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- Insurance Topics | Reinsurance | NAIC
Issue: Reinsurance, often referred to as “insurance for insurance companies,” is a contract between a reinsurer and an insurer In this contract, the insurance company—the cedent—transfers risk to the reinsurance company, and the latter assumes all or part of one or more insurance policies issued by the cedent
- Reinsurance Asset Adequacy Testing (AAT)
6 20 2024 Reinsurance AAT – Today’s Discussion Move towards developing consensus on concepts Plan next steps towards details and Actuarial Guideline (AG) wording
- Adopted by Life Actuarial (A) Task Force – 6 5 2025 Adopted by Life . . .
Asset Intensive Reinsurance Transactions - Coinsurance arrangements involving life insurance products that transfer significant, inherent investment risk including credit quality, reinvestment, or disintermediation risk as determined by Appendix A-791 of the Life and Health Reinsurance Agreements Model Regulation
- Reinsurance Brief
The global reinsurance market plays a critical role in managing catastrophic risk for companies worldwide, especially in the U S The P C reinsurance market in the U S features a mix of domestic and international reinsurers
- Certified and Reciprocal Jurisdiction Reinsurers
The NAIC has compiled a list of the NAIC member jurisdiction webpages containing state specific information regarding certified and reciprocal jurisdiction reinsurers This is intended for informational purposes only to facilitate accurate reporting of reinsurance transactions within the statutory financial statements
- Schedule P Reporting for Retroactive Reinsurance Accounting Exceptions
Retroactive Reinsurance Retroactive reinsurance should not be reflected in Schedule P The transferor in such an agreement must record, without recognition of the retroactive reinsurance, its loss and loss adjustment expense reserves on a gross basis on its balance sheet and in all schedules and exhibits
- Microsoft Word - 075_m. docx
SUMMARY OF ISSUE Reinsurance is the assumption by an insurer of all or part of a risk undertaken originally by another insurer Current statutory guidance on the accounting for property and casualty reinsurance is contained in Chapters 7, 8, and 22 of the Accounting Practices and Procedures Manual for Property and Casualty Insurance Companies (P C Accounting Practices and Procedures Manual)
- Summary Statutory Accounting Principles (E) Working Group
Remaining topics include excess withdrawals, market value adjustments, modco funds withheld (FWH) reinsurance transactions, and the admittance limit Notice of a potential Macroprudential (E) Working Group referral regarding disclosure requirements for financial asset-backed notes
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