Entry Requirements for Reinsurance Fundamentals
Computer literacy
Duration: 1 Months
Delivery Method: Both Online & Physical
Fee Structure for Reinsurance Fundamentals
| Full Course Fees | |
|---|---|
| Registration Fee | KES 1,000.00 ($ 10.00) |
| Certification Fee | KES 2,000.00 ($ 20.00) |
| Administration Fee | KES 0.00 ($ 0.00) |
| Internal Exam Fee | KES 0.00 ($ 0.00) |
| External Exam Fee | KES 0.00 ($ 0.00) |
| Examining Body Membership Fee * | KES 0.00 ($ 0.00) |
| Tuition Fee | KES 14,000.00 ($ 140.00) |
| Fees Totals | KES 17,000.00 ($ 170.00) |
| * Examining Body Membership Fee may be payable through us or directly to the Examining Body | |
All Fees are payable in lumpusm or in installments, for details see below.
Breakdown per semester,
| Trimester | Total Per Trimester |
|---|---|
| Trimester 1 | KES 17,000.00 ($ 170.00) |
| Total | KES 17,000.00 ($ 170.00) |
NB: Fees are payable in 3 installments as detailed below:
The trimester fees of KES 17,000.00 ($ 170.00) is payable in 3 installments of KES 5,666.67 ($ 56.67)
Course Requirements for Reinsurance Fundamentals
- All Fees are payable in installements, for details check FAQs.
- Digital (downloadable) certificates are available. Printing and shipping of hardcopy certificate can be done at a cost of KES 2,000 ($ 20).
Practical Requirements for Reinsurance Fundamentals (where applicable)
The cost of practicals, internships or industrial requirements is KES 30,000 ($ 300) and only applies to courses that require practicals.
Course Units/Overview for Reinsurance Fundamentals
Reinsurance Fundamentals
| Unit ID | Unit Name |
|---|---|
| FRF001 | Reinsurance Fundamentals |
Course Description for Reinsurance Fundamentals
Course Overview
The Reinsurance Fundamentals course is a 1-month online program designed to equip learners with practical knowledge and skills in the principles, practices, and operations of reinsurance. The course provides a comprehensive understanding of how insurers transfer risk, strengthen financial stability, increase underwriting capacity, and manage catastrophic exposures through reinsurance arrangements. Learners will gain an understanding of reinsurance concepts, treaty and facultative reinsurance, proportional and non-proportional reinsurance, risk sharing mechanisms, reinsurance contracts, underwriting considerations, pricing, claims recovery, catastrophe risk management, retrocession, regulatory requirements, and the role of global reinsurance markets. The course also explores the relationship between insurers and reinsurers, capital management, solvency, and emerging trends shaping the reinsurance industry.
Through practical case studies, industry best practices, and real-world applications, learners will develop the ability to evaluate reinsurance needs, interpret reinsurance agreements, support underwriting decisions, and contribute to effective enterprise risk management. The course is suitable for insurance professionals, underwriters, risk managers, brokers, claims officers, finance professionals, compliance officers, insurance executives, and individuals seeking careers in insurance and reinsurance.
What is the minimum grade required to do Reinsurance Fundamentals?
In order to enroll and study for Reinsurance Fundamentals, you are required to have basic computer literacy.
Mode of Delivery
The mode of delivery is Online Learning which means that one can study from home and/or the office. Our Program employs a variety of self-instructional electronic and online self-study materials, such as; written self-instructional study modules, online interactive devices, and self-tests, cloud-based content, videos of lectures mediated technical learning materials e.g., audio-visual and e-learning materials.
Career Opportunities
- Reinsurance Officer
- Reinsurance Underwriter
- Insurance Underwriter
- Reinsurance Analyst
- Insurance Risk Manager
- Reinsurance Claims Officer
- Treaty Administrator
- Facultative Reinsurance Specialist
- Insurance Broker
- Insurance Operations Officer
- Enterprise Risk Management Officer
- Insurance Consultant
Programme Goals
- Build a strong understanding of reinsurance principles and their role in the insurance industry.
- Equip learners with practical skills in evaluating and managing reinsurance arrangements.
- Develop competence in treaty and facultative reinsurance operations.
- Strengthen knowledge of proportional and non-proportional reinsurance structures.
- Promote effective risk transfer and capital management strategies.
- Enhance understanding of catastrophe risk management and claims recovery processes.
- Improve analytical skills for reinsurance decision-making and portfolio management.
- Support compliance with regulatory requirements and industry best practices.
- Foster professionalism and ethical conduct in reinsurance operations.
- Prepare learners for careers in reinsurance, underwriting, risk management, and insurance operations.
Reasons to Study
- Gain practical skills in understanding reinsurance principles and risk transfer mechanisms.
- Learn how reinsurance strengthens insurers' financial stability and underwriting capacity.
- Develop expertise in treaty, facultative, proportional, and non-proportional reinsurance.
- Strengthen knowledge of catastrophe risk management and claims recovery processes.
- Understand the structure and operation of global reinsurance markets.
- Enhance skills in evaluating reinsurance contracts and managing reinsurance portfolios.
- Improve career opportunities in insurance, reinsurance, underwriting, and risk management.
- Build confidence in supporting strategic risk management decisions.
- Support organizations in managing large and complex insurance risks effectively.
- Gain a competitive advantage in the specialized field of reinsurance and enterprise risk management.
Tags
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Course Instructor(s) for Reinsurance Fundamentals
TBA
Examining Body for Reinsurance Fundamentals
FINSTOCK EVARSITY COLLEGE
FAQs for Reinsurance Fundamentals
Q1. How many intakes are there?
There are three intakes in a year as follows:
|
Cohort |
Name |
Term Period |
Months |
Registration Window |
|
January Intake |
Trimester 1 |
Jan 1 — Apr 30 |
4 |
Anytime |
|
May Intake |
Trimester 2 |
May 1 — Aug 31 |
4 |
Anytime |
|
September Intake |
Trimester 3 |
Sep 1 — Dec 31 |
4 |
Anytime |
Q2. In how many installments can I pay the fees?
Payments can be done in 3 installments as specified in the fee structure.
Q3. When can I sit for the exams?
- Internal exams are activated for students individually.
- External exams (where applicable) are booked one month after you complete the course.
Refer to the external examining body for more details and requirements before seating for their exams.
Q4: Is this college accredited/approved?
Yes. The college is approved under the ministry of education, through TVETA, and also through National Industrial Training Authority (NITA).
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