Task 5

[kingjames]

Lets discuss task 5.

[C. M. M. Humphrey]

I think there's a typo in the EOM assignment. It asks you to recommend reinsurance for R&T Canada's annuity business, but the scenario says that R&T U.S. is the company that issues the annuity business. I feel pretty comfortable with answering this question as if they meant to ask us to recommend reinsurance for R&T U.S.'s annuity business and just adding a caveat that says points out the flaw in the question. The alternative would be to assume that they're asking about the reinsurance for R&T Canada's long-term level term insurance. I think either way is fine but I recommend calling out which way your doing it so the grader knows how to interpret your answer.

[kingjames]

i think i saw this mentioned on the actuarial outpost. i agree that the question should reference variable annuities sold by R&T U.S. rather than R&T Canada.

I read Life Insurance Products and Finance by David B. Atkinson and James W. Dallas, (theres a link to this paper in the module). I ultimately recommended YRT reinsurance, and stated 3 advantages of reinsuring this block in general. 

this question wasnt too bad. right now my writeup for this question is at 1.5 pages. ill try to shave it down to 1 page when i make my final edits.

[Jerry Zhang]

Agree that Life Insurance Products and Finance is great for background reading and I'm most likely going with YRT. Problem is right now I only managed to come out with a few one-liner kind of response, can't even convince myself with the justifications LOL

Did you rely on any external readings for this task?