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6

Reinsurance programmes

Contents Syllabus learning
outcomes

Learning objectives
Introduction
Key terms
A Designing programmes 6.1, 6.2, 6.5
B Pricing programmes 6.1
C Placing programmes 6.3, 6.5

D Reciprocity 6.4
Key points
Question answers
Self-test questions Chapter

Learning objectives Reference copy for CII Face to Face Training 6
After studying this chapter, you should be able to:
• explain the insurer’s objectives when considering the reinsurance programme;
• describe how the price of the reinsurance programme is determined;
• describe the factors that influence the extent of cover required;
• discuss how the reinsurance programme is designed to meet the requirements of the insurer;
• outline the material information required and the key features of the documentation used in the
placement of the reinsurance contract;
• explain the aims and goals of insurers wishing to enter into reciprocal arrangements; and
• discuss how solvency and security considerations affect reinsurance programmes.