• Insurance personnel and executives with at least 3 years’ experience in handling inwards &/or outwards reinsurance
• Reinsurance underwriters and executives with at least 3 years’ experience in handling facultative and treaty renewals
• Reinsurance brokers handling facultative and treaty renewals
• Also suitable for insurance intermediaries and practitioners wishing to learn more about reinsurance renewals

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

• Know the potential challenges that could be faced by reinsurance buyers and sellers at the time of renewal of the reinsurance contracts
• Understand the importance of preparation and planning to successfully face the challenges pertaining to reinsurance renewals
• Know  the full range of options available, based on which decisions can be made to address the issues pertaining to reinsurance renewals
• Explain to their senior management the rationale for the recommended decisions in respect of reinsurance renewals

Pre-renewal

• The market cycles:   hard and soft markets – considerations; challenges; opportunities for all parties.

The renewal process

• Best practices for renewal information presentation;  slips; and communication flow.  

Negotiation

• Key strategies to achieve the optimum outcome for all parties

Documentation

• Best practices and the importance of contract certainty

Post renewal actions

• Timely signing of contract documentation; training / debrief for underwriters; claims handlers and accounting colleagues

Case studies

Shiva Venkatesh Iyer, is the Executive Director at Aon Reinsurance Solutions Asia Pte Ltd in Singapore. A Singaporean with a Master of Commerce from the University of Mumbai, he also holds certifications from the Indian Institute of Bankers and the Insurance Institute of India, along with a specialization in Insurance Risk Management from the UK. With a career spanning from 1981, Shiva has extensive experience across various roles in the industry, including positions in India and Singapore. At Aon since 1997, he oversees technical advisory services and ensures compliance within the region. Notably, Shiva leads the Contract Certainty Working Group initiated by the Monetary Authority of Singapore.

Full Course Fee: S$827.31 (incl. of 9% GST)