The Reinsurance Contract Wording Course is dominantly constructed to give a brief idea about each clause- their importance and specific purpose in the contract. The reinsurance practices & techniques have changed massively in recent years, hence creating more and more emphasis on reinsurance contracts, overview on the legal considerations, understanding the common clauses, principles of interpretation. Attendees will understand Incorporation of Clauses, Interpretation of Claims clauses and Choice of Law Clauses. This course intends to look into the types of Clauses, Consequences of breach/Violations, Solutions/Remedies to the Breach.Trainer will discuss the true basic nature of the Reinsurance Contract and the critical necessity of contract wording quality. This program pivotally revolves around advanced and up-to-the-minute issues of reinsurance contracts. Participants will learn the definition and function of Loss/ Aggregation Clauses & terms as well recent case studies on Aggregation. This course also explores the outer boundaries of contractual provisions and the various types of policies. In modern times, reinsurance structures and their contract wording has become more typical and complex, for this reason, core clauses and claim clauses with specific wording will also be briefed in the course. Clauses that areimportant in excess treaties will be a point of discussion in the entire session. This program will ensure your team fully understands the scope and effect of follow and settlement clauses.
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Reinsurance Contract Wordings
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| DAY 1 | |
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Session 1 : Introduction to Reinsurance Contract Wordings:
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Session 2: Nature of reinsurance contracts:
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Session 3 : Incorporation of Clauses:
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| BREAK | |
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Session 4 : Interpretation of Claims clauses:
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Session 5: Scope and Effect of Follow clauses and settlements:
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END OF DAY 1
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| DAY 2 | |
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Session 6 : As clear as Mud: Guidance on Loss/aggregation clauses:
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Choice of Law Clauses:
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Components of Dispute clauses:
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| BREAK | |
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Important Clauses in Excess Treaties
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Loss Dates falls for Different Policies Types:
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Recent Significant Case Studies
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END OF DAY 2
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Our Trainer is an accomplished Reinsurance Professional with over 30 years hands-on exposure to designing and negotiating Reinsurance Contracts with leading International reinsurers as Swiss Re, SCOR, Catlin, GIC Re et al. Have achieved optimal terms for start-up cedants with a view to facilitate growth and enhance market share. Negotiating all aspects of the treaty Program has been a forte to achieve best of breed solutions. This frequently encompassed incorporating clauses best suited for cedants with a view to manage exposure amidst suitable capacity. Treaty Programs and Facultative covers have been adroitly handled from a value-added perspective”
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Fee
Price $699
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| Asia (19th-20th April 2021 ) | |
| Africa (22nd-23rd April 2021) |
Fee charges are in USD
Registration fee only covers cost of all sessions & presentations. Fee is not inclusive of 9% Admin/Bank Charges.
Online Format
