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CORE COURSE
5 CPE credits are available for the successful completion of this course.
This course presents the material from the actuarial portion of the former course, “Protecting the Captive: Predicting Risk, Reinsurance and Other Transfer Mechanisms”. Captives are designed to take risk, with premiums calculated to fund expected losses over time. There are a number of methods of developing expected loss projections, and there are different rating methodologies, each designed to allow an insurer to be adequately funded. The lines of insurance underwritten, the terms of the policies, the rating methodology, and the availability of capital and surplus determine how much risk can be insured. Consideration of efficient use of capital influences the actual amount of risk that a captive should retain. Participants will learn how much risk should be retained in a captive.
The flexibility of captive insurance allows an insured to finance risk off or on balance sheet depending on which approach delivers the most financial benefit. Participants will learn how a captive can be used to allow an insured to finance retained risk off balance sheet.
In this course, topics covered include:
- Models for predicting risk
- How to use loss triangles
- Rate making
- Pro forma financial projections
Registration Deadline: Thursday, November 24, 2016
Webconference one, Thursday, December 1st, from 2:30 – 3:45 p.m. EDT
Webconference two, Thursday, December 8th from 2:30 – 3:45 p.m. EDT
Webconference three, Thursday, December 15th, from 2:30 – 3:45 p.m. EDT
This course will be offered again in Spring 2017
For further details please contact at ICCIE at 802-651-9050.