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|Unit chair:||C Laming|
|Note: Online teaching methods require internet access. Please refer to the most current computer specifications.|
This unit introduces students to reinsurance and shows its application to insurance policies in the area of general insurance. From the grounding provided through this unit, the student should develop a clear understanding of the need for and purposes of reinsurance. Students should also have a working knowledge of the different forms and types of reinsurance contracts, a grasp of the terminology and the statutory requirements relative to reinsurance, the legal aspects of reinsurance dealings and an understanding of the reinsurance market and the pricing of reinsurance.
Assignment 30%, examination 3 hours 70%
Hurdle requirement: achieve at least 50% of the marks available on the examination.
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