2021 Life Reinsurance Survey

^{August 2022}

Munich Re Life US conducts an annual survey on behalf of the Society of Actuaries (SOA) Reinsurance Section that examines individual and group life data from U.S. and Canadian life reinsurers.

The survey results are based on financial information self-reported by reinsurance entities and include new business production and in-force figures, with reinsurance broken into the following categories:

• Recurring reinsurance: Conventional reinsurance covering an insurance policy with an issue date in the year it was reinsured. For purposes of this survey, this refers to an insurance policy issued and reinsured in 2021.
• Portfolio reinsurance: Reinsurance covering an insurance policy with an issue date in a year before the year in which it was reinsured or financial reinsurance. One example of portfolio reinsurance would be a group of policies issued during 2005–2006 but reinsured in 2021.
• Retrocession reinsurance: Reinsurance not directly written by the ceding company. Since the business usually comes from a reinsurer, this can be considered “reinsurance of reinsurance.”