Training Program on Retention Management by NZO Lahore

Pakistan Reinsurance Company Limited, Northern Zonal Office, Lahore, arranged two days’ training programme on 22nd and 23rd June,2009 at NZO for its employees as per the Training Schedule.
On 22nd June, Mr. Muhammad  Aslam Sabir, ACII, FCII (London), Regional Chief, State Life Insurance Company, Visiting Professor, Hailey College of Banking & Finance, delivered lecture on “Retention Management”. The topics included:

  • Definition of Reinsurance
  • Purposes of Reinsurance
  • Types of Reinsurance, Retrocession
  • Commissions and Deduction
  • Formation of Reinsurance Contract
  • Motivation
  • Retention
  • Reinsurance Market
  • Business Reasons for Reinsurance
 
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The lecture was followed by Question-Answer Session, Which was actively participated by the participants. Mr.Liaquat Ali Khan , FCII (London), Chartered Insurer, Executive Vice President, EFU General, Visiting Professor, Hailey College of Banking & Finance, delivered lecture on 23rd June, 2009. The topic of second training programme was “Reinsurance Risk Analysis”. The main contents of the lecture were:

  • Purpose of Reinsurance
  • Risk Transfer
  • Capacity
  • Spread of Risk
  • Assesment & Analysis of Risk
  • Objectives of Risk Analysis
  • Identifying & Measuring Risk
  • Analysis of Cedant's Portfolio
  • Basic Information of Requirements
  • Rating factors
  • Use of Detail of the Slip
  • Material Information

The participants took active part in op of the lecture.
The Regional Directoruccessful completion of the training programme and lectures.
After completion of the lectures, “Certificates” were also distributed amongst the participants.
We have received good feedback from the employees who feel that their knowledge and working capacity could be enhanced by participating in such trainings.