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3
Features and operation of Chapter
facultative reinsurance 3
Contents Syllabus learning
outcomes
Learning objectives
Introduction
Key terms
A Main features and operation of different types of facultative reinsurance 3.1
B Calculation of reinsurance premiums and claims recoveries 3.2
Key points
Question answers
Self-test questions
Learning objectives Reference copy for CII Face to Face Training
After studying this chapter, you should be able to:
• describe the features of facultative reinsurance;
• distinguish between facultative proportional and facultative non-proportional reinsurance and how
each operates;
• outline the various definitions of premium income used in reinsurance and how they apply to
reinsurance programmes;
• calculate reinsurance premiums and claims recoveries; and
• differentiate between the premium and claims calculations for proportional and non-proportional
types of facultative reinsurance.