Description: This session covers how reinsurers and direct writers respond to emerging experience and work together to modify contract terms or take other actions to represent and protect each party's interest. From Record of Society of Actuaries, Vol. 30, No. 1, Session 6

Description: Presented at May 2000 Spring Meeting. This teaching session deals with the use of reinsurance in the strategy of carriers' approaches to the long-term-care marketplace. Specifically, it discusses the market potential of LTC and the benefits of reinsurer expertise, smoothing of claims variability and protection from excess risk, the pros and cons of selling another carrier's plan, and types of reinsurance.