Reinsurance-IC 85 Practice Exam

Reinsurance-IC 85 is a certification program from the Insurance Institute of India on the reinsurance industry. It covers the concepts and practices of reinsurance, including the role of reinsurance in the global insurance market, types of reinsurance (such as facultative and treaty), underwriting, risk assessment, pricing, and claims handling.

Certification in Reinsurance-IC 85  helps you prepare for the Reinsurance-IC 85 module test by assessing you to handle reinsurance arrangements, evaluate risks, assess claims, and understand the regulations.
Why is Reinsurance-IC 85 certification important?

• Practices and sharpens your skills and knowledge to clear the Reinsurance-IC 85 module
  
• Provides specialized knowledge in the reinsurance industry, which is a crucial part of the global insurance market.
• Enhances career prospects for professionals in the insurance and reinsurance sectors.
• Validates expertise in assessing risks, underwriting, and claims management within the reinsurance framework.
• Helps professionals understand and manage reinsurance contracts and agreements effectively.
• Prepares candidates for leadership roles in reinsurance companies, brokers, or insurers.
• Expands employability by offering a niche skill set applicable to reinsurance across different industries.
• Improves the ability to develop strategic reinsurance solutions and manage large-scale risks.

Who should take the Reinsurance-IC 85 Exam?

• Reinsurance Underwriters
• Reinsurance Brokers
• Risk Managers (Specialized in Reinsurance)
• Claims Adjusters (Reinsurance)
• Insurance Analysts (Reinsurance)
• Actuaries (Reinsurance)
• Reinsurance Advisors
• Insurance Risk Consultants
• Reinsurance Managers
• Business Development Managers (Reinsurance)

Skills Evaluated

Candidates taking the certification exam on the Reinsurance-IC 85 is evaluated for the following skills:

• Understanding of reinsurance principles, including types of reinsurance (facultative and treaty).
• Risk assessment techniques and underwriting practices specific to reinsurance.
• Knowledge of reinsurance pricing models and how to evaluate the cost of reinsurance agreements.
• Familiarity with the claims handling process in reinsurance.
• Expertise in developing reinsurance strategies and managing risk transfer.
• Understanding of the legal, regulatory, and compliance aspects of reinsurance contracts.
• Ability to assess and mitigate financial and operational risks in the reinsurance process.
• Competence in using reinsurance terms and clauses in contracts.

Reinsurance-IC 85 Certification Course Outline
The course outline for Reinsurance-IC 85 certification is as below -