobias developed a strong reputation in the domestic and international markets as a leading underwriter.

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Thank you to our sponsors

Are you interested in sponsorship opportunities for this event? For more information on how your organisation can benefit as a sponsor of this leading professional development event, please contact Barbara Maruno, Partnerships Manager by email at [email protected].

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