DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rlxfd2/understanding_the) has announced the addition of the "Understanding the Reinsurance Industry" conference to their offering.
In a nutshell reinsurance is best thought of as insurance for insurance companies, a way for a primary insurer to protect against unforeseen or extraordinary losses. It serves to limit liability on specific risks, to increase individual insurers' capacity and to share liability when losses overwhelm the primary insurer's resources. It also helps insurers stabilize their business in the face of the wide swings in profit and loss margins inherent in the insurance business.
However the industry is much more complex than one statement, professionals working within the industry are tending to specialise in one area and lose touch with the trends and challenges faced by this global business as a whole. Whether you are new to the industry or need to get back in touch with the dynamics of the industry as a whole, then this course is for you.
Why you should attend
The experienced seminar faculty will demystify all aspects of the industry that participants might be new to, unfamiliar with or have lost touch with.
Topics covered include:
Part 1: The building blocks - understand the need for reinsurance and it's relevance to your role
Part 2: The reinsurance marketing - get-to-grips with the role of the reinsurance market and how it works
Part 3: Legal and regulatory framework - build your knowledge of how the industry is controlled and regulated
Part 4: Practical applications - Demystify the terminology and activities that are specific to the insurance industry
For more information visit http://www.researchandmarkets.com/research/rlxfd2/understanding_the