- In group life reassurance administration, we are concerned about certain processes that are involved in perfecting all the activities in a group life reassurance contract.
- Though, practice may vary slightly from one reassurer to the other, but the objective is the same.
Group Life Reassurance Administration comprises the following:
- Underwriting
- Processing of Cessions
- Accounting (Taking into consideration alterations and termination for new and exiting members)
- Claims Administration