ELECTIVE COURSE
5 CPE credits are available for the successful completion of this course.
Cost of course for ACI graduates and non-designation students – $750
Captive insurance requires a “Best in Class” claims management program to be successful. This intermediate level course examines the various options for claims management and captive program administration, as well the reinsurance needs of a captive and the role of the reinsurer.
Participants in this course will learn what to look for when selecting a claims administrator and who the stakeholders are in the claims process. Specific topics include reinsurance relationships and reinsurer expectations, operations for the claims process, how to understand loss results and premium implications, and actuarial calculation of pure premium, including bed equivalent exposures and the experience modification factor.
Key course takeaways:
- Identify the new captive’s needs for reinsurance, insurance coverage, and claims handling options
- Discuss components of a “Best in Class” claim strategy and operation, and how to measure success
- Demonstrate how to make funding and reserve determinations, using actuarial methodology
Delivery Method: Group-Live via online platforms WebEx and Canvas
In addition to self-paced reading and assignment work, students will be required to attend three webconference sessions. A recommended student led “Office Hour” session is available following the last webconference. There are no prerequisite requirements for this course. Prior to the first webconference participants need to access Canvas to review webconference directions and course material.
Registration Deadline: Wednesday, May 15, 2024
Webconference one: Wednesday, May 22, 2024 12:00 – 1:15 pm EDT
Webconference two: Wednesday, May 29, 2024 12:00 – 1:15 pm EDT
Webconference three: Wednesday, June 5, 2024 12:00 – 1:15 pm EDT
Office Hour: Wednesday, June 12, 2024 12:00 – 1:00 pm EDT
This course will be offered again in Spring 2025
For further course details contact at ICCIE at 802-651-9050.
ICCIE policies: for information regarding refund, concerns and/or program cancellation policies please click here or contact ICCIE directly at 802-651-9050.
International Center for Captive Insurance Education (ICCIE) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org