International Opportunities for Insurance Professionals

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As the insurance industry continues to operate within an era of global interconnectedness, the need for insurance professionals with a broad, international perspective becomes increasingly crucial. The Insurance Institute of East Africa distinguishes itself by recognizing and addressing this demand, offering a range of international opportunities that position its students as global leaders in the field. Through strategic international collaborations, thoughtfully designed exchange programs, and exposure to diverse insurance markets, the institute goes beyond traditional education boundaries, ensuring its graduates are not just well-prepared but stand out on the competitive stage of global insurance.

Through our international collaboration with the Australian and New Zealand Institute of Insurance and Finance (ANZIIF), we enable and facilitate insurance professionals from the region attend the annual International Reinsurance Study Course (RISC). The annual 4-day Reinsurance International Study Course (RISC) is widely considered the best reinsurance training course in the Southern Hemisphere.

This intensive learning program is led by some of the industry’s senior experts and combines hands-on syndicate group work, expert presentations, knowledge sharing and team building activities. Participants can immediately apply their learning to real-life scenarios including designing and testing the optimal reinsurance program. 

This year’s event will be held on Sunday, 11 – Wednesday, 14 August 2024 at Hawkesbury Valley, New South Wales


Learning Outcomes

At the conclusion of RISC, participants should be able to demonstrate proficiency in four key areas.

1. Strategic 

  • Articulate the importance of reinsurance in relation to a company’s strategy, growth and underwriting philosophy.
  • Demonstrate how a company’s reinsurance program interacts with its risk appetite.
  • Analyse how reinsurance programs interact with portfolio management and underwriting practices.

2. Technical 

  • Distinguish between the various types of reinsurance.
  • Choose the types of reinsurance applicable to specific portfolios and classes of business.
  • Describe how various reinsurance programs interact.
  • Explain how to read reinsurance contract wording.
  • Demonstrate an understanding of catastrophe modelling.
  • Apply the following tools to monitor underwriting performance at portfolio level:
  • Risk profiles
  • Triangulations
  • Large loss reports
  • Underwriting results

3. Financials

  • Analyse and interpret the impact of reinsurance on a company’s financial position.

4. Legal and regulatory

  • Explain the regulatory minimum standard requirements for reinsurance.
  • Describe the purpose and calculation of the Natural Perils Vertical.
  • Requirement (NPVR) and Natural Perils Horizontal Requirement (NPHR).
  • Illustrate the relationship between reinsurance programs and regulatory capital requirements.

For more information and to register for this event contact us by e-mail using