PROGRAMME OVERVIEW

The insurance sector in India is experiencing significant changes due to the entry of new players, technological progress, and shifting customer expectations. Traditionally, a few large insurers dominated the market. Now, Insurtech startups, digital-first insurers, and global companies are increasing competition. Artificial Intelligence (AI) and data analytics are transforming underwriting, claims processing, and customer service, resulting in faster and more personalised experiences.

Today’s customers want transparency, convenience, and customised products and are looking to leverage the bancassurance and other multichannel distribution facilities for ease of obtaining insurance products and services. This demand is pushing insurers to innovate quickly to stay ahead of their competition. Partnerships between traditional insurers and tech companies are becoming more common, leading to the trend of mixing competition with collaboration. At the same time, greater financial literacy is enabling customers to be more selective and demanding. This change has also caused a rise in mis-selling, which emphasises the need for stricter rules and a stronger focus on customer protection from the regulator, IRDAI. Intermediaries such as agents, brokers, Insurtech companies and web aggregators are changing their roles and strategy for securing a larger pie in the market and achieving the slogan “Insurance for all 2047”. They are moving from simply distributing products to becoming digital advisors and helping customers make informed choices.

In this rapidly changing environment, a Management Development Program (MDP) focused on emerging topics in reinsurance is vital. It will help professionals gain the knowledge and skills needed to manage dynamic market conditions and strategic complexities, take advantage of opportunities in the Banking, Financial Services, and Insurance sectors (BFSI), and encourage participants to prepare themselves to contribute and make career growth in the industry.

OBJECTIVES

·         Understand the foundations, structures, and types of reinsurance.

·         Apply reinsurance mechanisms to expand capacity, stabilise underwriting, and manage catastrophic risks.

·         Explore innovative financial and capital market instruments linked to reinsurance, develop expertise in claims handling, catastrophe modelling, and surplus relief.

·         Analyse global case studies and emerging risks to forecast the future of reinsurance.

KEY BENEFITS INCLUDE

·         Comprehensive, Cross-Functional Learning leading to strategic thinking and innovative application of reinsurance concepts.  

·         The interactive, experiential sharing sessions format brings theoretical concepts to life.

·         Experienced Faculty & Industry Voices of professionals who bring real-world insights into the classroom.

·         Structured and well-suited content for developing in-depth subject knowledge, and instrumental in career development.

·         Residential Format for maximum immersion, encourages complete focus, deep cohort bonding, and uninterrupted engagement.

·         Certificates of Participation & ASCI Alumni Association Membership for all participants.

CONTENT

·         Introduction to Reinsurance, Regulatory changes/compliance

·         Facultative Reinsurance and Treaty & Hybrid Reinsurance     

·         Applications & Mechanisms of Reinsurance and Risk Management, Risk Identification, Risk Transfer & Management      

·         Reinsurance & Financial Risk Management Tools (Surplus relief, capital management)

·         Strategic Functions of Reinsurance, Alternative Risk Transfer & Innovative Products in Reinsurance (Catastrophe bonds & Catastrophe modelling)

·         Claims & Operational Aspects of Reinsurance Reinsurance Best Practices in General Insurance and Life Insurance           

·         Explore AI & technology-driven reinsurance models, Reinsurance- Use of Technology and Future Outlook   

·         Case Studies & Future Trends of Reinsurance

METHODOLOGY

The programme is structured to provide an immersive and interactive learning experience to the participants. It combines expert lectures, experiential learning, case discussions, role plays, case discussions and group exercises. Emphasis is placed on real-world applicability and peer learning to reinforce key takeaways from the MDP.

FACULTY

The programme is delivered by a distinguished panel of faculty members, including faculty members from ASCI, senior bureaucrats, CEOs, industry experts, and legal and technical advisors. With extensive experience across leadership, management, and BFSI domains, they emphasise the practical insights, transformative, and interactive learning.

PARTICIPANT PROFILE

The programme is ideal for junior, middle, and senior-level executives, managers, and administrators from public and private sector organisations. It is particularly beneficial for professionals seeking to sharpen their managerial acumen, improve their domain knowledge in insurance and risk management, and drive individual career and organisational growth.

Organisational Sponsorship Is Essential.

VENUE

The programme is fully residential and the participants will be accommodated in air-conditioned single occupancy rooms. The college does not provide accommodation for the family. The college is Wi-Fi enabled in a comprehensive way.

DURATION

The programme duration is 3 days, starting from November 5-7, 2025. The participants are expected to arrive a day before commencement and may leave after the conclusion of the programme.

PROGRAMME FEE

Residential Fee: Rs. 43,700/- (US$1086 for foreigners) plus GST as applicable (presently 18%) per participant. The fee covers tuition, board and lodging, courseware (in electronic form) and other facilities of the College, including internet usage.

Non-Residential Fee: Rs. 37,700/- plus GST as applicable (presently 18%) per participant. The fee covers tuition, courseware (in electronic form), working lunch and other facilities of the College, including internet usage.

A discount of 10% on the Programme fee for three or more participants from the same organisation will be given, provided the payment is credited into our Bank account before November 03, 2025.

MEDICAL INSURANCE

The nominees are requested to carry with them proof of Medical Insurance. The sponsoring agency is required to endorse the nominees' medical coverage in the event of hospitalisation.

LAST DATE FOR NOMINATION

Please use the prescribed/ attached form. Last date for receiving nominations is October 29, 2025. Kindly contact the Programmes Officer for further details (contact details are given at the end of the nomination form).

LAST DATE FOR WITHDRAWAL

October 31,2025. Any withdrawals after this date will entail forfeiture of the fee paid, if any.

ASCI ALUMNI ASSOCIATION

Participants of the College programmes will automatically become members of the ASCI alumni association.

CERTIFICATE OF PARTICIPATION

The College issues a Certificate of Participation on the conclusion of the programme.