What is free, what is paid
Since September 17, 2026 the Academy's rule fits on one line: everything can be read and everything can be passed, and only proof that you passed is paid for. Lessons, solved cases, quizzes and the exams of the Reinsurance treaties specialisation are open. The 70% threshold is shown before the first question.
The certificate carries the holder's name and score. It costs €7.99 incl. VAT for one course, €11.99 for the specialisation, €17.99 for the Reinsurance domain. Sales are not open, and the screen says so: "The certificate will be available soon." You can do everything, exam included, except leave with the document.
Once issued, it is checked on a public page, with no account, from its number, shaped like AP-2026-K3F9Q-7B2E. The page says whether it is valid or revoked; a refund revokes it.
Private certification issued by AlgoPolis under its sole authority. It is not registered with France Compétences, in either the RNCP or the specific register, and does not qualify for the French personal training account.
RT-1: who carries what, and at what price
The order is the one in which a cession underwriter meets these objects.
- Treaty or facultative: it all turns on when the reinsurer commits, before reading the risk or after.
- Quota share cedes the same fraction of premium and of every loss. It transfers volume, never the peak.
- Surplus makes the cession rate vary risk by risk, comparing the sum insured with the line, never the loss with the retention.
- Excess of loss cuts the amount into layers: "10 xs 5" runs from 5 to 15.
- Per risk or per event, the definition of a loss weighs more than the level of the attachment.
- Stop loss looks at the annual loss ratio, which makes moral hazard the subject of its negotiation.
- The ceding commission repays costs already incurred; the profit commission shares a result, which loss carry-forward can bring to nothing.
- Burning cost measures what has burned. It lies until losses are indexed, open years are developed to ultimate and the premium base is brought up to date.
- Rate on line divides premium by limit. It checks a price and never builds one: you price by burning cost or an exposure model, then you check.
- The hours clause says what counts as one event. Lothar and Martin, which crossed France a day apart in December 1999, made that window the question of every renewal that followed.
- Reinstatement says what is left of the program after the first loss, and what it costs to put it back.
RT-2: what the contract says, and who pays when the parties disagree
Here the order follows the life of a cession.
- Compulsory cession, contractual or statutory. Statutory cessions are taken in cascade: 25, 10 and 5% do not make 40% of gross.
- Attaching or occurring: the basis changes the debtor, not the amount, and a clean cut closes a proportional treaty with no tail.
- Follow the settlements, cooperation, control: a ladder of clauses that contradict each other when the treaty does not rank them.
- A right to recover is worth what the debtor is worth, hence the insolvency clause, cut-through, letters of credit and funds withheld.
- Disagreement: no arbitral award sets precedent, and procedure decides the amount as much as the cover does.
- Leaving a treaty by run-off, commutation or novation, or by a sunset clause, the only exit negotiated at inception.
What exists elsewhere
Read on October 31, 2026. The Institutes, in the United States, sells "Reinsurance Fundamentals" online for $25. The University of Amsterdam offers "Essentials of Reinsurance", a program at €2,000, with an exam. Gereso, in France, runs "Les fondamentaux de la réassurance" over two days, in-house; its price was not recorded. Formats differ as much as prices.