RAPA News

11 Apr 16

Reinsurance Reporting Guidelines and Best Practices (4th Edition)

The Data Initiative team has produced the 4th edition of the Reinsurance Reporting Guidelines and Best Practices. Reinsurance Reporting Guidelines and Best Practices - Version 4 [31 March 2016] The new edition includes the following revisions: 4.0 31-Mar-2016 Added best practices for Joint Life Claims, Flat Extra, and Zero At Risk Amounts reporting Updated Conversion Guidelines Matrix

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21 Mar 16

RAPA Post Level Term Initiative Announcement

Over the last couple of years there has been increasing conversation around Post Level Term administration and how to appropriately handle these policies. Last year the Data Initiative hosted a roundtable on this topic and discussed many of the issues and challenges facing the industry. As a result of those discussions, RAPA would like to announce the formation of the Post Level Term Initiative.  Over the next couple of years, the Initiative will attempt to tackle the following goals: Host discussions around Post Level Term administration to gain industry insight and capture Best Practices. Explore, research and write a white…

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10 Mar 16

RAPA – 2016 Spring Meeting

RAPA is pleased to be hosting the annual spring meeting on Tuesday April 12, 2016 from 12:00pm to 3:00pm at Pacific Life Services offices, located at 375 University Avenue, Suite 600, Toronto, Ontario (https://goo.gl/maps/fMNgD).    Lunch will be provided, followed by updates from the RAPA Board of Governors and Initiative Leads. Please RSVP to stephanie.williams@Hlramerica.com if you are planning on attending. We hope to see you in Toronto next month. Best Regards, Greg LaRochelle, Chair Reinsurance Administration Professionals Association RAPA |Spring Meeting Agenda Lunch: 12:00pm – 1:00pm Meeting: 1:00pm – 3:00pm Welcome and Introductions Communications / Website Financial Report Planning Initiatives progress…

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05 Jan 16

2016 Changes

Happy New Year!!!   The Board of Governors and Initiative leads have been working on various updates since our fall meeting and wanted to provide you with some important changes to roles, membership fees/renewals, and bylaws. Roles - Following the election of 2016/2017 Board of Governors, we have now appointed a Past Chair along with establishing a new Membership Initiative as well as a lead. Past Chair:  Kim Langstaff has agreed to assume this role.  With her extensive RAPA experience, familiarity with by-laws, and high energy, she will be a great addition to the board of governors. Membership Initiative:  Given the…

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14 Dec 15

Communicating System, Data, or Administration Changes to Business Partners

Shout out to all non-members!  This "member only" form has now been released to all non-members. This form was created by the RAPA Data Committee in order to provide a standard communication that can be used between business partners in the industry to share information on system, data, or administration changes. Examples of applicable uses of this form include, but are not limited to, full or partial system conversions, changes to data formats, key elements, or calculation fields, and data clean up efforts. There is further information on the first page of the documents below. The forms below are represented in Microsoft…

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26 Nov 15

Data Initiative Announcement

As of the RAPA Fall Meeting the Data Initiative is pleased to announce the release of Version 3 of “Reinsurance Reporting Guidelines and Best Practices”.  The new items are – Partial Conversions added to the Conversions Matrix, “New Client” reporting guidelines and templates, Claims Reporting Guidelines.  The “New Client” section is not only excellent if you are new to reinsurance reporting, but also a good reference for a quick understanding of what is important in reinsurance reporting.  This document was created through the RAPA Data Initiative to be used as a guide for best practices in reinsurance administration and reporting.…

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