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Reinsurance 101

V13RI
1.50 CPD Points
Price:
$115.00 +GST Non-member
$105.00 +GST Learning Partner
$96.00 +GST IBANZ Member

Learn Module Detail

Duration 1:23 

The study will cover the following:

What is Reinsurance?
Why Buy Reinsurance?

Different types of Treaty Reinsurance - proportional/ non proportional, and how they are arranged - per risk or per event.

How are premium and claims handled in different treaty types?.

Facultative Reinsurance/ how is it different to treaty Reinsurance?

Why adverse selection is good.

As well as the following: 

  • Reasons to buy facultative reinsurance
  • Layering
  • Premium distribution
  • Some new trends

About John Stubbs 

I have 44 years in the industry.
My first job after school was with The South British Insurance Company in Takapuna in January 1972 until December 1979. (Inspector)

Most of 1980 I was overseas on my OE.
Late 1980 to June 1987 Norwich Winterthur. (Broker Liaison officer)
June 1987 until present day with Cologne Re who were bought by General Reinsurance in 1995. Currently New Zealand Branch Manager, Facultative.

A highlight of my reinsurance career has been year after year making a meaningful and positive contribution to the bottom line results of client companies.
Due to the scope and size of the Canterbury earthquake sequence Insurance and Reinsurance both contributed to the economy of New Zealand.

Reinsurance, like Insurance, is a promise to pay. The value of Reinsurance to the New Zealand economy was admirably demonstrated by the Canterbury earthquake sequence.

Being a member of the ICNZ Commercial Committee for 2 decades and other ICNZ committees (eg the current EQC review committee) has shown me the complexity and constant change that our Insurance industry always faces. It never stands still. Learning and keeping up with change is a necessary and constant process for everyone in this industry. 

 
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