5 CPE credits are available for the successful completion of this course.

Cost of course to non-designation students – $750

One of the key benefits of owning a captive is access to the reinsurance markets as a viable alternative to the retail commercial insurance markets. A captive can underwrite almost every line of business available from the retail commercial market and can also provide specialized coverage for unusual or hard-to-place insurance risks. These non-traditional risks may be mitigated by working with the more sophisticated reinsurance markets, which have a broader appetite for such risks when compared to the retail market. As a result, there has developed a partnership between captives and reinsurers in which unusual risks are “incubated” in a captive, while being supported in large part by the reinsurance industry as the risk’s experience develops.  

In this course, participants will be introduced to program structures that can be used to manage retained risk. The course explores how a captive uses reinsurance to protect itself from unexpected high-severity or high-frequency losses and leverages its capital to earn underwriting income without retaining risk. Participants will learn how to make sure the captive operates like a real insurance company and when it makes sense for a captive to buy reinsurance.  

Key course takeaways:

  • Explain how reinsurance works in captives  
  • Identify different types of reinsurance  
  • Describe how reinsurance is regulated  
  • Discuss how facultative and treaty reinsurance agreements are written and how to interpret the information 

Online course

In addition to self-paced reading and assignment work, students will be required to attend three webconference sessions, one pre-recorded lecture and complete one week of follow up assignments. 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:  March 12, 2024 or until full

Spring 2024 Dates:

Webconference one, Tuesday, March 19, from 12:00 – 1:15 p.m. ET
Webconference two,  Tuesday, March 26, from 12:00 – 1:15 p.m. ET
Webconference three, Tuesday, April 2, from 12:00 – 1:15 p.m. ET

Instructors in Spring 2024 are Aidan Kelly and Suzanne Sadlier

For further details please contact at ICCIE 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 professional 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:

In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.