Description: In October 2011, a research report was released jointly by the Society of Actuaries Committee on Life Insurance Research, the Smaller Insurance Company Section and the Reinsurance Section regarding the challenges encountered by smaller insurers in obtaining life reinsurance. This article summarizes the findings of that research report.

Description: The goal of this publication is to give insights on some market trends in the insurance industry from an African perspective. Some of such trends include digital innovation, accounting standards (IFRS 9 and IFRS 17), African Continental Free Trade Area (AfCFTA), Political Violence and Terrorism (PVT) incidents and Covid-19 pandemic exposures as well as Environmental, Social and Governance (ESG) considerations. It also highlights the success story of the leading pan-African reinsurer, African Reinsurance Corporation, with a message to young professionals that can help increase their odds of success.

Description: Insurers buy reinsurance for a variety of reasons, but an insurer’s accounting rules and solvency regulations are inevitably at the heart of the decision. Whether they are primary drivers or simply help insurers judge acceptable pricing for a risk- or service-motivated transaction, these rules and regulations are a key part of the equation.

Description: In this article, the author provides an update, as of April 2023, on the Reinsurance Section’s sponsored research in process and studies recently completed.

Description: This article addresses the need for overhauling the present system of life insurance regulation in the US and how the Optional Federal Charter would address this need.

Description: We continue to hear that our reinsurers are dissatisfied with the quality of our reporting under our various treaties. There have even been veiled threats of arbitration over our lack of compliance with the treaty reporting requirements, the implication being that they would rescind the offending treaty to inception.

Description: In the last 10 to 15 years, new health insurance programs have proliferated in the Latin American and Caribbean regions. The reason for this boom has been, basically, the need for insurance companies to identify and implement new or additional lines of insurance business in order to match or exceed the increased numbers of competitors now working in these markets. This is combined with the stronger reinsurance capacity that these insurance companies had access to, which can be attributed to the need for increased reinsurance protection that arose a number of years ago, when many insurance and reinsurance companies were seeking larger volumes of businesses based on the expected growth potential of the region.

Description: This article discusses reserving issues for life insurance products with limited level premium guarantees or no-lapse guarantees, and capital markets solutions as an alternative to traditional reinsurance for relief from redundant reserve strain.

Description: This article discusses how understanding the drivers of mortality and morbidity is essential for identifying and developing suitable business opportunities.

Description: This article talks about ASOP No. 11, The Treatment of Reinsurance Transactions Reflecting Life or Health Insurance Risks in Financial Statements. Section 3.5, Additional Liabilities.