Life

We are focused on helping you profitably grow your group portfolio across your own market. In addition to supporting employee benefits and credit-life related business (primarily death, TPD, disability and critical illness, as well as ancillary risks) on a treaty or facultative basis, we offer a customized pricing tool, analytics, scheme underwriting support and the expertise to underwrite high-risk groups.

Scheme Underwriting We provide state-of-the-art tools to support your scheme underwriting teams. Our own underwriters are available for referrals and queries, especially around high-risk and hard-to-place schemes, with a commitment to quick turnarounds and transparent communication. We also provide training and review sessions to discuss specific schemes or trends.

Portfolio Support We offer a strong analytics capability based on the data we have gathered during the scheme underwriting process. As part of an ongoing conversation with you, we use these analyses to assist in benchmarking, improving pricing approaches, identifying profit opportunities and spotting market trends.

Risk Management We provide risk management through appropriate reinsurance solutions (proportional, non-proportional or a combination of these) that integrate with existing reinsurance solutions as required. The solutions are tailored to your risk appetite whether you want to smooth peak risks, provide larger capacity or cover hard-to-place groups facultatively.

Major advances over time in data science and computing power have driven an accelerated use of analytics across the insurance industry.

As a complement to its Risk Solutions, PartnerRe Analytics brings its leading data analytics capabilities to clients, in order to help you develop and manage your business. We have built significant expertise, infrastructure and tools in the predictive analytics area. Leveraging these capabilities, our Analytics team works in close collaboration with clients across geographies and lines of business. We can help you utilize data and analytics to optimize your pricing and market share, reduce claims and operating expenses, and increase profitability.

Disability Claims Scoring In the disability line of business, insurers must continually manage a large quantity of new and open claims, with a wide range of complexity. Resources are constrained, and claims handlers have varied skillsets and levels of experience.

PartnerRe Analytics has particular expertise in the area of disability insurance, to help you improve your claims handling workflow, optimize claims resources, and return claimants back to work sooner.

We offer our partners a well-developed claims scoring framework which uses the power of predictive analytics to improve how disability claims are assigned and managed. Here’s how we bring value to our clients:

• Predictive scoring models are custom-built using your own historical claims data
• Using detailed attributes, outcomes are predicted for each new and existing claim, offering an objective indicator of the opportunity to resolve each claim
• Scoring outputs facilitate optimal segmentation and assignment of claims - claims with higher outcome variance can be assigned to more experienced claims handlers
• Efficient and timely identification of outliers and opportunities for more focused review and action
• Scoring models also facilitate apples-to-apples performance comparisons amongst claims teams and sharing of best practices across teams

Our longevity business is built on solid analytics and transactional flexibility that allows us to be responsive to your needs. As pioneers of new solutions that helped build today’s longevity market, we continue to invest in new ideas, adding value through innovation and quick delivery. Our clients can count on three defining qualities that underpin our work: deep technical understanding of longevity risk, an underwriting approach that can be applied to single lives or across large in-force portfolios, and flexibility to underwrite risk in both reinsurance and securities formats.

Key benefits of our offer include:

• Portfolio profiling and experience analysis leading to swift indicative pricing
• Highly flexible transaction structuring in reinsurance or securities formats, or hybrid formats combining the best features of each
• Collateral via assets in trust, asset transfer and contingent formats
• Exclusive or syndicated participation
• At-the-money risk covers
• EU and non-EU, A+ carriers

Contacts

• Maeve Fleming | Head of Longevity, Life & Health
• Kevin O'Regan | CEO Europe, Middle East & Latin America

By leveraging our expertise and access to capital, we can offer you financing reinsurance solutions as an alternative to raising capital. These economically attractive solutions are typically geared to cover the cost of acquiring new policies or to the accelerated realization of the value tied up in existing portfolios.

Solvency or capital support solutions These solutions reduce the capital required for a block of business through the transfer of risk from the insurer to the reinsurer. This can be done in many forms, from simple quota share solutions to non-proportional reinsurance covers, such as excess of loss or stop loss covers, to complex structured transactions specific to your corporate structure and regulatory framework. An optimal cover delivers an appropriate level, timing and form of risk transfer adapted to your specific risk profile and external environment.

Financing solutions A financing reinsurance contract is a traditional reinsurance quota share treaty that is additionally geared either to helping alleviate the cost of acquiring new policies (new business strain financing) or to the early recognition of the value of in-force policies (value-in-force financing), enabling you to finance growth initiatives at any time.

The size of the transaction, the amount of risk transfer, the cost of the resulting capital, the timing of the capital benefit and the underlying business depend on your specific goals. We tailor our financing reinsurance solutions to your unique needs.

Key benefits of our offer include:

• Flexibility of duration, size and structure: capital when it’s needed
• Minimal transaction costs and short transaction times
• A single, transparent contract
• Risk protection beyond capital investment and therefore reduced risk-based capital requirements
• Continuity via a stable, long-term business partnership
• Access to additional services such as medical underwriting, claims management and product development

Contacts

• Michael Kappos | Head, Business Development & CMO, Global Life Financial Solutions

Maximizing the value provided by non-proportional cover requires careful calibration of reinsurance parameters to your portfolio, budget, capital situation and risk appetite.

Through detailed research, appropriate modeling and analytics we help you determine the unique risk-return profile of your underlying portfolio. This profile serves as the basis for developing a customized reinsurance program that fits your specific needs.

Ready to stand by our clients when uncertainty abounds, we dedicate our efforts to understanding your products, processes and distribution. This focused profiling, combined with experienced analysis, allows us to deliver swift indicative pricing.

Supporting mortality, disability, critical illness and long-term care (LTC) insurance products end-to-end is at the heart of our business. We can help you deliver a compelling proposition within your own market.

Flexible and responsive when it comes to treaty design, we work with a broad range of solutions, including proportional (quota share, surplus, combined quota share and surplus) or non-proportional and remote risk covers, both for new business and in-force portfolios.

In addition to our full reinsurance offering we also provide services to complement and support your sourced needs from other reinsurers, including:

• Training for underwriting and claims staff
• Medical, financial, occupational and avocational underwriting and claims referral
• Audit services for underwriting, claims and administration.

Technology from PartnerRe for expert underwriting and sales growth.

Partners in the Assessment of Risk (PAR) - Ensuring that your underwriting decisions are based on the very latest data and medical research, our web-based medical underwriting manual supports you and your team in your everyday assessment of risk. Includes over 1,000 impairments or health concerns, 4,000 occupations, 800 sports and 200 travel destinations. PAR is also fast, user-friendly, and has advanced features including a tiered structural approach and intelligent search engine.

DUET Edge by PartnerRe – Portfolio growth via a differentiated, best-in-class customer sales experience. Easily integrated into your sales platform, our customizable underwriting rules engine (based on PAR, our extensive medical underwriting manual) ensures that all of your applicants, whatever the risk and complexity, experience a refreshingly fast, intuitive and stress-free application process, increasing the likelihood of sales success.

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