Description: The SOA’s Committee on Life Insurance Company Expenses (CLICE) has submitted its recommendation for the 2024 Generally Recognized Expense Table (GRET) for use with individual life insurance sales illustrations. The recommendation is currently being exposed for comments by the NAIC for 30 days until September 12, 2023.

Description: This article provides a description of the development process for the 2003 GRET factors. The results were also presented and discussed.

Description: Discussion of expense management in a small life insurance company

Description: This article highlights GRET, the Generally Recognized Expense Table, which was included in the Life Insurance Illustrations Model Regulation. From Small Talk Newsletter, November 2005, Issue No. 25.

Description: This article discusses how insurers that focus on their core competencies and astutely outsource other functions will become more competitive and improve their performance.

Description: 2021 Generally Recognized Expense Table (GRET) recommendations.

Description: GRET Table Factors History for 1998 through 2010.

Description: This is the sixth experience study conducted by the SOA’s Committee on Life Insurance Company Expenses on inter-company expenses. Contributions of individual life and annuity expense data were received from 27 US life insurance companies.

Description: This paper estimates the acquisition and maintenance costs associated with life policies as a function of the amount of insurance and number of policies of an insurer by estimating a cost function for our sample of insurers.

Description: Results of the 2005 inter-company study of expenses for individual life and annuity business conducted by the SOA’s Committee on Life Insurance Company Expenses, CLICE.