Overview
The Executive Certificate in Reinsurance strengthens professional understanding of reinsurance principles, risk-sharing arrangements, and the operational role of reinsurance within modern insurance environments.
Reinsurance plays a critical role in insurance risk management by enabling insurers to transfer portions of their risk exposure to reinsurers, thereby supporting underwriting capacity, financial stability, portfolio protection, and long-term organizational resilience. Reinsurance arrangements also help insurers manage large or catastrophic risks while supporting sustainable insurance operations.
The programme provides structured learning across key areas including the purpose and functions of reinsurance, the role of reinsurers and reinsurance brokers, reinsurance markets, contractual arrangements, and risk transfer mechanisms used within reinsurance operations. Professionals undertaking the programme strengthen their understanding of how reinsurance supports underwriting operations, capital management, risk distribution, and insurance portfolio stability.
The programme also examines the main types and structures of reinsurance, including facultative and treaty arrangements, as well as proportional and non-proportional reinsurance methods used to distribute risk effectively across insurance portfolios. Additional focus is placed on reinsurance placement, pricing considerations, claims processes, and emerging trends influencing regional and global reinsurance environments.
By combining technical reinsurance principles with practical operational understanding, the programme supports the development of effective reinsurance capability within insurance organizations.
Professional Recognition
The Executive Certificate in Reinsurance strengthens professional capability in reinsurance operations, underwriting support, insurance risk management, and portfolio protection through structured professional learning and applied industry understanding.
Professionals who successfully complete the programme demonstrate strengthened understanding of reinsurance principles, reinsurance structures, risk-sharing mechanisms, reinsurance programme management, and the operational role of reinsurance within insurance environments.
The programme contributes to continuous professional development by strengthening readiness to contribute effectively within underwriting operations, reinsurance environments, risk management functions, and insurance portfolio management activities.
Who Should Enrol
This programme supports professionals involved in underwriting, reinsurance operations, insurance risk management, and technical insurance functions, including:
- insurance underwriters and underwriting managers
- reinsurance officers and reinsurance analysts
- insurance brokers and intermediaries handling large or complex risks
- insurance agents and financial advisers seeking deeper industry understanding
- risk and compliance professionals within insurance organizations
- professionals seeking to strengthen capability in reinsurance and insurance risk management
What You Will Learn
Those undertaking this programme will strengthen their understanding and practical application of:
- the role and importance of reinsurance within insurance operations
- key players and structures within reinsurance markets
- treaty and facultative reinsurance arrangements
- proportional and non-proportional reinsurance methods
- reinsurance placement, pricing, and broker involvement
- reinsurance underwriting and risk-sharing principles
- the role of reinsurance in supporting underwriting capacity and portfolio stability
- reinsurance claims processes and operational considerations
Learning Pathway
This programme forms part of the organization’s structured learning pathway framework supporting professional development across underwriting, reinsurance operations, insurance risk management, portfolio protection, and technical insurance practice areas.
Certification
Professionals who successfully complete the programme requirements will receive the Executive Certificate in Reinsurance together with a digitally verifiable professional certification credential recognizing successful completion and demonstrated understanding of reinsurance principles and reinsurance operations.
The programme strengthens understanding of reinsurance structures, underwriting support, risk-sharing arrangements, and portfolio management practices within insurance environments.
Related Programmes
This programme complements other advanced technical insurance and underwriting programmes across the organization including:
- Executive Certificate in Risk Management and Insurance
- Executive Certificate in Insurance Underwriting Management
- Executive Certificate in Insurance Claims Management
These programmes collectively strengthen professional capability across underwriting operations, insurance risk management, portfolio protection, claims operations, and technical insurance practice.
Download BrochureLearning Outcomes
By the end of this course, you should be able to:
- Understand the purpose of Reinsurance and the parties to a Reinsurance Contract;
- Explain the Principles of Insurance as applicable to a Reinsurance Contract;
- Describe the features, practical application and operation of Facultative Reinsurance – inclusive of both Proportional and Non-Proportional Treaty;
- Understand how the principles of Reinsurance are applied to the design of reinsurance programmes and market practices;
- Describe the process of collection, interpretation, and usage of data (statistics) in the design of a Reinsurance Programme;
- Understand the Regional and Global Reinsurance markets;
- Examine the accounting methods for different types of Reinsurance;
- Understand the main aspects of Property, Casualty, Marine, and Aviation reinsurance; and
- Understand the main aspects of Life and Medical Reinsurance.
Course Outline
- 1.1: Learning Outcomes
- 2.1: Reinsurance Terminology
- 2.2: The Purpose of Reinsurance
- 2.3: Different Purchasers and Providers of Reinsurance
- 2.4: The Contractual Relationship Between the Parties
- 2.5: The Role of The Retrocedant and Retrocessionaire
- 2.6: The Role of the Broker/ Intermediary in the Reinsurance Process
- 2.7: Introduction to Retakaful and Retrotakaful
- 3.1: Reinsurance Methods
- 3.2: Premium Income
- 3.3: Retrocession
- 3.4: Alternative Risk Transfer (ART) Products
- 4.1: Facultative Reinsurance Methods
- 4.2: Premium and Claim Calculation Methods for Proportional and Excess of Loss Reinsurance
- 5.1: Features and Operation of Proportional Treaties
- 5.2: Ceding Commissions
- 5.3: Flat Rate and Sliding Rate
- 5.4: Premium and Claims Reserves
- 5.5: Cession and Event Limits in Proportional Treaties
- 5.6: Loss Participation Clauses in Proportional Treaties
- 6.1: Features and Operation of Non-Proportional Treaties
- 6.2: The Bases of Cover
- 6.3: The Difference Between Risk Excess and Catastrophe Excess
- 6.4: Event Limits
- 6.5: Reinstatements
- 7.1: Design, Selection and Placing of Reinsurance
- 7.2: Reinsurance Market Practices
- 7.3: Legal Issues
- 7.4: Contract Wordings
- 8.1: The Principal Global Markets
- 8.2: Market Characteristics
- 8.3: Characteristics of Hard and Soft Markets – The Market Cycle
- 8.4: Security of Reinsurance
- 9.1: Facultative and Proportional Reinsurance
- 9.2: Non-Proportional Reinsurance
- 9.3: General
- 10.1: Property
- 10.2: Casualty
- 10.3: Marine
- 10.4: Aviation
- 11.1: Underwriting Characteristics
- 11.2: Reinsurance Methods in Life and Medical Reassurance
- 11.3: Terms and Conditions in Life and Medical Reassurance
