Reinsurance and Alternative Risk Transfers

3.00 crédits

15.0 h

Enseignants

De Longueville Philippe;

Langue
d'enseignement

Anglais

Préalables

Knowledge in English, level of course LANGL1330.

Knowledge of the concepts at the level of the courses:

Actuariat des assurances dommages (LACTU2010)
Actuariat de l'assurance-vie (LACTU2030)
Quantitative Risk Management (LACTU2210)
Actuariat des assurances de personnes (LACTU2230)

Thèmes abordés

The reinsurance market is presented. The different kinds of treaties are described. The pricing of excess loss reinsurance is deeply analysed. The reasons why an insurance company has to be reinsured are explained; finally the point of view of the insurer is adopted in terms of optimality of reinsurance arrangements.

Acquis
d'apprentissage

A la fin de cette unité d’enseignement, l’étudiant est capable de :

Contribution of the course to learning outcomes in the Master in Actuarial Sciences programme. By the end of this activity, students will have made progress in:

As a priority, the following LO : 1.1, 1.2, 1.3, 1.4, 2.1
In a secondary way the following LO : 1.6, 1.7, 1.8, 2.3, 2.4, 2.5

At the end of this course, students will be able to:

Analyze the quality of conventional reinsurance contract
Criticize the price as well as the analyzes relating to the optimality of the reinsurance structure

Contenu

Introduction
Different forms of reinsurance
Excess-of-loss reinsurance pricing
Reinsurance wording
Insurance linked Securities
Reinsurance reserving
Optimal reinsurance

Méthodes d'enseignement

Ex-cathedra course.
The course consists of 7 courses of 2 hours and 1 course of 1 hour, extra readings (discussed during the courses) and an extra optional Q&A session at the end.

Modes d'évaluation
des acquis des étudiants

First session: written examination.
For the second session, the examination is in principle written. The lecturer may decide to organise an oral examination if the number of participants is limited.

Bibliographie

Walhin J.F. (2012). La Réassurance, 2ème édition. Larcier.
Bauwens, V., Walhin, J.F. (2008). La Titrisation du Risque d'Assurance. Larcier.
Regulatory texts (Solvency II directive, BNB circulars…)
Practical insurance and reinsurance experience

Faculté ou entité
en charge

LSBA

Programmes / formations proposant cette unité d'enseignement (UE)

Intitulé du programme

Sigle

Crédits

Prérequis

Acquis
d'apprentissage

Master [120] en sciences actuarielles

ACTU2M