Description: Panelists at this session of the SOA 2001 Toronto Spring Meeting discuss incorporating reinsurance costs into the pricing of their retail products. Panelists also discuss the different effects of various reinsurance arrangements.

Description: In May of 2006 the Life Insurance Mortality and Underwriting Survey Committee of the SOA surveyed both reinsurers and direct companies about their practices with respect to making business decisions in the underwriting process. This article highlights the comparison of the results of the two surveys.

Description: The panel examined the trend of a large proportion of new and in-force business being ceded by direct-writing companies into the reinsurance marketplace. Questions addressed: 1. Is there a difference of opinion on mortality assumptions between the reinsurer and the direct writer? If so, who's right? 2. If the reinsurer is right, what are the implications to the direct writer? 3. If the direct writer is right, what are the implications to the reinsurer? 4. Are there other driving forces behind the large amounts being ceded?

Description: Discussion of the evolving role of reinsurance in driving business decisions for the direct side, with particular emphasis on underwriting and risk classification and the emphasis on automatic versus facultative business.

Description: The attached report presents the results of the survey conducted by the SOA Committee on Life Insurance Mortality and Underwriting Surveys on risk management practices of US life insurance companies. Both direct individual and group life insurance and reinsurance were included in the survey.

Description: The main purpose of “excess reinsurance” was to enable the direct writer to retain as much face amount as it could justify and merely cede the amounts which it felt was excessive relative to its surplus, earnings or other financial criteria.

Description: This article presents the author's views on how direct writers of term insurance should view and monitor their reinsurance.

Description: From a session at the Spring meeting of the Society of Actuaries held in San Antonio, Texas, June 14-15, 2004. Arguments regarding the rights to deny reinsurance claims are presented by a representative of both a direct writer and a reinsurer.

Description: Discusses: [1] the term-insurance marketplace and the reinsurance thereon, both past and present, [2] the changing reinsurer-client relationship, [3] the evolving reinsurance and direct marketplaces, and [4] the interrelationships between those two marketplaces. Significant discussion about AIDS risks in Q&A. From the 1988 Record of Society of Actuaries, Vol. 14, No. 2.

Description: Significant consolidation has occurred in the U.S. reinsurance market over the last five years. The number of companies operating in ordinary life reinsurance has continued to decline—13 primary companies excluding retrocessionaires contributing to the Munich American Reassurance Survey in 2004, compared to 20 companies in 1999. Table 1 and Table 2 indicate the change in market share as well as the change in the composition of the leading participants in the U.S. market for 2004 versus 1999.