• Actuaries and underwriters specializing in reinsurance or transitioning into treaty pricing roles.
• Insurance and reinsurance brokers interested in gaining a foundational understanding of non-proportional pricing.
• Risk and finance professionals within insurance companies who want to deepen their knowledge of treaty pricing.
• Junior to mid-level professionals in reinsurance with a focus on analytical or pricing functions.

At the end of the programme, participants should be able to:

• Understand the fundamental concepts of non-proportional ,reinsurance, including its primary structures Per Risk Excess of Loss (PRXL), Catastrophe Excess of Loss (Cat XL) and Stop Loss.
• 2Identify key factors influencing the pricing of the above noted non-proportional treaties, such as attachment points, limits, and reinstatements.
• Apply basic pricing models and calculations to the above noted non-proportional treaties.
• Assess the impact of loss scenarios, risk profiles, aggregate exposures, and catastrophic events on pricing.
• Recognize the role of market conditions and emerging risks in shaping non-proportional property reinsurance treaty pricing.

Introduction to Non-Proportional Reinsurance

• Definition and purpose of non-proportional reinsurance.
• Overview of key non-proportional structural considerations for both Risk and Catastrophe Excess of Loss treaties and Aggregate Stop Loss.

Principles of Non-Proportional Treaty Pricing

• Key components: layer attachment, limits, reinstatements, and margins dependent on nature of cover provided viz., risk, cat, aggregate.
• Understanding retention levels and their influence on pricing.

Pricing Models and Calculations

• Basic pricing methodologies for Excess of Loss and Aggregate Stop Loss.
• Working with exposure curves, frequency, and severity data in pricing models.
• Calculating risk premiums and applying risk loadings.

Impact of Loss Scenarios and Catastrophic Events

• Understanding how catastrophe modeling affects cat non-proportional pricing.
• Influence of aggregate exposures and high-severity losses on cat XL pricing.
• Historical risk loss profile on per risk XL pricing.

Market Trends and Emerging Risks in Non-Proportional Pricing

• Effects of market cycles, capital influx, and catastrophic events on pricing
• Emerging considerations, such as climate change, economic conditions, and regulatory factors.

‍Charles Robertson is a seasoned insurance and reinsurance professional with over 50 years of experience, including 14 years with Norwich Union across the UK, Singapore, and Kuala Lumpur; 10 years as a Non-Marine Reinsurance Treaty Underwriter in London with Unione Italiana (UK); 12 years at Aon Benfield in London; and the last 26 years at Aon Reinsurance Solutions in Singapore, where he currently serves as a Senior Director in the Technical Advisory Group. He advises on reinsurance across ASEAN, South Korea, and the Indian sub-continent.

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Full Course Fee: S$414.20 (incl. of 9% GST)