Squeeze on profits

Article Abstract:

The insurance industry must deal with new regulations, a slow economy and healthcare coverage problems in the 1990s. Insurance companies need to be aware of rules concerning capital adequacy and capital gains. The economy's problems and the slow growth of profits have driven insurance companies to be more conservative in their investments. For many people in the US, health insurance is not affordable or available. However, legislation dealing with providing coverage to as many people as possible will not come to pass until the issue of cost control is addressed.

Cover Story

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Sharing the liability: reversionary liability would allow assumption reinsurance to run smoothly by passing the policies, not the full responsibility

Article Abstract:

Reversionary liability would help insurers simplify assumption reinsurance. The benefits of assumption reinsurance include the opportunity to sell off unproductive product lines and remove excess liability. However, such reinsurance can also involve complicated transactions involving the policy holder, regulators and insurers on the assumption of responsibility. Reversionary liability would mean assuming insurers would receive most, but not all, of the responsibility for a given policy.

Reinsurance

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