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Group life reinsurance ceded seesawed in last 5 years.(Life Reinsurance)
- Article from:
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National Underwriter Life & Health-Financial ServicesEdition
- Article date:
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July 19, 2004
- Author:
- Connolly, Jim
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Copyright informationCOPYRIGHT 2004 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WHILE GROUP LIFE INSURANCE in-force business has grown steadily since 1999, reinsurance ceded from this business during this time has been a story of more dramatic peaks and valleys, according to data provided by National Underwriter Insurance Data Services.
For the top 2S group life insurers, group life in-force grew 8.5% in 2003 compared with 2002. In previous years, year-over-year growth was 6.8% in 2002; 11.9% in 2001; and 7.9% in 2000. (See chart on this page.)
Changes in group reinsurance ceded at year-end by the top 25 companies moved more dramatically in year-over-year comparisons than group in-force totals. (See large chart on page 17.)
In 2003, ...