• Junior to mid-level underwriters and actuaries specializing in reinsurance.
• Insurance and reinsurance brokers who want to deepen their knowledge of treaty pricing.
• Risk managers and finance professionals within insurance companies who seek a better understanding of reinsurance pricing mechanics.
• Actuarial and analytical professionals transitioning into reinsurance or pricing roles.

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

• Understand the fundamental concepts of proportional reinsurance and its types (Quota Share and Surplus Share).
• Identify the components involved in pricing property proportional treaties, including risk factors, nature and volatility of ceded portfolio, historical experience &loss ratios, and expense considerations.
• Apply basic pricing models and calculations in proportional reinsurance.
• Recognize the impact of treaty structure, terms, and market conditions on pricing strategies.
• Discuss recent trends and challenges in reinsurance treaty pricing, including the influence of emerging risks.

Introduction to Proportional Reinsurance

• Definition, purpose, and types of proportional reinsurance (Quota Share, Surplus Share).
• Key distinctions between proportional and non-proportional reinsurance.

Principles of Proportional Property Reinsurance Treaty Pricing

• Components of pricing: ceded portfolio volatility, ceded premium volume , historical experience & loss ratios, commission structures, and profit margin.
• The role of historical data and exposure analysis in pricing.

Pricing Models and Calculations

• Basic calculations for proportional treaty pricing.
• Adjustments for varying retention and limit structures.
• Consideration of expenses, ceding commissions, and profit-sharing arrangements.

Impact of Treaty Structure and Terms on Pricing

• Understanding retention limits, ceding percentages, and terms.
• Effect of these factors on treaty pricing and risk allocation and cession pattern.

Market Conditions and Emerging Trends

• The influence of market cycles, capital availability, and underwriting performance.
• Trends in proportional reinsurance, including considerations of climate risk, economic volatility, and evolving regulations.

‍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)