| CODE | INS4080 | ||||||
| TITLE | Principles of Reinsurance | ||||||
| UM LEVEL | 04 - Years 4, 5 in Modular UG or PG Cert Course | ||||||
| MQF LEVEL | Not Applicable | ||||||
| ECTS CREDITS | 4 | ||||||
| DEPARTMENT | Insurance | ||||||
| DESCRIPTION | Objectives: To develop in the students: - a knowledge and understanding of the principles of Reinsurance and their general applications to the different methods of reinsurance; - a knowledge of the law and regulation relating to reinsurance; - a knowledge of the basic contract wordings; - a knowledge of the basic accounting considerations; - the ability to apply knowledge and skills to practical situations; - the ability to synthesise different aspects of the syllabus and apply them to given scenarios. Contents: - Terminology and the purpose of and parties to a Reinsurance contract - Methods of Reinsurance - Operation of Facultative Reinsurance - Operation of Proportional Reinsurance - Operation of Non proportional Reinsurance - Legal issues relating to Reinsurance - Placing of Reinsurance - Wording Documentation - Claim recoveries in Reinsurance - Reinsurance markets - Property Reinsurance - Casualty - Marine and Aviation Reinsurance Reading List Recommended Text: Principles of Reinsurance – CII -785 Supplementary Text: - Reinsurance -R L Carter – 4th Edition - The law and practice of Reinsurance – C E Golding –Witherby 1987 - The nuts and bolts of Reinsurance – keith Riley 2nd Edition Witherby 2001 Reference materials - Reinsurance Principles and Practice – K Geiathewohl –Karlsruhe 1980-82 - Reinsurance clauses - LIRMA 2nd Edition London 1992 - Reinsurance Law -J S Butler & Robert M Merkin Periodicals - The Journal – London CII ( 6 yearly) www.cii.co.uk/is - Post magazine - London - Insurance Day – London - Reactions – London - Reinsurance – London - The Review –emap media (monthly) - Catastrophe Reinsurance Newsletter – London (LLp monthly) - Kluwer insurance & Reinsurance law briefing – Kingston upon Thames - Global reinsurance –southern magazines (10 yearly) Websites www.reactionsnet.com www.insurancewindow.net www.insuranceday.com www.globalreinsurance.com www.lloyds.com www.iua.co.uk www.bermuda-insurance.org www.swissre.com |
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| STUDY-UNIT TYPE | Lecture | ||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Peter Spiteri |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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