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What you'll be able to do (official learning outcomes)
define reinsurance
explain different types of reinsurance and design
describe the roles of government control and regulation on insurance business 327
describe the pricing methods for primary insurance risks and analyse the factors which influence the calculation of the premium
outline the reinsurance process and its relationship to risk management; and
describe the basis of premium calculations for reinsurance contracts and assess the factors which influence the calculation of the premium
Course contents
Definition of reinsurance. Types of reinsurance. Application of reinsurance to various classes of insurance, importance of reinsurance in risk control and risk improvement. Underwriting. Primary insurance pricing. Reinsurance. Purpose of reinsurance. Transacting reinsurance. Proportional treaties. Non-proportional treaties.
Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study INS 402.