Description: This discussion on reinsurance looks at criteria which applies in setting the acceptance and retention limits of a smaller company, if its advantageous to divide risks between two or more reinsurers, and what reinsurance a small company needs on group insurance or on individual accident and sickness insurance.

Description: Discusses smaller company issues: retention limits policies, choosing type of company to reinsure with and basis for reinsurance, use of catastrophe and stop-loss coverages, and simplified reinsurance administrative methods.

Description: It is the purpose of this paper to present sample calculations which demonstrate one possible actuarial approach in making the required cost analysis and illustrative costs to reinsure life risks individually under present-day conditions.

Description: From the 1960 Transactions Vol. 12 No. 32, this article is a discussion of the paper ‘Introduction to Nonproportional Reinsurance,’ by Herbert L. Feay, which also appears in this volume of the Transactions. The contributors to the discussion provide their comments with respect to the author’s paper, raising some questions, but generally finding the paper an excellent introduction to a complex and not well explored field, at least from the perspective of life actuaries. The author, in his reply to the discussion, emphasizes that the paper was meant as an introduction to stimulate further work in this field.

Description: This is a discussion of the paper published by Charles A. Ormsby titled, 'The Cost to Reinsure Individual Life Insurance Policies'. Discussion includes: 1. Given that reinsured business has higher mortality than non-reinsured business, why would companies issue it, 2. Suggestion that when costs of reinsurance are considered, reserves should be substituted for cash values to determine the 'statement costs', 3. Cost of reinsurance for a mutual company.

Description: From the 1960 Transactions Vol. 12 No. 32, this paper provides a comprehensive introduction to nonproportional reinsurance and its application in life and health insurance, and employee benefit plans. The author defines the various types of reinsurance and notes that to date nonproportional reinsurance has not been widely used in the U.S. for life insurance, and explores areas for possible application. Theoretical aspects such as formulas for premium determination are also discussed.