ASEAN Reinsurance Programme Reinsurance Accounting

Short Course

9.00 AM – 5.00 PM | 26 & 27 August 2024

Registration Deadline: 21 August 2024

Overview

This application-based course aims to provide participants with more exposure to the know-how and mechanism of Reinsurance Accounting. Participants will learn the various uses of reinsurance accounting, the accounting related terms appearing in slips/ wording, including the administration process for proportional and excess of loss (XL) treaties, as well as the reinsurance accounting provision, method of unearned premium calculation and the alternative to reinsurance commission. The basic understanding of IFRS 17 will also be provided.

Recommended For

  • Reinsurance / retakaful practitioners, reinsurance executives, treaty claims handlers, and executives with regulators involved in retakaful / reinsurance.
  • Anyone wishing to have a better understanding of the fundamentals involved in the preparation of technical reinsurance accounts.

Learning Format

  • Virtual

Learning Outcome

  • 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 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 use and application of the various 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. Basic understanding on IFRS

ASEAN Reinsurance Programme Reinsurance Accounting

For Inquiries

Sales

+603 2712 8882

Programme Structure

Day 1

  • 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

Day 3 – Assessment

  • MCQ – 50 Questions
  •  Grading
    • 70% – 100% – Pass
    • 0% – 69% – Non-Pass

Exam Details

Virtual Class

  • 26 & 27 August 2024
  • 9.00 AM – 5.00 PM

Assessment Date

  • 27 August 2024

Fees

Foreigners

USD275

Malaysians

RM1300

Exam Resit

RM150

Meet The Expert

MS CAROLINE YAP
ACII, AMII

Caroline is currently working as a Claims Analyst in an international reinsurance run-off company. Caroline has obtained Associateship from the Chartered Insurance Institute, UK and the Malaysian Insurance Institute, Malaysia. She has been in the reinsurance industry for more than 25 years with extensive experience in Reinsurance Underwriting, Claims Management, Client Management, Reinsurance Accounting, Run-off Portfolio Management, Reinsurance Portfolio Commutation etc.