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Email: info@iiea.co.ke

With in-depth knowledge covering essential reinsurance, finance, and coverage concepts, ARe is the premier designation for all reinsurance professionals.

Build a better book of business through an enhanced understanding of reinsurance terms and pricing, reinsurance treaties, and facultative certificates in The Institutes' Associate in Reinsurance program. After completing the program, you'll be able to design a reinsurance program based on your expanded knowledge of advanced coverages and financial risk management.

This Program Is Recommended For

• Reinsurance professionals
• Claim adjusters
• Finance and accounting personnel
• Underwriters

Course Levels

• Intermediate

Completion Time Frame

12-18 months.

Program Requirements

The Associate in Reinsurance designation program consists of four required courses and one elective.

Foundation Courses

ARe 143 Primary Insurance Coverages

Understand the fundamentals of personal and commercial insurance.

Topics

• Overview of personal insurance
• Personal auto insurance
• Homeowners property insurance
• Homeowners liability insurance and personal umbrella insurance
• Commercial property insurance
• Business income insurance
• Commercial general liability insurance
• Commercial auto insurance
• Workers compensation and employers liability insurance
• Businessowners insurance and specialty coverages

Course Level

Intermediate

Suggested Self-Study Time

6-8 weeks

Price: $ 400.00

 

ARe 144 Reinsurance Principles and Practices

Understand how reinsurance concepts directly apply to our industry.

Topics

• Introduction to reinsurance
• Types of reinsurance and reinsurance program design
• The reinsurance placement process
• Common reinsurance treaty clauses
• Quota share treaties
• Surplus share treaties
• Property per risk excess of loss treaties
• Casualty excess of loss treaties
• Catastrophe reinsurance
• Aggregate excess of loss treaties
• Reinsurance audits
• Reinsurance regulation
• Reinsurance aspects of the NAIC annual statement
• Loss reserving methods

Course Level

Intermediate

Suggested Self-Study Time

7-9 weeks

Price: $ 390.00

 

CPCU 520 Insurance Operations

Understand how property-casualty insurance functions work together to create and deliver products.

Topics

• Overview of Insurance Operations
• Insurance Regulation
• Insurance Marketing and Distribution
• The Underwriting Function
• Risk Control and Premium Auditing
• The Claim Function
• Actuarial Operations
• Reinsurance Principles and Concepts
• Business Needs and Information Technology Alignment
• Insurer Strategic Management

Course Level

Intermediate

Suggested Self-Study Time

5-7 weeks

Price: US$ 356.00

ARe 145 Readings in Reinsurance Issues and Developments

Understand how reinsurance concepts directly apply to our industry.

Topics

This is an online readings-based course intended to expand students’ knowledge of reinsurance concepts. There are no textbooks or course guides for ARe 145, but instead, students will select relevant articles that they wish to read from The Institutes’ online database.

Some articles are current, while others may have older publication dates but still cover relevant topics that are either applicable today or can provide valuable lessons learned. At the end of each article, students will answer multiple-choice questions to validate their understanding of the reading and track their progress.

Students have one year to accumulate 150 total points to fulfill the course requirement.

Course Level

Intermediate

Suggested Self-Study Time

4-6 weeks

Price: $450.00

Elective Courses

ARM 56 Risk Financing

Understand the various types of risk financing techniques.

Topics Covered

ARM 56 Segment A Topics:

• Introduction to risk financing
• Estimating hazard risk
• Transferring hazard risk through insurance
• Self-insurance plans

ARM 56 Segment B Topics:

• Retrospective rating plans
• Reinsurance
• Captive insurance
• Contractual risk transfer

ARM 56 Segment C Topics:

• Transferring financial risk
• Transferring hazard risk to the capital markets
• Allocating costs of managing hazard risk

Course Level

Advanced

Suggested Self-Study Time

5-7 weeks

Price: $ 388.00

CPCU 540 Finance and Accounting For Insurance Professionals

Understand how corporate finance and accounting apply to property-casualty insurers and non insurers.

Topics

• Introduction to corporate finance and accounting
• GAAP financial statements
• GAAP financial statement analysis
• Insurer statutory accounting
• Insurer statutory annual statement analysis
• Cash flow valuation
• Bonds and stocks
• Insurer investment portfolio management
• Insurer capital needs and sources
• Capital management
• Mergers and acquisitions
• The underwriting cycle

Course Level

Intermediate

Suggested Self-Study Time

6-8 weeks

Price: US$ 366.00

Ethics

To satisfy the Ethics requirement, you must pass one of the following, 50-question online exams:
• Ethics 311 Ethical Guidelines for Insurance Professionals - Please note this course does not count as credit towards the CPCU designation
• Ethics 312 Ethics and the CPCU Code of Professional Conduct

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