Description: This article discusses how insurers that focus on their core competencies and astutely outsource other functions will become more competitive and improve their performance.

Description: The SOA’s Committee on Life Insurance Company Expenses (CLICE) has submitted its recommendation for the 2024 Generally Recognized Expense Table (GRET) for use with individual life insurance sales illustrations. The recommendation is currently being exposed for comments by the NAIC for 30 days until September 12, 2023.

Description: This article highlights GRET, the Generally Recognized Expense Table, which was included in the Life Insurance Illustrations Model Regulation. From Small Talk Newsletter, November 2005, Issue No. 25.

Description: T3: TAXING TIMES TIDBITS

Description: GRET Table Factors History for 1998 through 2010.

Description: 2021 Generally Recognized Expense Table (GRET) recommendations.

Description: This is the sixth experience study conducted by the SOA’s Committee on Life Insurance Company Expenses on inter-company expenses. Contributions of individual life and annuity expense data were received from 27 US life insurance companies.

Description: This paper estimates the acquisition and maintenance costs associated with life policies as a function of the amount of insurance and number of policies of an insurer by estimating a cost function for our sample of insurers.

Description: This article discusses gaining a competitive advantage by reducing new-business processing costs using point-of-sale technology.

Description: This is the tenth experience study conducted by the SOA’s Committee on Life Insurance Company Expenses on inter-company expenses. Contributions of individual life and annuity expense data were received from 13 US life insurance companies.