CAPTIVE INSURANCE

RMI 645

Consideration of the structure, use, benefits, and limitations of corporate insurance products. Fundamental to the material is the economic underpinning of the insurance contract structure. The major commercial property and liability insurance products will be analyzed in detail with the purpose of illustrating these economic principles and applying them to specific organizational situations.

RMI 636

Comprehensive overview of insurer financial statement analysis and captive insurance. Examine the construction of insurer financial statements, including premiums, expenses, and losses. Financial statement analysis focusing on the statutory statement with differences from GAAP highlighted. Assess captive insurance, covering its structures, feasibility studies, and financial performance measurement.

RMI 655

Study of advanced risk management tools and markets for financing loss costs. Topics include: insurance, self-insurance, retrospective premium plans, risk retention and purchasing groups, reinsurance, insurance subsidiaries (captives), and other policyholder-owned facilities.

RMI 640

Functional analysis of the operations of insurance organizations; legal organization, marketing systems, management and control, underwriting, rating, financial analysis, rate making and regulation.

RMI 637

Focuses on reinsurance, a key component to the successful implementation of the insurance mechanism. Provides exposure to the types and uses of reinsurance, its specific regulatory requirements, how it affects and is affected by primary insurance, and general market mechanisms.