Reinsurance

Through this course, participants will gain knowledge of Treaty management using reinsurance profit and loss forecasting and strategies for managing co-reinsurance.

Instructor : Jeonghun Park

Course Format : on-line

Course Duration : 

Study Period : 60days

Course Fee : $2500

Number of Lectures : 

Reinsurance​

Through this course, participants will gain knowledge of Treaty management using reinsurance profit and loss forecasting and strategies for managing co-reinsurance.

Instructor : Jeonghun Park

Course Format : on-line

Course Duration : 

Study Period : 60days

Course Fee : $2500

Number of Lectures : 

Introduction

This training module is designed to enable participants to acquire essential knowledge of Treaty management by utilizing reinsurance profit and loss forecasting techniques.
The course focuses on analyzing the profit and loss structure of reinsurance and establishing effective Treaty management strategies based on this analysis.

It also provides specific case studies to enhance practical understanding of the operation and management of co-reinsurance, with an in-depth explanation of the related processes. Through this, participants will learn to forecast the profitability of reinsurance agreements and develop strategic decision-making skills based on these forecasts.

Additionally, the program is structured to provide practical insights into the role of co-reinsurance and key considerations for its management.

Ultimately, this training aims to cultivate the skills needed to apply practical and specialized knowledge of reinsurance management in a professional setting.

Target Audience

This course is designed for undergraduate and graduate students majoring in accounting or actuarial science, individuals interested in the fields of accounting and actuarial science, job seekers, and actuaries or professionals working in international or multinational insurance companies.

Course Category

1. Actuarial Fundamentals
[Open in 2025]

- Premium and Surrender Value Calculation using Actuarial Tables
- Understanding Actuarial Science

2. Company-wide Training
(IFRS 17 / K-ICS)

- Examples of IFRS 17 Accounting Treatments
- Introduction to K-ICS
- Direction of Profit and Loss Management under IFRS 17

3. Product Development (TBD)
[Open February 2025]

- Practical Training on PV Generation Using Actuarial Tables
- Profit and Loss Analysis for New Products
- Development of Risk Rates

4. Assumption Management and Calculation

-Methodologies for assumptions of risk/policyholder behavior/expense allocation/economics
- Actuarial Assumption Management Strategies (Audit Trail)

5. Advanced IFRS 17 Actuarial Closing

- Advanced IFRS 17 Actuarial Closing Practices

6. K-ICS

- Overview of Risk Management in Insurance Companies
- Understanding Market Risk
- Understanding Interest Rate Risk
- Understanding Insurance Risk
- Insurance Risk Internal Model

7. Reinsurance
[Open in January 2025]

- Traditional Reinsurance
- Co-Reinsurance
- Excel-Based Reinsurance Profit and Loss Forecasting

8. Management under IFRS 17 and K-ICS Standards

-Direction of Profit and Loss Management under IFRS17
- ALM-Based Management
- MCEV-Based Management
-Risk Based Asset-Liability Portfolio Management

9. Managerial Accounting
[Open coming]

- Biz Planning
- Selection of KPIs under IFRS 17 and K-ICS Standards
- Variable Product Hedging

10. Actuarial Software
[Open in 2025]

- Understanding Actuarial Software
- Pricing Practice
- Valuation Practice
- Internal Management Practice (Business Planning, ALM, etc..)

11. ERM (Enterprise Risk Managment)
[Open in 2025]

- Basic ERM Risk Management
- Insurance Risk Concept and Internal Model

12. Reporting

- Supervisor Report Preparation Method
- Automation System Example

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