Bucharest 03 July 2019

Trainer: Rainer Alt


The objective of this course is to introduce to the participants the principles of reinsurance by using real life examples. Reinsurance is the most important risk mitigation technology for insurance companies and helps to optimize the capital needs. Solvency II but also the new IFRS17 accounting regime require to adjust the reinsurance strategy of insurance companies.

The course will be in English.

Participants in this module will be allocated  5 credit points related to continuous professional training for insurance distributors according to the ASF Norm no.20 / 2018.

The course can only be completed once in the continuous professional training program.

Target group

The program is targeted to actuaries, managers of reinsurance, product development function and risk management departments.

Course objectives

1. Role of Reinsurance  

2. Principles of Reinsurance: proportional reinsurance vs non-proportional

3. Balance sheets relief programs

  • Longevity Reinsurance
  • Mass Lapse Reinsurance

4. Reinsurance in context of FRS 17

5. Reinsurance as risk management vehicle


At the end of the session, the participants will be able:

  • To explain the main provisions of reinsurance treaties
  • To differentiate between the main types of treaties
  • To explain pros and cons of reinsurance types
  • To characterize the practice of active and passive reinsurance


Rainer Alt - The professional development of Rainer started 1997 as “Actuary for Life Reinsurance Business Development in Austria and Central Eastern Europe” inside of Gerling Global Re Switzerland.

Since 01.01.2016 Rainer is Chief Insurance Officer and Member of Board of NOVIS Poistovna. His direct responsibilities are: Actuarial Department, Medical Underwriting, Claim Management, Reinsurance and Reserving. 

Beside his daily work Rainer had the opportunity to constantly develop his knowledge about IFRS4 as well as Solvency II and Risk Management via internal and external trainings. At SCOR he was member of the world-wide Risk Management Observer team (ECHO) and from 2008 to 2012 Chairman of the SCOR Global Life Medex Steering Committee, a project group set up to define the world wide approach for Health business, underwriting guidance for Health business and Risk based capital calculation for Health reinsurance treaties.

Since 2008 Rainer is a member of the advisory committee (“Beirat”) of the Austrian Actuarial Association (AVOE) and representative of the AVOE in the reinsurance sub-committee of the International Actuarial Association (IAA).

From 2008 to 2015 he was trainer for the “reinsurance course” at the post graduate education for actuaries of Institute of Financial Studies in Bucharest, Romania.

Duration / Period

The program will take place Wednesday July 2nd, between 09:30 and 13:30.


The necessary investment for this program is of 400 lei + VAT/participant and includes: course materials, coffee break, participation certificates, credit validation and registration fee.


At the above fee, the following discounts will be granted:

  • 5% for the registration and payment up to June 14th 2019
  • 5% for the registration of at least 2 persons from the same organization.

The discounts can be cumulated.

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