Reinsurance - what is reinsurance- the foundation of reinsurance – forms of reinsurance – the cost of reinsurance to the cedant – the reinsurer‘s margin – reinsurance pricing method – formula – thirteen step programme to reinsurance pricing – facultative certificates – property certificates – casualty certificates – the role of actuary – reinsurance treaties – monitoring and testing predictions – reinsurance loss reserving.
Credibility – classical credibility – least squares credibility – Bayesian analysis – conjugate priors – practical issues – solutions.
Investment issues in property liability insurance – investment income – investment and tax strategies – rate return measures – impact of investment income on pricing.
Special issues – valuing an insurance company – operating an insurance company – regulating an insurance company.