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ARe 321: Exploring Reinsurance Products and Transactions

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Overview

Overview

Improve your collaboration with insurers by learning the fundamentals of reinsurance products and transactions to better serve your customers. In this course, not only will you learn how insurers and reinsurers create programs, you will also get an overall understanding of reinsurance products and transactions.

4-6 WEEKS
Technical

Skills You'll Gain

checkmark Better collaborate with an insurer to develop reinsurance solutions for its large property risks

checkmark Effectively assess an insurer’s strategic risks to create an effective reinsurance program

checkmark Devise reinsurance strategies for mitigating the impact of extreme losses on an insurer’s bottom line

Ready-Made Career Skills:

  • Reinsurance
  • Finance
  • Loss Mitigation
  • Risk Management
  • Catastrophe Insurance

Assignments

Assignment 1:
How Reinsurers Meet Insurers’ Needs
25 min
Assignment 2:
Increasing Financial Strength with Quota Share
30 min
Assignment 3:
Financing Complex Exposures with Surplus Share
25 min
Assignment 4:
Managing Large Property Risk with Property Per Risk
20 min
Assignment 5:
Mitigating Liability with Casualty Excess
15 min
Assignment 6:
Covering Extreme Losses with Catastrophe Excess
30 min
Assignment 7:
Stabilizing Loss Experience with Aggregate Excess
15 min
Assignment 8:
How Reinsurers and Insurers Collaborate
30 min
Study Plan

Exam Prep Tools

This course comes with proven, comprehensive study materials to help you take The Institutes Designations' exam with confidence:

  • Interactive Online Course: Learn at your own pace through a structured learning experience and modules featuring animations, video, question/answer scenarios, and more.
  • Mobile App: A flexible and convenient way for you to assess your understanding anytime, anywhere.
  • Practice Questions: Test your understanding throughout the course with knowledge checks and exam practice questions designed to reinforce key concepts, identify areas for review, and help you prepare with confidence.
  • Simulated Exam: Strengthen your readiness using a timed exam that mirrors the structure and difficulty of the actual exam. Students who complete the simulated exam pass at higher rates than those who don't.
  • Study Outlines: Reinforce your learning with study outlines designed to help you take notes and review the material as you progress through the course, with the option to print.
  • Resources: Take advantage of optional learning resources to reinforce your understanding and support your personal study routine.

Try ARe for FREE

Sample the ARe designation in just 30-45 minutes to make sure it’s the right fit for you!

FAQ

FAQs

  1. Does this course give me credit toward The Institutes Designations?
    • Yes! ARe 321 is a core course within the Associate in Reinsurance (ARe) designation. It also gives you credit toward CPCU.
  2. How long does the course take?
    • ARe 321 typically takes students 4-6 weeks to complete.
  3. How is The Institutes Designations' exam structured?
    • Virtual exams are timed. You will have 65 minutes to complete 50 questions.
  4. How do testing windows work?
    • We offer The Institutes Designations' exams in 4 testing windows throughout the year.* You can complete your exam at any time in the testing window that you registered for. Access your exam from your account when the window opens and complete it any time until 11:59 p.m. ET on the final day of the window.
      • Quarter 1: January 15 – March 15
      • Quarter 2: April 15 – June 15
      • Quarter 3: July 15 – September 15
      • Quarter 4: October 15 – December 15

*Exam windows that close on a weekend will be extended to the following business day.