“LTCI Reinsurer Guards Against Problems at Its Own Reinsurers,” by Allison Bell, ThinkAdvisor

“In the insurance industry, a ‘direct writer’ is an insurance company that sells insurance policies directly to customers. A reinsurer insures the direct writer. An LTCI reinsurer might protect a direct LTCI writer against some or all of the risk associated with providing LTCI coverage. A retrocessionaire, third-party reinsurer, insures the reinsurer. In the LTCI world, an LTCI retrocessionaire might protect a company like GE Capital against some or all of the risk of providing LTCI reinsurance. … Links to an audio recording of the LTCI reinsurance teach-in, and a teach-in slidedeck, are available here.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Who watches the watchers?