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RAPA
Our Vision The Reinsurance Administration Professionals Association (RAPA) is the primary educator of the industry on reinsurance administration principles, issues and best practices, the industry’s leading voice for the development, implementation and maintenance of life reinsurance data standards, the driving force behind improved data quality, and the place where reinsurance administration professionals establish and maintain important business relationships.
Our History The Reinsurance Administration Professionals Association started as the Reinsurance Roundtable in the late 1980's and has been evolving ever since.
Our Members RAPA is comprised of life insurance professionals who are responsible for the administration of reinsurance between direct writers, reinsurers, and retrocessionaires. RAPA also welcomes related associations and solution providers.
Our Purpose The purpose of RAPA is to improve the effectiveness and efficiency of it's member's reinsurance administration processes. Reinsurance administration processes include treaty management, reinsurance processing, claims processing, premium accounting, and reporting. RAPA's objectives are accomplished through issue-oriented subcommittees that research, define, and recommend best practices. These best practices are in the areas of business processes, procedures, technologies and management of data.
Reinsurance administration is critical to the overall success of an insurance company. It influences several areas of the business including, but not limited to, risk management, claims, underwriting, valuation and financial reporting. RAPA fosters and develops reinsurance administration professionalism through shared information, development of educational programs, and the recommendation of solutions for emerging industry issues. RAPA also provides a forum for the professional growth and development of our members.
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