REINSURANCE INTERNATIONAL STUDY COURSE - Singapore College of ...
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REINSURANCE
INTERNATIONAL
STUDY COURSE
5th Intake, 6 to 9 September 2020
SINGAPORE Shangri-La’s Rasa Sentosa Resort & Spa, Singapore
Supported by Monetary Authority of Singapore
Programme eligible for funding under the Financial Training Scheme (FTS)
REGISTER NOW! www.scicollege.org.sg/RISC
ANZIIF/SCI REINSURANCE INTERNATIONAL STUDY
COURSE (RISC) SINGAPORE
OVERVIEW
The ANZIIF/SCI RISC Singapore is affiliated to the widely acclaimed Reinsurance International Study Course (RISC) of the Australian and New
Zealand Institute of Insurance and Finance (ANZIIF) in Australia, having its 53rd intake this year. The fifth intake of ANZIIF/SCI RISC Singapore
2020 will be held from 6 to 9 September 2020 at Shangri-La’s Rasa Sentosa Resort & Spa, Singapore.
It is a collaborative effort between the SCI and ANZIIF. The course, which is supported by the Monetary Authority of Singapore, is set to
become one of the main talent-building blocks within the SCI’s Reinsurance Talent Development Framework, which aims to develop and
expand the pool of reinsurance specialists and groom the next generation of leaders for the reinsurance sector in Singapore.
ABOUT THE COURSE
A UNIQUE LEARNING OPPORTUNITY
The 4-Day ANZIIF/SCI RISC Singapore is an intensive mix of presentations from
leading experts from the insurance and reinsurance industry, coupled with hands-
on syndicated work exploring the fundamentals of reinsurance. It aims to provide
delegates with a solid understanding of reinsurance in practice.
Syndicates analyse a fictional insurance organisation to design and test the
optimal reinsurance programme. Delegates within their syndicate groups act as
the executives of the insurance company, making recommendations regarding the
optimal reinsurance arrangements for the insurer, culminating in a presentation
of the proposal to a fictional Board. Syndicated learning requires delegates to
work as a group analysing a typical reinsurance submission, coupling the needs
of the portfolio and the corporate risk appetite to optimise the reinsurance
programme.
Delegates will study: The syndicate group work allows delegates to:
CURRICULUM
• the role reinsurance plays in the • apply technical learnings in a simulated environment
The Reinsurance
insurance industry designed to replicate a real-world situation
International Study
• different types of reinsurance and • tackle complex problems within the case study together
Course aims to build
their uses • delegate roles and responsibilities
an understanding of
• techniques used to determine risk • share diverse perspectives
reinsurance in practice.
appetite • pool knowledge and skills
• impact of reinsurance structures • develop new approaches to resolving differences
on financial statements • develop their own voice and perspectives in relation to peers
• network with peers
• practise presentation skills.
WHO WOULD BENEFIT FROM THIS COURSE?
This comprehensive 4-day Reinsurance residential course is ideal for professionals who work directly (e.g. underwriters, brokers and claims
staff members) or indirectly (e.g. lawyers, actuaries, accountants and auditors) in the insurance sector or the reinsurance sector, including
companies, regulators and government bodies that service and/or interact with the financial services industry, subject to the following:
• Delegates should preferably have at least 3 years of work experience if they are in the reinsurance sector, or at least 5 years of work
experience if they are in the insurance sector; and
• Delegates should also be comfortable to converse and present in English during their syndicate group activities.
2 ANZIIF/SCI Reinsurance International Study Course (RISC) Singapore
LEARNING OUTCOMES
At the conclusion of ANZIIF/SCI RISC Singapore, delegates will be able to demonstrate
proficiency in four key areas, namely:
1 STRATEGIC
• Articulate the importance of reinsurance in relation
3 FINANCIAL
• Analyse and interpret the impact of reinsurance on a
to a company’s strategy, growth and underwriting company’s financial position
philosophy
• Explain the impact of alternative reinsurance
• Demonstrate how a company’s reinsurance structures on the risk-based capital (RBC)
programme interacts with its risk appetite calculations
• Analyse how the reinsurance programmes interact • Analyse the alternative reinsurance commission
with the portfolio management and underwriting structures and explain their financial impact on the
practices portfolio
• Demonstrate an understanding of the role played by a • Demonstrate an understanding of the counter party
Board in setting reinsurance strategy risk and how it can be managed in the company’s
balance sheet
2 TECHNICAL
• Distinguish the various types of reinsurance
4 LEGAL & REGULATORY
• Articulate the best practice risk management
• Choose the types of reinsurance applicable to the principles and protocols on reinsurance purchasing
specific portfolios and classes of business
• Demonstrate an understanding of the impact of
• Describe how the various reinsurance programmes regulatory requirements relating to reinsurance
interact
• Explain the role of rating agencies and the impact
• Explain how to read and interpret a contract wording ratings that can have on the reinsurer selection
• Demonstrate an understanding of a catastrophe • Describe the legal and compliance implications
modelling relating to reinsurance contracts
• Apply the following tools to monitor an underwriting
performance at portfolio level
» Risk profiles
» Triangulations
» Large loss reports
» Underwriting results
ANZIIF/SCI Reinsurance International Study Course (RISC) Singapore 3
COURSE SCHEDULE
Time Session Venue
DAY 1: SUNDAY, 6 SEPTEMBER 2020
5.00 pm – 6.00 pm Registration & Networking Drinks Outside Siloso Ballroom 3
6.00 pm – 9.00 pm Welcome Dinner Siloso Ballroom 3
7.30 pm Keynote Speech Siloso Ballroom 3
DAY 2: MONDAY, 7 SEPTEMBER 2020
7:30 am - 8.30 am Registration Outside Horizon Pavilion
8.30 am - 8.45 am Course Opening Horizon Pavilion
8.45 am - 10.00 am Laksa Insurance Board Meeting Horizon Pavilion
10:00 am - 10.15 am Morning Tea Break Outside Horizon Pavilion
10:15 am – 11:00 am Syndicate Group Introductions & Session Horizon Pavilion
11:00 am – 12:30 pm General Session 1: Property – Pro Rata & Risk XL Horizon Pavilion
12:30 pm – 1:15 pm Lunch Silver Shell Café
1:15pm – 2:30 pm Syndicate Session Horizon Pavilion
2.30 pm – 3:15 pm General Session 2: Risk Appetite Horizon Pavilion
3:15 pm – 3:30 pm Afternoon Tea break Outside Horizon Pavilion
3:30 pm – 4:30 pm General Session 3: Property - Catastrophe XL Horizon Pavilion
4:30 pm – 5:30 pm General Session 4: Catastrophe Modelling Horizon Pavilion
6.00 pm - 7.00 pm Dinner Silver Shell Café
7:00 pm – 9:30 pm Syndicate Session Horizon Pavilion
4 ANZIIF/SCI Reinsurance International Study Course (RISC) SingaporeTime Session Venue
DAY 3: TUESDAY, 8 SEPTEMBER 2020
8.30 am – 10:00 am General Session 5: Casualty Reinsurance Horizon Pavilion
10:00 am – 11:00 am Syndicate Session Horizon Pavilion
11:00 am – 11:15 am Morning Tea Outside Horizon Pavilion
11:15 am -12:45 pm Syndicate Session Horizon Pavilion
12:45 pm – 1:30 pm Lunch Silver Shell Café
1:30 pm – 2:15 pm General Session 6: Facultative Reinsurance Horizon Pavilion
General Session 7: Insurance & Reinsurance Claims Notification:
2:15 pm – 2:45 pm Horizon Pavilion
Potential Legal Challenges
2.45 pm – 3:45 pm Syndicate Session Horizon Pavilion
3:45 pm to 4:00 pm Afternoon Tea Outside Horizon Pavilion
4:00 pm - 6.30 pm Syndicate Session Horizon Pavilion
6.30 pm - 7.00 pm Break Outside Barnacles By The Sea
7.00 pm - 10.30 pm Course Dinner Barnacles By The Sea
DAY 4: WEDNESDAY, 9 SEPTEMBER 2020
8:00 am - 12.15 pm Syndicate Session Horizon Pavilion
12.15 pm – 1:00 pm Lunch Silver Shell Café
1:00 pm - 2.30 pm Syndicate Presentations Horizon Pavilion
2:30 pm – 3:00 pm Syndicate Feedback Session Horizon Pavilion
Course Closure
3:00 pm – 4:00 pm Horizon Pavilion
Presentation of the John Allison Award
The Course Schedule, dates, time, duration, venue, topics and presenters may be subject to changes owing to unforeseen circumstances.
ANZIIF/SCI Reinsurance International Study Course (RISC) Singapore 5COURSE DETAILS
VENUE
The Shangri-La’s Rasa Sentosa Resort & Spa
101 Siloso Road, Sentosa, Singapore 098970
Singapore
ANZIIF/SCI RISC Singapore is a residential course and delegates are
encouraged to stay on-site.
LEVEL
Intermediate - Advanced
CPD HOURS (GIA)
28 Hours
The course comprises 9 hours of presentations from senior industry
professionals (including panel discussion sessions) and 19 hours of syndicate
group work.
ANZIIF CIP COURSE FUNDING
Upon completion of ANZIIF/SCI RISC Singapore, delegates will earn 18
Financial Training Scheme (FTS) Eligible
Certified Insurance Professional (CIP) points. This programme is recognised under the Financial Training Scheme (FTS)
and is eligible for FTS claims subject to all eligibility criteria being met.
DRESS CODE Please note that in no way does this represent an endorsement of the
Smart casual quality of the training provider and programme. Participants are advised to
assess the suitability of the programme and its relevance to participantsí
business activities or job roles.
WHAT TO BRING The FTS is available to eligible entities based on the prevalent funding
Please bring along your laptop and a calculator. eligibility, quantum and caps. FTS claims may only be made for recognised
programmes with specified validity period. Please refer to www.ibf.org.sg
LANGUAGE for more information.
A good command of the English language is essential. REGISTRATION PROCEDURE
Registrations received for ANZIIF/SCI RISC Singapore will undergo a
screening process. The SCI reserves the right to reject any registration that
does not meet the course criteria.
COURSE FEE PER DELEGATE PRE-COURSE PREPARATION
Description Singapore-Based Overseas Before arriving at the course, delegates are required to complete Optimum
Delegate Delegate — an online introduction to reinsurance course provided by Aon Benfield.
(Including GST) This online course gives participants an opportunity to familiarise
themselves with the basics of reinsurance.
Course Fee S$3,210.00 S$3,000.00
Without Accommodation SYNDICATE ADVISERS
(Covers course materials and all Syndicate groups will be guided by senior practitioners from the industry.
meals)
Course Fee S$4,269.30 S$4,059.30 JOHN ALLISON AWARD
With Accommodation This award is presented at RISC in honour of John Allison’s 54-year
(Single Occupancy) contribution to the reinsurance industry, and in particular the Reinsurance
(Covers 3-night accommodation, International Study Course. The award will be presented to the top
course materials and all meals) performer at ANZIIF/SCI RISC Singapore.
OVERSUBSCRIPTION
In the event of oversubscription, the Organising Committee reserves the
right to accept applications based on the principle of providing equal
representation across the industry, wherever possible.
ENQUIRIES
Tel: (65) 6221 2336
E-mail: RISC@scidomain.org.sg
Address: 9 Temasek Boulevard, #14-01/02/03 Suntec Tower Two,
Singapore 038989
6 ANZIIF/SCI Reinsurance International Study Course (RISC) SingaporeWHAT PAST PARTICIPANTS SAY
“Great networking opportunity and learning
experience. I feel it is very well organised
and professional. Well planned.”
“I enjoyed the intensive and hands-on practical case study which provided
opportunities for learning about reinsurance and developing oneself. This
was augmented by the structured programme and brought to life by the
expertise of the syndicate advisers, ultimately creating an experience that I
will never forget.”
“Being able to gain different insights and knowledge from industry experts as well as peers have been invaluable.
The unique structure of topic presentations along with real-life simulation of a project has also allowed me to put
to use knowledge attained through the course into the project.
Very intensive, but ultimately very fulfilling learning experience. With lots of hands on advice provided by extremely
seasoned practitioners!
It is an excellent course, very engaging, very intense, and the Syndicate Advisors played their roles very well to
demonstrate strong knowledge and sharing / coaching to benefit the participants and delegates. Excellent course.”
“An amazing opportunity to delve into a very well-
organised case study, learning and exposing ourselves to the
various treaty facility and how it fits into the company’s
broader objectives. Together with the various syndicate
members and advisors’ unique experience/expertise, the
“intense” case study is more manageable than one would
expect.”
ANZIIF/SCI Reinsurance International Study Course (RISC) Singapore 7CONTACT INFORMATION
Singapore College of Insurance Limited
9 Temasek Boulevard
The Australian and New Zealand Institute The Singapore College of Insurance (SCI) #14-01/02/03 Suntec Tower Two
of Insurance and Finance (ANZIIF) is is a not-for-profit professional training Singapore 038989
the leading membership, education, and education body set up in 1974, as
training and professional development part of Singapore’s efforts to develop as a
organisation for the insurance and finance financial hub. General Enquiry
industry in the Asia-Pacific region. (+65) 6221 2336
For more than 45 years, the SCI has
ANZIIF partners with companies, remained focused in its efforts to upgrade
government and non-profit organisations the technical expertise of insurance E-mail
to provide a range of services that and financial services practitioners, RISC@scidomain.org.sg
support professional excellence to and to provide them with professional
enhance the standards, reputation and advancement opportunities, through its
success of the industry and improve series of practice-oriented programmes Website
community understanding of insurance and internationally-accredited https://www.scicollege.org.sg/RISC
and finance. qualifications. Since the late 1970s, the
SCI has also played the role of an industry
Established in 1884, ANZIIF works with examination body to conduct regulatory CPE Registration No.
members in 50 countries and has offices examinations for those wishing to join 199408491M
in Australia, New Zealand and China. the financial advisory, life and general
insurance industries.
Period of CPE Registration
From 26 September 2019 to
Since 2009, the SCI has also expanded
its role to include talent development 25 September 2023
programmes, such as the Insurance
Executive Scholarship Programme (IESP)
and the Insurance Management Associate
Programme (iMAP) that have succeeded
in attracting and placing numerous fresh
tertiary talent into the varied functions in
the industry. The SCI was voted the Asia
Insurance Industry Educational Service
Provider of the Year in 1997, 2001, 2007,
2016 and 2018. It has international links ONLINE
with professional bodies, such as The REGISTRATION
Chartered Insurance Institute (CII), The
Chartered Institute of Loss Adjusters
www.scicollege.or g .s g /r i s c
(CILA), The American College (TAC), The
Life Office Management Association
(LOMA), LIMRA and The Australia and
New Zealand Institute of Insurance and
Finance (ANZIIF) as well as with other
training institutes in the region, through
its involvement in the ASEAN Insurance
Education Committee(AIEC) projects.
Information presented on this marketing material is
The SCI has also actively helped to set
correct at the time of publishing. However, changes to the
up the Asia-Pacific Risk and Insurance
course contents, dates, time, duration, venue and faculty
Association (APRIA) to further insurance members can occur owing to unforeseen circumstances.
education, and to promote links between Every effort will be made to inform all participants of
academia and the industry. such changes on a timely basis.
© 2020 Singapore College of Insurance Limited (SCI).
All Rights Reserved by SCI.
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