Sales
9:00 AM – 5:00 PM | 22 & 23 July 2024 | 14 CPD Hours
Registration Deadline: 18 July 2024
Overview
This application-based course aims to provide participants with more exposure to the know-how and mechanism of Reinsurance Accounting. Participants will learn the various uses of reinsurance accounting, the accounting related terms appearing in slips/ wording, including the administration process for proportional and excess of loss (XL) treaties, as well as the reinsurance accounting provision, method of unearned premium calculation and the alternative to reinsurance commission. The basic understanding of IFRS 17 will also be provided.
Recommended For
- Reinsurance/Retakaful practitioners, reinsurance executives, treaty claims handlers, executives from regulatory bodies who are involved in retakaful/reinsurance.
- Anyone who wishes to have better understanding of the fundamentals in the preparation of technical reinsurance accounts.
Learning Format
- In-Person Training
Learning Outcome
- Explain the various uses of reinsurance accounting.
- Explain the accounting related terms appearing inslips/ wording for proportional and XL.
- Explain the basic outline of outline of the administration process for a Proportional treaty.
- Apply the use and application of the various accounting terms.
- Explain the basic outline of the administration process for an XL treaty.
- Apply the use and application of the various excess of loss treaty accounting items.
- Explain the use and application of various accounting provisions.
- Explain the use and application of various accounting methods of unearned premium calculation.
- Explain the use and application of the commission alternatives.
- Analyse the various accounting principles andpractice.
- Basic understanding on IFRS
Programme Structure
Day 1
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Day 2
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Dates
Fees
Early Bird (Member)
Single: RM1,080 | USD250
Register before 8 July 2024
Early Bird (Non-Member)
Single: RM1,180 | USD272
Register before 8 July 2024
Normal Fee (Member)
Single: RM1,180 | USD272
Group of 3: RM1,030 | USD240
Normal Fee (Non-Member)
Single: RM1,280 | USD300
Group of 3: RM1,080 | USD250
*Fees inclusive of 8% SST (Malaysia Sales and Service Tax)
Meet The Expert
| YAP HONG PENG, CAROLINE AMII & ACII |
 |
Caroline has over 25 years of experience in the reinsurance industry and her expertise involves reinsurance underwriting on motor and non-motor classes of insurance; claims management (motor and non-motor); client management (local and international insurers); reinsurance accounting; credit control or debtor management; management of run-off reinsurance portfolios in Asia; commutation of reinsurance portfolios; and conducting in-house training.
Additional Information
REGISTRATION POLICY
- Registration can be done via online at www.mii4u.org/ilms/user/login
- As the maximum intake is limited to 25 pax per course, registration will be based on first come first basis.
- MII practices a ‘no-credit’ policy. As such, all companies and individuals are required to make payment before the commencement of the course.
- MII reserves the right to reschedule, change the trainer, modify the course content or cancel the course due to unforeseen circumstances without prior notice.
- Contact person or participants will be notified through the email or phone on the status of the programme
- Any Cancellation after the closing date is not allowed.
Important Notice
In regards to Personal Data Protection Act 2010 (“the Act”), pleased note that your personal data is used, stored, disclosed and processed by MII solely for the Purpose of registering training courses and/or in connection to other MII products or services. Your personal information may also be disclosed or transferred to relevant third party i.e to the industry related associations, industry related companies, government agencies and any of their respective agents. Any inquiries or complaints with respect to your personal information may also be channeled to MII bysubmitting such request to MII via post, email (customercare@mii.org.my).