Course in Facultative vs Treaty Reinsurance
Online 300-hour course in facultative vs treaty reinsurance. 6 modules covering Law 50/1980 (Insurance Contract, arts. 77 to 79, reinsurance), Principles of Reinsurance Contract Law (PRICL) and Whitespace. Assigned tutor and open enrolment.
Course in Facultative vs Treaty Reinsurance — studying from South Africa
South Africa has one of the more developed insurance and financial services sectors on the continent, with major insurers and reinsurers headquartered in Johannesburg and Cape Town. Actuarial and risk analysis skills are in demand for pricing, reserving and risk management. The Financial Sector Conduct Authority and the Prudential Authority regulate the sector, and insurers rely on data-driven models to meet capital and solvency requirements. Engineers with statistics and data skills are increasingly recruited into these roles.
Fees for South Africa: R 8 340 (South African rand), with instalments and employer sponsorship available.
Relevant bodies in South Africa
Typical roles
Questions from South Africa
Will a SEIUM qualification be recognised by the professional bodies in South Africa for this area?
SEIUM qualifications are private qualifications, not official state degrees, and they are not accredited by any South African body. Actuarial work in South Africa is overseen by the Actuarial Society of South Africa (ASSA), whose professional credentials follow their own examination and regulatory routes. Recognition of a SEIUM qualification is decided by employers or the relevant body, so verify this directly with them before enrolling.
How might this qualification be used by employers in South Africa in insurance and risk roles?
Insurers, banks and risk consultancies look for strong data, modelling and risk skills. A private qualification may support your profile, particularly alongside relevant experience, but it will not replace formal professional credentials where these are required. Whether a particular employer values it is up to them, so it is worth asking hiring managers in your target field how they would view it.
Can I study this programme alongside full-time work from South Africa, and is there a time zone or language issue?
Yes, the programme is delivered fully online and in English, so no student visa is needed to study from home. Master's programmes require 1,900 hours, postgraduate diplomas 800 hours and specialist courses 300 hours. Each student is assigned a technical tutor, fees can be paid in instalments, and employer sponsorship is possible. Ask SEIUM about the time-zone and weekly workload expectations before committing.
Take the controls.
Run a real engineering trade-off from this field. Move the sliders, watch the model react in real time and beat the challenge.
What you will be able to do
Explain the function of reinsurance and its forms of arrangement.
Distinguish the advantages and limits of facultative compared with treaty reinsurance.
Design a reinsurance programme combining both approaches.
Draft and review the essential clauses of each type.
Manage placement, technical accounting and balances.
Monitor programme execution and recoveries.
Develop an integrated reinsurance programme project.
Who it's for
- Facultative reinsurance underwriter who wants to specialise in facultative vs treaty reinsurance.
- Ceded reinsurance technician who wants to specialise in facultative vs treaty reinsurance.
- Reinsurance broker who wants to specialise in facultative vs treaty reinsurance.
- Reinsurance programme analyst who wants to specialise in facultative vs treaty reinsurance.
- Technical contract administrator who wants to specialise in facultative vs treaty reinsurance.
- Reinsurance manager at an insurer who wants to specialise in facultative vs treaty reinsurance.
- Engineering or science graduates looking to enter reinsurance.
What you'll work with
- Law 50/1980 (Insurance Contract, arts. 77 to 79, reinsurance)
- Principles of Reinsurance Contract Law (PRICL)
- Market Reform Contract (MRC) of the London market
- Delegated Regulation (EU) 2015/35 (risk-mitigation techniques)
- IFRS 17 (reinsurance contracts held)
- IAIS Insurance Core Principle 13
6 modules · 300 h
1.1Why an insurer cedes risk1.2Capacity, stability and capital1.3Proportional and non-proportional reinsurance1.4Quota share and surplus1.5Excess of loss per risk and per event1.6Aggregate excess of loss1.7Players: cedant, reinsurer and broker1.8Sector vocabulary and acronyms1.9Market and the reinsurance cycle1.10Exercise: identifying the structure of a programme
2.1Definition and logic of each type2.2When to use facultative2.3Atypical risks and additional capacity2.4Cost and administrative burden compared2.5Compulsory facultative and its variants2.6Interaction between facultative and treaty2.7Information required in each case2.8Placement deadlines and urgency2.9Common errors in combining them2.10Practice: deciding the route for several risks
3.1Analysis of the portfolio and exposure3.2Modelling of losses and accumulations3.3Choice of retention and priorities3.4Number of layers and their sizing3.5Reinstatements and their conditions3.6Programme cost and its optimisation3.7Effect on required capital3.8Programme stress scenarios3.9Documentation of decisions3.10Practice: designing a programme for a portfolio
4.1Cover note and final contract4.2Scope and exclusion clauses4.3Definition of event and of time4.4Loss and notice clause4.5Errors and omissions clause4.6Arbitration and governing law4.7Commissions and profit sharing4.8Guarantees and deposits4.9The role of the reinsurance broker4.10Practice: critical review of a wording
5.1Technical accounts and their reconciliation5.2Notification of losses to the reinsurer5.3Reinsurance recoveries and their collection5.4Reinsurer credit risk5.5Monitoring the solvency of counterparties5.6Accounting effect of reinsurance5.7Prudential reporting of the programme5.8Annual renewal and negotiation5.9Programme indicators5.10Practice: reconciling a technical account
6.1Selection of the portfolio and its exposure6.2Analysis of accumulations6.3Design of the reinsurance programme6.4Decision between facultative and treaty6.5Proposed wording6.6Cost and capital analysis6.7Control and reconciliation plan6.8Monitoring indicators6.9Programme report6.10Defence of the project
How you'll learn
100 % online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. No fixed timetables: students progress at their own pace within the intake, which makes it possible to combine study with work.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Whitespace, Sapiens Reinsurance, Advanced Excel, Power BI, in free, academic or evaluation versions. Case studies are based on real procedures: simulated placement of a facultative risk, design of a treaty programme, and review of slips and wordings. Assessment is continuous, module by module, plus the final integrating project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Explain the function of reinsurance and its forms of arrangement.
Distinguish the advantages and limits of facultative compared with treaty reinsurance.
Design a reinsurance programme combining both approaches.
Draft and review the essential clauses of each type.
Manage placement, technical accounting and balances.
Where this takes you
Requirements
- No prior degree is required.
- Internet connection and a computer capable of running the programme's software.
- Sufficient level of Spanish to follow technical regulatory reading.
Ready to start?
Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.
Frequently asked questions
The programme comprises 300 total hours spread over 3 to 5 months. That is between 10 and 15 hours per week on average, compatible with a full-time job.
You work with Whitespace, Sapiens Reinsurance, Advanced Excel and Power BI. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.
An own SEIUM diploma upon passing the continuous assessment and the integrating project. It is in-house training, not an official qualification from the Ministry.
Yes. Modules passed in a course or postgraduate diploma in the same area are recognised towards the advanced programme. Check the recognition policy when you enrol.
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