Post Learning: Reinsurance: Indicative reading time: 19 minutes
Need to know
- A series of CPD knowledge learning opportunities that can be used to accrue reading time. The pass rate is 80%.
- Read the articles below
- Once you have read all the articles, you may start the assessment
- Collect reading time towards your qualification
- On successful completion on this module, a certificate will be issued confirming reading time
Learning Objective: By the end of this module readers will be able to explain how the reinsurance market works and its relation to insurers and give some examples of how it is affected by losses.
Top 50 Reinsurers 2021: Global reinsurance segment marked by stability and uncertainty
Diversification into primary insurance leads to shuffle among the world’s largest reinsurance groups AM Best’s Catherine Thomas and Mathilde Jakobsen explain.
Reading time: 4 minutes (1200 words)
LO: By the end of this article readers can name the world’s two largest reinsurers and describe the events that have caused the market to harden
Intelligence: Hardening continues with reinsurance renewals
January’s renewals saw reinsurers playing hardball not only in their pricing, but also in the structures of their clients’ reinsurance programmes. Post explains why the hardening market is not driven by a lack of capital, but by renewed underwriting discipline.
Reading time: 7 minutes (2200 words)
LO: By the end of this article readers can outline the factors that affect reinsurance pricing and explain what a state-supported risk pool is.
Healthy capital levels in reinsurance market, says Guy Carpenter
The reinsurance market had $531bn (£384bn) of dedicated capital at the middle of 2021, a $14bn increase on the end of 2020, Guy Carpenter has estimated in association with AM Best.
Reading time: 2 minutes (800 words)
LO: By the end of this article readers can explain how the pandemic has affected the reinsurance market and name the lines of business where most losses have occurred.
Reinsurers face up to $400m bill for spectator free Tokyo Olympics
Reinsurers will see up to a $400m claims hit from a spectator free Tokyo Olympic Games, ratings agency Fitch has calculated.
Reading time: 2 minutes (600 words)
LO: By the end of this article readers can describe how risks are shared between reinsurers and insurers and how this affected reinsurers when the Tokyo Olympics went ahead without spectators.
Reinsurers to continue to pay Russian claims, exposure limited: S&P
S&P Global Ratings expects global reinsurers will continue to pay claims arising in Russia, but said their exposure to the adverse effects of sanctions was limited.
Reading time: 2 minutes (600 words)
LO: By the end of this article readers can explain how reinsurers are likely to be affected by the sanctions against Russia and how they protect against volatility
Insurers to pass on Pool Re price reductions to policyholders
Insurers have signalled that they will pass on reductions in the price of terrorism reinsurance to policyholders when Pool Re cuts its overall pricing in October.
Reading time: 2 minutes (600 words)
LO: By the end of this article readers can describe how a cut in reinsurance rates could affect the price of cover offered by insurers
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Assessment: Reinsurance
You’ve read the articles, now answer some questions and earn CPD reading hours.
You will need to score 80% or higher to pass the assessment. A certificate confirming the amount of reading time will be sent out to you if the pass rate is met.
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