This unit will be available to enrol from the fourth quarter of 2022. 
Skills Unit
RI30001-20

Negotiate treaty reinsurance

This unit describes the skills and knowledge required to analyse, prepare and negotiate reinsurance in accordance with organisational guidelines and procedures.

This unit applies to individuals working in job roles involving specialist knowledge and functions in a range of insurance sectors and may be applied within organisations of various sizes and across a range of client bases.

10 CIP Points
Negotiate treaty reinsurance
AUD $425
General Insurance Reinsurance
5-week Study Period
10 Credit Points
Specialised

What you'll learn

By the end of this learning pathway, you should have the skills to apply to:

  • Prepare a reinsurance submission
  • Select a reinsurance supplier
  • Negotiate terms and conditions of an agreement
  • Manage treaty transactions

Competencies

FNSISV524 Negotiate treaty reinsurance

Topics Covered

Week 1

  • Introduction to Week 1
  • Indemsure 
  • The role of the reinsurance broker
  • Reinsurance
  • Treaty reinsurance methods
  • Proportional treaties
  • Non-proportional treaties
  • Non-proportional treaty categories
  • Reinstatements
  • Preparing a reinsurance submission or renewal
  • Indemsure’s treaty program

Week 2

  • Introduction to Week 2
  • Preparing the submission
  • Pre-renewal discussions
  • Regulatory framework
  • The submission pack
  • Review and analysis of the renewal submission pack
  • Modelling
  • The final submission pack
  • The renewal approach

Week 3

  • Introduction to Week 3
  • The reinsurance market
  • Selecting a reinsurer
  • Finalising the renewal submission for quotation
  • The broke
  • Pricing reinsurance
  • The resulting quotations
  • Selecting the quotations
  • Reinsurance contracts
  • Placement
  • Placing the renewals in the reinsurance market
  • Securing the placements
  • Finalising the placements

Week 4

  • Introduction to Week 4
  • Reinsurance claims
  • Proportional treaty claims
  • Bordereaux
  • Non-proportional treaty claims
  • Reinstatement of a reinsurer’s limit
  • Accounting for non-proportional reinsurance treaties
  • Managing premiums and claims
  • Coverage, reporting and technical requirements
  • Reviewing the renewal
  • Conclusion

Assessment

1 Exam and 1 Interactive Simulation

10 CIP Points
Negotiate treaty reinsurance
AUD $425
General Insurance Reinsurance
5-week Study Period
10 Credit Points
Specialised