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Is there any life left in those old (life) blocks?

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26 March 2012

Comments

  • There are a couple of options we see being pushed these days as alternatives and both need specific circumstances to becone the best option but I thought I would make mention:

    First off, Reinsurance - there are a few reinsurance firms out there with various plans for taking over the block and risk with more options than you could imagine and it does have viability

    Secondly, the advent of technology means you may be able to utilize an option like Informatica ILP to archive off the data, shut down the PAS concerned and still be able to administer the block.

    Again, not the most mainstream approaches of options but I thought worth a mention as you look to study this area.

  • There could be possibly one more option with insurer to give the business to TPA( Third Party Administrator) to lesser the cost and provide perhaps the same quality to the customer.

    Just provided my thought.

  • Thanks Stacey for sharing - looks interesting especially the Reinsurer option. it would be great if you can throw some more light of it or refer to some source to read about it. Regards, Amit

  • Hi Amit - For a bit more information on the reinsurance option, see our strategies and options report that has just been published this week (http://www.celent.com/reports/strategies-and-options-managing-closed-blocks)