Journal

RETENTION MANAGEMENT by John Carroll

Achieving effective retention management assures companies the protection they need on the risks they hold, but also helps them to minimize the amount of reinsurance coverage by maintaining the appropriate retention on a life. This truly is a risk management function that should receive the human resources and system support needed to keep it in sync with the data on a company’s various administration systems. Maintaining full retention on all lives may not always be possible, because mistakes do occur, but with vigilance and proper monitoring tools, a high level of accuracy can be achieved, thus reducing exposure and minimizing the incidence of surprises at claim time.

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CONTINUATIONS by John Carroll

There are many challenges facing today’s administrator trying to accurately process reinsured continuations. Much of the reinsurance that has been ceded in the last ten to fifteen years has been ceded on a quota-share basis to two or more reinsurers. Initially reinsurance was done on an excess basis, but much of today’s reinsurance, especially term business, is quota-share on a first dollar basis which means that a portion of all new policies have reinsurance. Thus, when policies convert or change it involves multiple reinsurers and cessions with terms amongst those reinsurers that are not always consistent.

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First Published RAPA Textbook

The Rapa audit committee is pleased to present its first published RAPA textbook! The text is entitled "Operational Risk Management, Edition One".

The textbook was published by an online publications service - Lulu.com. The cost is $16.49 per text. To order a copy of Operational Risk Management, Edition One, follow these simple instructions.
  1. Point your browser to the following link: http://www.lulu.com/content/1175000
  2. Add the number of copies you want by clicking the "Add to Cart" button.
  3. Pick your shipping option and select "Check Out"
  4. Input your shipping and billing information
Please allow 10-15 business days for delivery.

If you have any questions on ordering the text or any suggestions for future publications, please contact Kelly Priest at kelly.priest@logiq3.com or Natalie Ho at natalie.ho@logiq3.com.