General Training

 

TREATY REINSURANCE CONTRACT WORDINGS

 

Key learning Outcomes

At the end of the course, participants will be able to:

• Explain the different types of treaty contract and it application
• Explain the basic outline of the contract document or check the composition of a contract using the information from the study material.
• Explain the risk details for a simple proportional treaty contract using the information from the study material
• Explain the risk details for a simple excess of loss treaty contract using the information from the study material
• Analyse the various clauses applicable to a proportional contract
• Analyse the various clauses to an excess of loss contract
• Analyse the advantages and disadvantages of its use or application in the contract
• Explain how contract certainty can be achieved
• Explain the requirements/pitfalls to drafting or checking
• Apply what they have gained from the course from the course to discuss/negotiate on contract wording construction